Poisoning the well: how FOBTs turned gambling toxic
A missed opportunity – Tom Kerr with the first in a two-part examination
In 2011 a collection of senior executives from the gambling industry gathered in a dining room at Mark's Club, an exclusive Mayfair private members' club, to discuss what some believed was a gathering crisis for the betting industry.
After a decade of liberalisation and growth, some saw storm clouds in the distance. Profits had never been higher, sent soaring ever upwards by football betting, online and especially fixed-odds betting terminals, but booming revenues had come at a cost: as gambling proliferated, so too had an understanding of the human cost it could exact on those who could not control their betting.
The proposal laid out over dinner that evening at Mark's Club was not revolutionary, yet it may have changed the course of betting industry history. It called for gambling companies to unite around a campaign that emphasised the individual's right to bet and a commitment to social responsibility.
Read the full story
Read award-winning journalism from the best writers in racing, with exclusive news, interviews, columns, investigations, stable tours and subscriber-only emails.
Subscribe to unlock
- Racing Post digital newspaper (worth over £100 per month)
- Award-winning journalism from the best writers in racing
- Expert tips from the likes of Tom Segal and Paul Kealy
- Replays and results analysis from all UK and Irish racecourses
- Form study tools including the Pro Card and Horse Tracker
- Extensive archive of statistics covering horses, trainers, jockeys, owners, pedigree and sales data
Already a subscriber?Log in
Published on inHorse racing tips
Last updated
- Paddy Power Gold Cup betting offer: bet £10 and get £60 in free bets
- Paul Kealy's play of the day at Cheltenham
- The Punt Acca: Robbie Wilders' three horse racing tips at Exeter and Dundalk on Friday
- Paul Kealy's play of the day at Uttoxeter
- The Punt Acca: Stuart Langley's three horse racing tips at Leicester, Market Rasen and Yarmouth on Tuesday
- Paddy Power Gold Cup betting offer: bet £10 and get £60 in free bets
- Paul Kealy's play of the day at Cheltenham
- The Punt Acca: Robbie Wilders' three horse racing tips at Exeter and Dundalk on Friday
- Paul Kealy's play of the day at Uttoxeter
- The Punt Acca: Stuart Langley's three horse racing tips at Leicester, Market Rasen and Yarmouth on Tuesday