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 1 
 on: Today at 03:40:22 PM 
Started by Anonamouse - Last post by Anonamouse
Clubs still milking millions from jackpot cash cows

Tiong Bahru Football Clubhouse, for example, generated S$36.8m in revenue last FY

BT_20170424_UWJACKPOT24_2852563.jpg
Singapore

IT IS a quiet Saturday afternoon and the Automobile Association of Singapore's office at Kallang Bahru, just adjacent to the Jalan Besar Town Council, is already closed for the day.

But it's bustling inside a room on the ground floor of the building. Not only is the AA Winners' Club open for business on weekends, it's open 365 days a year from morning to night, even on public holidays.

Inside the hall are about 30 colourful slot machines, with half occupied by people - who look to be at least in their 40s or 50s - keen to try their luck in winning jackpots that are worth hundreds or even thousands of dollars.

The machines have bright lights, addictive tunes and fancy names such as Break The Bank, Fortune Meow and Grand Pharoah.

SEE ALSO: Japan looks to curb 23.3t yen spent on pachinko gambling
It might cost as little as 25 or 50 cents per spin, but those who crave bigger thrills can wager up to S$30 with each press of the button.

The jackpot operations of social clubs have been in the news lately after it was reported that the Tiong Bahru Football Clubhouse, at the basement of People's Park Centre in Chinatown, generated an eye-popping S$36.8 million in revenue from its 29 slot machines in the last financial year.

That works out to roughly S$1.27 million for each machine, or just over S$100,000 per machine each month. The club paid out about S$23 million to punters in 2016, according to its annual report submitted to the Football Association of Singapore.

There are many social clubs that have jackpot rooms all over Singapore. For instance, AA has another Winners' Club, also with around 30-odd machines, at its branch in Ang Mo Kio. The National University of Singapore Society (NUSS) has slot machines at its Kent Ridge and Suntec City locations, and it used to have a small number of machines at its now-closed Bukit Timah Guild House.

The Singapore Recreation Club has a room, called The Oasis, with 30 machines. Many golf and country clubs, including Keppel Club and Singapore Island Country Club, also have jackpot rooms of different sizes.

When integrated resorts Marina Bay Sands (MBS) and Resorts World Sentosa (RWS) opened their flashy casinos to much fanfare seven years ago, many thought that it would mark the downfall of the much smaller jackpot operations at social clubs. This has occurred to some extent.

The Chinese Swimming Club, for example, reported that its takings from jackpot machines dipped to S$2.47 million in 2016, from S$3.15 million in 2015.

The Singapore Cricket Club's takings from these so-called fruit machines fell to S$124,850 in 2016, from S$175,840 the year before.

Singapore Polo Club president Rickard Hogberg, writing in his club's annual report for 2016, stressed the need to "move away from our dependence" on jackpot machine earnings, and to create alternative pillars of income. The club saw a steep decline from S$1.1 million in 2015 to S$730,000 last year, a 35 per cent fall.

But the downward trend isn't across the board. According to AA's website, its income from the net takings of slot machines amounted to S$4.27 million in 2015. It was S$3.39 million in the previous year.

NUSS said its income from the machines went up by 4 per cent to S$1.91 million in 2015, with the Kent Ridge Guild House contributing the bulk of the revenue.

A 67-year-old retiree, who wanted to be known only as Mr Yeo, said he frequents a jackpot room near his home in Balestier for two reasons: It is convenient, and he doesn't have to fork out the S$100 entry levy imposed at MBS or RWS casinos.

"It's a relaxing place to spend a few hours with my friends. We know all the staff there, and there's a fun atmosphere. We also get free food and drinks as we play, so what's not to like?" he explained.

CIMB economist Song Seng Wun made the point that slot machines have been around in Singapore for decades, and gambling is an activity that is "second nature" to many people here.

