Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Machine addicts will not just simply turn to gambling on horse racing , sports etc . It's a completely different from of gambling there is no attraction and it's certainly not addictive so there will be no more huge losses . There is absolutely no other forms of betting that's addictive as fobts betting . This is the whole reason why they have effectively been banned it's too stop people losing huge amounts of money . Hardly anybody bets on horse racing sports etc not to the extent of fobts .
You clearly don't understand how the mind of a fobt addict works I'm an ex addict and I have know many addicts I have associated with people who have played these machines for many years and none of are interested on other forms of betting and we are not going to suddenly start betting on other things once the fobts stake is implemented early next year .
So you are incorrect as I do know about customer behaviour I know about the reality of customer behaviour as like I said I'm an ex addict and know a lot of machine addicts so I understand exactly about customer behaviour .
The bookmakers seem to think that fobt addicts might move onto other forms of gambling also but they are wrong and they are underestimating the actual consequences of the fobts ban . There are going to be more shop closures than estimated .
For gods sake this share price was 350 when I warned of the drop it's falling every week when you going to realise
No , I'm not here to rub your noses in it I'm just giving you advice as I have done before . This share price has not finished falling yet by the end of next year and the true impact of the fobts stake will have materialised most of the high street betting shops would be running at a loss and will definitely. That's a fact
I was boring when I warned you all 6 months ago when the share price was 350 that the price was going to plummet . I'm still boring now and the price is still dropping .
I would rather be boring than lose all my money on this share price ??????
Price still falling
In the wake of the budget, the Irish Bookmakers Association hired DCU academic Anthony Foley, who has been writing reports on behalf of the alcohol industry for many years, to estimate the economic impact of the duty increase on the industry.
His report predicts that the duty would place 400 low-turnover shops at risk, with a negative exchequer impact of €35 million. Another reason for their demise might be the continued migration of punters to the web, and structural changes within the industry.
Either way, bookmakers face an uncertain future. What does seem certain is that gambling is going to be an increasing focus in the years ahead for policy makers, as has been the case for the alcohol industry over the past decade or so. The pressure on politicians to impose change for the greater good will only increase. And that will be a much bigger threat to the viability of bookmakers.
Yes correct people will always gamble but not on the fobts anymore and that's where the bookmakers have expanded their shop empire on the back of the fobts thinking that this gravy train would never end. The shops are now only left with the dribbles of small stake past time gamblers. Any serious big stake gambler will bet online to take advantage of the best price offers etc , but the Chancellor has increased online duty so that will hit profits even more .
There is absolutely no substitute for fobts as in the amount of money the bookmakers have profited from these machines. Any attempt to replicate the high speed addictive nature and fast turnover will be prohibited by law .
The golden goose cash cow that the fobts have been for the bookmakers is truly over and so are the high street bookmakers and ultimately this share price
I tend to agree that the price should not drop any further .I did warn people to sell when the fobts £2 stake got announced it was invoice the after price would fall as the bookmakers derive a huge amount of profits from the fobts . I still think the real damage that the £2 fobts will make to he bookmakers is underestimated , the true outcome will become apparent
You have no idea about the actual scale of how the £2 fobts stake is going to impact the betting shops . Watch them fall like flies. The golden goose gravy train is no longer
William Hill has warned over the health of the UK High Street, while in May the UK government said it would be introducing a GBP2.00 maximum stake on fixed-odds betting terminals, down from GBP100.
The FTSE 250 member said this would hit total net revenue by between 35% and 45%, and also said around 40% of its estate would become loss making.
Fixed odds betting terminals are electronic slot machines which allow players to bet on the outcome of various games and events with fixed odds, such as roulette.
In Monday's Budget, UK Chancellor Philip Hammond also announced an increase in the remote gaming duty to 21%, from 15% previously, to make up for the lost tax revenue from the reduction in the maximum stake on fixed odds betting terminals.
ritish bookmaker William Hill will pay a £6.2m penalty after breaching anti-money laundering and social responsibility regulations, the Gambling Commission said today.
The regulator said William Hill gained £1.2m by failing to prevent 10 customers from depositing large sums linked to criminal offences. It will now have to divest that benefit, some of which could be returned to victims, as well as paying £5m in fines.
The Gambling Commission’s executive director Neil McArthur said: "This was a systemic failing at William Hill which went on for nearly two years and today's penalty package – which could exceed £6.2m - reflects the seriousness of the breaches.”
Crooks deserve all they get and I can't wait to see all the shop closures
When you have some time spare take a look in some of the high street bookmakers you will hardly see anybody betting on traditional things like dogs / horses etc. The mast majority of the punters are betting on the fobts machines . I have close associated who work for William Hill some are employed as shop performance managers . I asked them what will happen to your particular shop once the fobts stake gets introduced they told me going off their turnover fobts to traditional betting they don't stand a chance . Like I say don't take my word for it have a look in the high street bookmakers you will see that nobody is placing bets over the counter they are all losing their money on the fobts machines . I understand this market clearly , the true devastation of the high street will become apparent you mark my words 3 out of 4 of the high street bookmakers will close .
You quote that the high street bookmakers managed before without the fobts that's very true but they didn't have state of the art big premises then they had small shops . Since the proliferation of the fobts the amount of bookmakers on the high streets have soared funded on the back of the fobts profits , take the fobts away and they cannot survive . The days of the high street bookmakers are over and given that the bookmaker derive 70% of their profit from the fobts this share price will not be climbing
Yes true labour would ban them completely
I have no financial interest in William hills shares whatsoever. But I knew this share price was going to tumble right from the start of the anti fobts campaign over three years ago . It was just a matter of time that these fobts machines would come to an end then when the news came out that the stakes were going to be slashed I advised people to sell this share as it was guaranteed to come tumbling down .I was merely giving advice . I could not see any other outcome except a big drop in share price given the amount of profits William hills make on the back of the fobts . In fact I quoted on here a few months ago that I had never been so sure that a share price was going to fall . It was obvious and I was merely giving advice to members who were invested. To my surprise I saw people buy even more shares . The mind boggles .
The b2 roulette games is where the mass majority of where customers spend all their money this form of gambling is the most highly addictive . Once the £2 max stake is implemented customers are not suddenly going to switch to b3 games or horse / dog betting thid firm of gambling does not have the same addictive nature as the b2 roulette games and customers who are addicts will not get drawn into them . This is the whole reason why the b2 roulette games have had the maximum stake slashed to £2 because they are so addictive and allow punters to lose vast amounts of money very quickly .Once this £2 stake gets implement which we now know will be October 2010 the demise of the number of high street bookmakers will be truly apparent. The chancellor has increased the gaming duty online to 21% from 15% in yesterday's budget to account for the loss on tax revenue from the high street bookmakers once the fobts £2 stake gets implemented . It's a double big blow for the bookmaking industry. All this was apparent months ago when the share price was 350 I did warn you then that the price would tumble .
I don't need to go into detail with figures but I can guarantee you that most of the high street betting shops will not be viable and be running at a loss once the £2 max stake is implemented. There are no other avenues to go down except close most of the shops . More than half the bookmakers revenue are derived from fobts.
I warned you all months ago when the share price was 350 that the price was going to plummet. What else did you think would happen after the government imposed a £2 fobt limit . The whole of the high street bookmakers only survive on the income of the fobts. Most of the high street bookmakers will be gone once this £2 limit us implemented next year .
Not a chance
Lol
You must be very wealthy or stupid to put your money at such great risk . I have never been so sure that a share price is going to plummet like this one