Independent Bookies Feeling the Pinch

[News Hound]

Due to new £2 stake limit on FOBT machines. Full details: Independent Bookmakers Struggling After New FOBT Stake Limit - Casinomeister

 

[snorky510238]

Never mind just think of the millions you made in the good old days. When you were allowed to rip punters off till your heart was content due to lack of regulations regarding these atrocities. Nothing good lasts forever.

 

[shadow123]

They survived before FOBT,s and are still in a better position than when all they had were 78% Awps that no one played.
If some bookies have to close,so be it, they dont contribute to the community in any way

 

[Reelsoffun]

well boo hoo

A 40% drop in revenue is still a sizable profit I bet. Its like making 6k a day profit instead of 10k again boo hoo.

Like others have said no real loss if some have to close, ok a few jobs but no different to any other company having to cut costs.

Those "extra" shops and jobs were only ever there to get round the number of machines allowed so its there own greedy fault.

 

[Playford7]

No sympathy at all and frankly couldn’t care less about any casino.
You reap what you sew and all.

 

[nutnut]

Can we start a go fund me. I'm happy to donate

 

[colinsunderland]

They survived before FOBT,s and are still in a better position than when all they had were 78% Awps that no one played.
If some bookies have to close,so be it, they dont contribute to the community in any way

Not sure thats right.
The big chains weren't on every corner of every street back then, and would rarely open next to an independent.
There was no online gambling then, which has massively killed shops.
Some bookies didn't have AWP's in at all, and those that did, hardly anyone played them anyway, they would be lucky to pay a cleaner out the profits, let alone make any money.

FWIW I've spoke to 2 managers of shops this week about if the stake reduction has affected them and both said no. Both said they would get customers coming in, sticking £20 on one spin, and if it lost walking straight back out the door, but now the same people are coming in, and spending 20-30 minutes on the machines, spending 3-4 times as much as they were before.

Not sure if thats actually the effect the stake reduction was meant to have!

 

[goatwack]

Something tells me that despite these events, bookies will be just fine. Because they don't really have to try and attract customers, the customers flock to them regardless, because of their rancid addiction.

So they'll find other, inventive ways to get the same results. A multi-million pound industry can be quite resourceful when it needs to be

 

[pappadjango]

i live in ireland,work in a book part time in the evening for my mate as cover,some of the guys that come in i know work for my brother.
they stay for the match,i.e champions league whatever,iv seen 100s of lads come in play those stupid machines,lose all the wages(650/700 euro) even by half time!!!! and i can just imagine them going home after they have lost all their wages to it.
its a small enough town but the turnover is crazy,boo hoo the poor bookies,you will never see a poor bookie in your lifetime.

have to work at 9am until 1,i estimate 5k will be lost within that timefrime and 1 lad might come up and cash out 100 profit in that time,what a cancer gambling is!!

 

[colinsunderland]

its a small enough town but the turnover is crazy,boo hoo the poor bookies,you will never see a poor bookie in your lifetime.

I've seen quite a few
Canbet, BetButler, Sunbets, BetBright to name a few.

 

[EkJR]

Think I'm going to well up here....so sad!!!