"We continue to see slot machines, there are casinos, horse races and betting shops - all these continue to be a very strong source of revenue for the government. There was S$2.7 billion in tax collection for betting duties in 2016," he said.

Chew Soo Hong, from the National University of Singapore's Department of Economics, said that while many people see slot machines as a form of entertainment, the more pressing issue is it's also a form of gambling, which brings about the problem of addiction.

"To what extent are the clubs proximate to the kind of gambling that we need to worry about?" Prof Chew asked The Business Times in a phone interview.

"There is that flavour of a loophole, that a club or association may end up making slot machines its primary generator of revenue. Even if it was not planned, there is the potential for that to happen."


http://www.businesstimes.com.sg/government-economy/clubs-still-milking-millions-from-jackpot-cash-cows

 2 
 on: Today at 03:18:22 PM 
Started by Anonamouse - Last post by Anonamouse
Corby bookies robbed by man wearing motorcycle helmet

14:52 Monday 24 April 2017
Police news
Police news
A bookmakers in Corby was robbed by a man who stole cash before making off as a pillion passenger on a motorbike.


The incident took place at the Coral bookmakers in Studfall Avenue on Sunday, April 9, between 9.30am and 9.55am. Police have just released details of the robbery.

A member of staff opened the fire exit and took out rubbish.

A few minutes after coming back in, he noticed a man wearing a motorcycle helmet at the back of the shop.

The man approached the staff member, pushed him and made several demands for money.

He then removed cash from the till and left the shop, making off as a pillion passenger on a motorbike.

The other person on the motorbike did not come into the store.

The suspect is described as being about 5ft 10in and was wearing a black motorcycle helmet, a dark blue hooded jacket and Adidas tracksuit bottoms.

Witnesses, or anyone who may have seen the motorcycle in the area around the time of the robbery, are asked to contact police on 101 or Crimestoppers on 0800 555111.

http://www.northantstelegraph.co.uk/news/corby-bookies-robbed-by-man-wearing-motorcycle-helmet-1-7930173

 3 
 on: Today at 11:18:16 AM 
Started by Anonamouse - Last post by Anonamouse
Gambler went 'out of his mind' and smashed betting shop TVs

April 24 2017 2:30 AM
(stock photo)
(stock photo)
A gambling addict who went "out of his mind" after losing threatened betting shop staff and smashed TVs.

Warren Burke (39) "exploded" with anger and caused €2,500 worth of damage when he threw stools at TV screens and a betting machine, Dublin District Court was told.

He also frightened staff by climbing on a counter and warning he would be "waiting for them".

Judge Michael Walsh adjourned the case for a pre-sentence probation report.

Burke, of Mercer Street, Dublin 2, admitted criminal damage, public drunkenness and threatening, abusive and insulting behaviour.

The court heard there were four separate incidents.

The father-of-three was gambling at the Ladbrokes shop on Camden Street last May when he picked up a stool and threw it at a betting machine, causing €1,000 worth of damage.

A month later, he returned to the same shop and pulled a 42-inch flat-screen TV off the wall.

This destroyed the TV and part of the cabling, causing €1,090 worth of damage.

Panic

In August, he was in another Ladbrokes shop when he picked up a stool and threw it at two TVs, causing €400 worth of damage.

In January, Burke went to Paddy Power on Wexford Street and attempted to place a €200 bet on a race. When told he was too late because the race had already started, he became extremely abusive and threatened staff, saying he would be "waiting for them after the shop closed".

He picked up a stool and held it over his head as he approached the glass partition.

Two staff members thought he was going to break it and activated the panic alarm.

Gardai arrived to find customers hurrying out of the shop.

Inside, Burke, who appeared very angry and intoxicated, was standing on the cashier's desk, shouting at frightened staff.

Burke did no harm to anyone, his barrister said. He had a gambling debt and had been trying to win back the money.

When he failed, he put more pressure on himself and "exploded into moments of bad temper".

