FAQ |
Members List |
Calendar |
Search |
Today's Posts |
|
Serious Debates & News Debate and discussion about political, moral, philosophical, celebrity and news topics. |
Reply |
|
Thread Tools | Display Modes |
04-07-2019, 10:56 PM | #1 | ||
|
|||
User banned
|
|
||
Reply With Quote |
04-07-2019, 10:59 PM | #2 | |||
|
||||
Senior Member
|
HAHAHA hope the bitch who used to be my old boss and ripped me off LOSES her job
|
|||
Reply With Quote |
04-07-2019, 11:00 PM | #3 | ||
|
|||
User banned
|
Paddy Power have said in the past they would not close any of their 320-strong retail estate as a result of the stake cut and reiterated that position on Thursday.Paddy Power have said in the past they would not close any of their 320-strong retail estate as a result of the stake cut and reiterated that position on Thursday.
|
||
Reply With Quote |
04-07-2019, 11:55 PM | #4 | |||
|
||||
The peoples princesses
|
Bye Ladbrokes xx
|
|||
Reply With Quote |
05-07-2019, 03:00 PM | #5 | ||
|
|||
-
|
The issue that LadbrokesCorals has is that they specifically opened machine-oriented shops. There has always been a restriction of 4 machines per shop so in heavy traffic areas (for example, around transport hubs in cities) where there was ALREADY a shop, they were opening MORE shops (sometimes 4 or 5 within 2 mins walk of each other) that were specifically for rush-hour FOBT play and took next to nothing over the counter. The bulk of those shops are now worthless and will close, with one or at most two shops in a "cluster" staying open.
If anyone's interested as to why the losses are smaller than originally predicted: It's because many people who were habitual "smaller stakes" Roulette players were successfully transitioned onto £2 slots in the 6 months prior to the stake restriction with targetted marketing and offers, and the really heavy "£100-a-spin" players were incentivised to bet OTC (over the counter) on Greyhounds and Horses (especially virtuals). The biggest problem gamblers were monitored and targetted by name with specifically tailored packs. Toxic AF. Actually the final nail that made me determined to leave (and become a vocal critic of) the industry. |
||
Reply With Quote |
05-07-2019, 08:38 PM | #6 | ||
|
|||
User banned
|
Quote:
That a very interesting insight Now they pay |
||
Reply With Quote |
05-07-2019, 09:08 PM | #7 | |||
|
||||
Likes cars that go boom
|
How did bookies make money before fixed odds betting terminals? ... good close dome stores, no high St needs every other shop to be a bookies. I predict the move to restrict the stake will aid the economy as more people will have money to put into it not just funnel it into the pockets of the bookmakers.
__________________
|
|||
Reply With Quote |
05-07-2019, 09:15 PM | #8 | ||
|
|||
Senior Member
|
|
||
Reply With Quote |
05-07-2019, 09:28 PM | #9 | |||
|
||||
Likes cars that go boom
|
All those closing stores also have online betting sites now that they didn't have in the days of old school horse racing.
__________________
|
|||
Reply With Quote |
05-07-2019, 09:30 PM | #10 | ||
|
|||
Senior Member
|
Yes, but they had the FOBT's keeping them going, which is now being targeted with the lower stakes. You asked how they kept going before those.
Last edited by Marsh.; 05-07-2019 at 09:31 PM. |
||
Reply With Quote |
05-07-2019, 09:42 PM | #11 | |||
|
||||
Likes cars that go boom
|
They had competition with other stores when there were only stores then other online sites when they came along... the fixed odds terminals are not going the stakes are just being lowered, they could effectively still take as much of pepoles money...it just might take a bit longer to lose every penny you earn
__________________
|
|||
Reply With Quote |
05-07-2019, 09:46 PM | #12 | ||
|
|||
Senior Member
|
Quote:
Basically, the industry took a hit when online gambling took off, but a lot of shops still retained a healthy customer base thanks to the FOBT terminals. Now, the FOBT terminal rules/regulations have took a hit meaning they're losing a lot of their high staking customers so the shops that relied on those machines due to the virtually non-existent over the counter turnover are now facing closures. TS explained it succinctly in another thread. The FOBT's could still effectively take as much money as they have done but, realistically, they're not going to. £2 max stake severely reduces the amount that can be won and they're going to lose the major players who used to put unspeakable amounts on one spin. And a lot of shops are having the number of FOBT's in their shop reduced in an effort to cut costs which is going to affect business. In my area (which has a staggering 24 shops ) they've all cut down to 2 and 3 machines per shop instead of 4 in all of them and at least half of them will probably close in the next few years. Last edited by Marsh.; 05-07-2019 at 09:48 PM. |
||
Reply With Quote |
05-07-2019, 10:48 PM | #13 | |||
|
||||
Likes cars that go boom
|
How hard is it to understand? I said that the high St can stand to lose these stores, they may have to take a financial hit as they cope with the reduced footfall in the stores but they'll still have the online presence they didn't have years ago, and the FOBTs are still in use.
