Gambling Reform and Society Perception (GRASP) Forum
October 20, 2014, 12:18:26 PM *
Welcome, Guest. Please login or register.

Login with username, password and session length
News: To enjoy full access and sections of the GRASP Forum, please complete the simple registration procedure
 
   Home   Help Login Register  
Pages: [1]
  Print  
Author Topic: Ladbrokes FOBT  (Read 224 times)
Smokey
Administrator
Hero Member
*
Posts: 4649



« on: March 02, 2012, 01:19:53 AM »

In 2011 their machines made a profit of £361 million.

Give or take that's £1 million a day.

Or another way to look at it is that every man, woman & child in Great Britain lost £6 in an FOBT in Ladbrokes in 2011.

Mind boggling. That's just Ladbrokes.
Logged
Terry D@ctyl
Jr. Member
**
Posts: 83


« Reply #1 on: March 02, 2012, 03:04:27 AM »

Ive got a cure for FOBTS:


Superglue    Tongue
Logged
Seanostars
GRASP Member
Hero Member
*
Posts: 697



« Reply #2 on: March 02, 2012, 08:40:22 AM »

http://www.theglobaldraw.com/news/GD_news39.html

Huge increase in Ladbrokes machine profits since this link up......tells you everything you need to know on lots of levels.Much as i try i just can't find anything that is truly open,honest and impartial on the net regarding the business arrangements between Scientific games and the big bookmakers.
My assumption is that the FOBTs are rented and come with a service package etc?.........just on that assumption alone the 3% profit on turnover they harp on about just doesn't stack up?.....the bookies make huge profits on them......Scientific games make huge profits too.
In truth the whole thing is shrouded in secrecy,i can't even find out what company does the auditing and accounts for the machines,i have a suspicion though that it may be the worlds largest accountancy firm,(who happen to be a stakeholder in scientific games).
 Seano.
Logged
Gamblersaloud
Administrator
Hero Member
*
Posts: 2351


WWW
« Reply #3 on: March 02, 2012, 08:48:38 AM »

Good stuff Seano

Albert
Can you help at all mate (!!!! Wink
Logged

Phil Mawer
Author "Overcoming Gambling"
Founder Gamblersaloud
www.gamblersaloud.com
RichB
Guest
« Reply #4 on: March 02, 2012, 11:30:48 AM »

Your have to excuse me as I have never seen a FOBT let alone played one but from my Fruit Machine days they always had to have a minimum payout amount shown on the machine. Do FOBT's have the same thing ?

If they do you can do some nice sums to workout how much had to be put in the machines to get the profit given.

Nothing seems to be changing as far as the numbers we still see in GA however. Most bookmaker guys will now say FOBT's are the issue but we dont see any more people than we did before FOBT's came along.
Logged
Smokey
Administrator
Hero Member
*
Posts: 4649



« Reply #5 on: March 02, 2012, 11:41:45 AM »

No Richb re Fruities. Although global draw won't tell you the source code or if it's an RNG or a pseudo RNG, you're led to believe that it's so random you could win on every spin.

Seano I'm pretty sure I've read that Global draw get a percentage of profit from the machines. Would explain their huge profits.



Logged
Smokey
Administrator
Hero Member
*
Posts: 4649



« Reply #6 on: March 02, 2012, 11:55:08 AM »

From SG's accounts which suggest they have a huge interest in creating profitable source codes.

Gaming revenue was $44.4 million in the fourth quarter of 2011 compared to $24.7 million in the fourth quarter of 2010. This 80% increase in revenue was driven by the acquisition of Barcrest ($11.5 million), a 40% year-over-year increase in Global Draw’s and Games Media’s installed base of server-based gaming terminals and an 8.3% year-over-year increase in Global Draw’s gross win per machine per day.

Logged
Seanostars
GRASP Member
Hero Member
*
Posts: 697



« Reply #7 on: March 02, 2012, 12:36:27 PM »

 As i said in my earlier post the numbers just wont stack up whichever way you try to look at them (given the secrecy these operators and clients use)....if the payout % was 3% (for roulette) then the bookies and scientific games would be operating at a loss (after the cost base),so it's clearly not true.
 Regarding Rich's comment about the numbers being roughly the same in GA from bookie punters (but with fobt problems these days) that proves only one thing (in my opinion) and that is that the "gamcare" stickers on the machines are doing what they are designed for,to capture and contain problem gamblers within the industry containment"system" of that i have no doubt.
Seano.
Logged
Smokey
Administrator
Hero Member
*
Posts: 4649



« Reply #8 on: March 02, 2012, 01:31:36 PM »

I've written to the Gambling Commission for answers, Seano. It would seem after the commission have taken the machine apart at a test centre, they are Licensed and are fit to do as they please. The commission state that the software companies policies and internal controls are audited and regulated. I've asked for confirmation of who does this and where are they based. I'm 100% certain that all auditing is done in Europe and the commission take their word for it instead of regulating their own patch.

As far as I can see there is nothing in place to stop a bookie ripping the back out and installing a whole new software programme. An extreme scenario but the point is that it would never be picked up if the above scenario takes place.
Logged
albert
Guest
« Reply #9 on: March 02, 2012, 07:24:47 PM »

http://www.llg.co.uk/about.htm

Hills use this company
all i do know is there is a 2 hour call out for all machine faults / breakdowns
someone somewhere knows for example if a particular machine has had no coins put in it for a period of time, they know when you open them when you close them , and each machine is logged off each evening.
We often joke that if a machine develops a fault that it will be fixed before you put the phone down !!!!
Logged
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.18 | SMF © 2006-2008, Simple Machines Valid XHTML 1.0! Valid CSS!