Bookmakers Pull new Games After Gambling Commission Warning
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Bookmakers pull new games after Gambling Commission warning
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2 April 2019
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Two leading UK bookmakers have actually pulled brand-new high stakes betting games after a caution from the Gambling Commission.
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Paddy Power and Betfred faced criticism their roulette-style games weakened new rules on fixed-odds wagering.
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the yohaig code maximum stake on fixed-odds betting terminals was this week cut from ₤ 100 to ₤ 2, and the regulator alerted against any attempts to prevent the guidelines.
Betfred stated it wanted more talks with the commission, while Paddy Power said its game was only a limited trial.
The ₤ 2 cap on fixed-odds betting terminals (FOBTs) was recommended by the Gambling Commission in March in 2015 and is backed by the federal government as part of efforts to lower gambling-related damage.
The Betfred game involved two cyclists on a screen in stores racing on a velodrome track with numbers on it. When the yohaig code bicyclist at the the one in front, the number they are on is the winning number.
The numbers are 1 to 36, mirroring those on a roulette wheel, and other bets can be positioned on odd or perhaps numbers, colours, rows and columns. Customers might bet as much as ₤ 500.
Paddy Power's video game, with a maximum stake of ₤ 100 - the level before this promotion code week's FOBT rule-change - also involved banking on numbers in between 1 and 36.
A Paddy Power representative stated: "this promotion code video game was introduced as part of a short trial in a selection of stores. The trial was ceased within 24 hr of commencement and this item will not be introduced across our estate."
Act properly
Ahead of the commission's intervention, both companies drew fire from critics. Shadow culture minister Tom Watson explained them as "FOBTs through the back entrance".
Tracey Crouch MP, who resigned as sports minister over the hold-up in cutting FOBT stakes, said any effort circumvent today's changes to the optimal stakes "would be ethically irresponsible".
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In a declaration on Tuesday, Richard Watson, executive director for enforcement at the commission, said: "We have actually been absolutely clear with operators about our expectations to act responsibly following the stake cut execution this promotion code week.
"We have told operators to remove new products which undermine the modifications, and we will examine any other items that are not within the spirit and intent of the new rules."He stated that a 3rd bookmaker that was poised to launch a comparable item to those at Paddy Power and Betfred had actually been alerted versus doing so.
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A Betfred representative stated: "We eliminated the virtual biking video game and all associated marketing at 10.30 am today after discussions with the Gambling Commission."
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