Last year was a "blur" for him and he was "out of his mind" at the time of the incidents, said his barrister.

Burke had no previous convictions.


http://m.herald.ie/news/courts/gambler-went-out-of-his-mind-and-smashed-betting-shop-tvs-35646547.html

 4 
 on: Today at 08:23:25 AM 
Started by Anonamouse - Last post by DaftDave
Quote
robbed a bookies of £120..... no previous convictions


Quote
jailed for two years


Quote
£140,000 cash dissipated over two years on alcoholism and gambling

Not even a sniff of a charge for being robbed of over 1,000 times the amount



 5 
 on: April 23, 2017, 10:05:14 PM 
Started by Anonamouse - Last post by Anonamouse
This is what they make you give



‘I accept I made a mistake’: Debt-ridden from gambling, man pleads with PM for help

Video of a man seeking help from the Prime Minister Narendra Modi, saying that he has been threatened for not paying the bookies after losing money in cricket betting, has prompted Rajkot police to take action.

Deepak Dhanani, the man in the video, apparently recorded it on his mobile phone. Bookies and some criminals are threatening to kill him, he says in the video.

Dhanani himself has gone missing after the video went viral.

“Namaste Narendra Modi saheb, namaste Rajkot city police commissioner saheb. My name is Deepak Jamnadas Dhanani. Bookies and criminals from Rajkot and other cities are threatening to kill me. I am in great trouble,” the video shows him saying.

“I accept I have committed a big mistake. I have paid these people whatever I had made by betting on cricket and MCX and even sold my house for that. And now I have nothing left. Despite this these people visit my house and threaten to kill my father and mother.

“These are all criminal elements, including one from Ahmedabad whose name is....I have lost a huge amount. But have already paid Rs 5-7 crore, and I have to pay Rs 1.70 crore more but I am left with no money to give him,” he says.
Police said they had provided protection to the family. Inspector RR Solanki of Malviyanagar police station in Rajkot said that further action can be taken only after FIR is registered.

“Dhanani is a bookie, who was arrested in the past in connection with betting on cricket matches. We can take action against the persons he is talking about only after FIR is registered; but we are unable to trace him or his father. His mother says she knows nothing,” inspector Solanki said.

“We have deployed policemen at his house to give protection,” he added.


http://m.hindustantimes.com/india-news/i-accept-i-made-a-mistake-debt-ridden-from-gambling-man-pleads-with-pm-for-help/story-ebdDTrchdoRSLCmVpYBzqM.html

 6 
 on: April 23, 2017, 12:08:27 PM 
Started by Anonamouse - Last post by Gamblersaloud
Just shows what a filthy septic industry the gambling industry. If you are one of the one in a million who could make a bit of money out of it, the bastards then shut your account down and don't even let you withdraw your winnings. So hope things go from bad to worse for this filth.

 7 
 on: April 22, 2017, 08:40:16 AM 
Started by Anonamouse - Last post by Anonamouse
Bookmaker Bet365 admits mistake in wrangle over £54,000 account

Greg WoodLast modified on Friday 21 April 2017 22.37 BST
 The company threatened to levy the recurring fee on the account unless the customer withdrew the account balance – despite the fact that she was barred from doing so.
The company threatened to levy the recurring fee on the account unless the customer withdrew the account balance – despite the fact that she was barred from doing so. Photograph: Alan Crowhurst/Getty Images
The leading internet bookmaker Bet365, which has been refusing to allow one of its customers to withdraw a £54,000 balance for the last 12 months, admitted on Friday that it had acted in error when it warned the punter involved that it could levy a 5% “administration fee” on the account every 28 days until “the balance reaches zero”, under the firm’s policy on so-called “dormant” accounts.

The customer involved in the case, whose identity is known to the Guardian, was also informed by email that she could avoid a charge of about £2,700 on or around 14 May by logging into the account and withdrawing the balance – a course of action which Bet365 still refuses to allow.