Basically I'm saying if some of the stores have to close its a good thing, I'm a fan of regulation in this area. £100 on one spin? I don't feel that's responsible at all.
__________________
|
|||
Reply With Quote |
05-07-2019, 11:38 PM | #14 | ||
|
|||
Senior Member
|
I understand perfectly. Chill.
You asked how betting shops survived before FOBT's - I answered. You then suggested the FOBT's wouldn't really be affected as they aren't going and can still accept money - I offered a suggestion why that is not the case. Then you suggested the lost custom will just transfer online (so the bookies still get the business) but a lot of those high staking customers will not go online for the reasons TS suggested (Not to mention the remaining "old school" customers who don't gamble online and still used the stores). It also opposes your idea that the FOBT loss will help the economy as they spend elsewhere, as if elsewhere is other forms of gambling it's just the same pit. Last edited by Marsh.; 05-07-2019 at 11:39 PM. |
||
Reply With Quote |
06-07-2019, 12:18 AM | #15 | ||
|
|||
-
|
Quote:
Ladbrokes and Corals as separate companies before they merged, had a policy of keeping open unprofitable shops in order to maintain brand loyalty and brand awareness. GVC (the offshore company that now own the merged LadbrokesCoral PLC) abandonned that policy and were planning to offload unprofitable shops anyway. I think the machines changes are, partly, a convenient excuse. You're also right that the machines are still profit magnets in busy shops even at £2 stakes. Especially because slots have a much higher profit margin than roulette and blackjack. At the point I left I'd say everything had pretty much stabilised and the stakes changes resulted in approx a 1/3 drop in machines profit... My shop was still making £25k a month on FOBTs, easily, plus there was a fairly significant upswing on virtual horses and greyhounds (£100-a-spin roulette guys will bet £200 on a dog without breaking their stride) and also the Betstations (sports betting machines) are flying. I'm not saying that any of this is a good thing. I say ban casino games and slots everywhere except actual physical casinos, and just flat out burn the rest of the industry. It's a juggernaut designed purely to make legitimate profit from addiction. There's no two ways about it. Internally they barely bother to even pretend otherwise any more. |
||
Reply With Quote |
06-07-2019, 02:07 AM | #16 | |||
|
||||
Likes cars that go boom
|
Quote:
I still maintain that regulation of this kind will improve the economy, you may not and that's fine.
__________________
|
|||
Reply With Quote |
06-07-2019, 02:18 AM | #17 | ||
|
|||
Senior Member
|
Quote:
Quote:
I merely suggested, with the online options, those opting to not play at the £2 stake limit or be unable to due to a closure of their local shop wouldn't spend their money elsewhere if they transfer their custom online. It would still be going to the betting industry. Just another thought. Last edited by Marsh.; 06-07-2019 at 02:20 AM. |
||
Reply With Quote |
06-07-2019, 02:23 AM | #18 | |||
|
||||
Likes cars that go boom
|
Quote:
__________________
|
|||
Reply With Quote |
06-07-2019, 02:39 AM | #19 | |||
|
||||
Likes cars that go boom
|
Quote:
__________________
|
|||
Reply With Quote |
06-07-2019, 02:39 AM | #20 | ||
|
|||
Senior Member
|
High stake FOBT customers are not all FOBT customers?
Last edited by Marsh.; 06-07-2019 at 02:40 AM. |
||
Reply With Quote |
06-07-2019, 02:56 AM | #21 | |||
|
||||
Likes cars that go boom
|
'a lot of those high staking customers will not go online'
' I merely suggested, with the online options, those opting to not play at the £2 stake limit or be unable to due to a closure of their local shop wouldn't spend their money elsewhere if they transfer their custom online. ' This is what I found contradictory.
__________________
|
|||
Reply With Quote |
07-07-2019, 01:16 AM | #22 | ||
|
|||
User banned
|
So just to sum up
Betting shops bad Online betting good |
||
Reply With Quote |
07-07-2019, 10:56 AM | #23 | ||
|
|||
-
|
All betting bad and addictive .
The ONLY "healthy" gambling I've ever seen is "for interest" e.g. a little £5 football coupon for people who follow the results, or a REASONABLE bet on a sporting event that someone is going to be watching anyway like a football match or tennis game, or small novelty bets like politics / reality TV. If there was a site that only offered those that would be great . Betting where the primary motivation is the excitement of the bet itself is always bad. Always. |
||
Reply With Quote |
07-07-2019, 06:35 PM | #24 | ||
|
|||
Senior Member
|
Quote:
Again, "high staking customers" are not all customers. Last edited by Marsh.; 07-07-2019 at 06:36 PM. |
||
Reply With Quote |
07-07-2019, 06:44 PM | #25 | |||
|
||||
POW! BLAM!
|
I guess that's what happens with too much regulation - industries die.
|
|||
Reply With Quote |
Reply |
|
|