The dispute between Bet365 and the customer dates back to April last year, when her account and the £54,000 balance were frozen by the bookmaker after a series of successful bets on horse racing. The customer was also informed that in future she would be restricted to a maximum bet of £1.

She then requested a transfer of her balance back to her debit card, without success. Several months later, following a series of requests for the transfer of the £54,000 balance, she lodged a complaint with the Independent Betting Adjudication Service (IBAS), which has been considering the case since November and is expected to deliver a ruling within a month.

Exactly a year after the account was frozen, it triggered Bet365’s procedures for dormant accounts, and the customer received an automatically generated email with the subject line “Your Account Balance”. This informed her that in accordance with the company’s terms and conditions, an “ongoing administration fee” of 5% would now be levied on the balance every 28 days. The email added: “To avoid this fee simply log back into your account and withdraw your full balance.”

When contacted by the Guardian on Friday for comment, Bet365 said in a statement issued by its legal department that the company “strongly refutes the customer’s allegations and considers them unfounded”, adding that it will abide by the decision of IBAS in the case when it issues its ruling.

Bet365 also sent an email to the customer involved on Friday, in which a member of the company’s customer services team confirmed that its email regarding possible charges on the account had been “submitted in error”. The email added that “while we are still awaiting for you to sign and return the letter which we have submitted to you, your account will not be subject to any form of administration fee”.

The “letter” referred to in the email is understood to be a request for the customer to agree to new terms and conditions on the account, which the customer is refusing to sign while her £54,000, including winnings from bets placed and accepted under earlier terms, remains frozen.

IBAS’s long-delayed ruling on the case will be awaited with considerable interest, not just by the parties directly concerned but also by the gambling industry as a whole. It is unusual for IBAS to agree to adjudicate in a case where there is no substantial dispute about the placing of the bets involved or the results of the races concerned. Should IBAS find in favour of the punter, it would be seen as a landmark decision by campaigners for increased protection for customers from potentially unfair terms and conditions imposed by gambling operators.

Bet365’s “error” in activating its dormant account procedures also highlights a practice that is commonplace across the industry. Individual companies are allowed to impose such rules as they see fit when accounts become dormant, and the administration fees charged on dormant accounts, and the amount of time that an account must be unused before it is declared dormant, vary widely from one bookmaker to another.

“The fee on this balance would have been about £2,700 for the first month,” Paul Fairhead, who campaigns on issues related to fairness for punters via the Twitter account @BoycottBetFred, said on Friday. “Bet365 have acknowledged an error in this case but it would be almost impossible to justify taking that kind of figure from someone’s account and there surely has to be a maximum fee.

“This is an error as the account is subject to an IBAS investigation, but in the case of someone who is deceased, for example, contact details for that customer may not extend to next of kin and the executors of wills and so on. Presumably a gambling firm then has licence to retain that money after a number of months.

https://www.theguardian.com/sport/2017/apr/21/bet365-admits-error-frozen-account?CMP=Share_iOSApp_Other

 8 
 on: April 22, 2017, 05:39:11 AM 
Started by Anonamouse - Last post by Anonamouse
Gambler jailed after committing robbery at Burslem's Coral branch


David Riley targeted Coral in Burslem where he ordered a worker to give him cash

Alcoholic gambler David Riley has been jailed after he robbed a bookies of £120.

The 64-year-old – who has no previous convictions – walked into Coral Bookmakers in Waterloo Road, Burslem, with a knife and placed a bag on the counter.


He told the lone assistant to put change in the bag. The victim asked, 'Are you robbing me?' and the defendant said, 'Yeah, give me the money out the till'.

The assistant confirmed with the defendant that he was sure he wanted to go ahead with the robbery, which occurred in the middle of the day, before handing over £120.

But Riley was quickly identified after his face, taken from the shop's CCTV, was published in The Sentinel.


Now the defendant has been jailed for two years and two months at Stoke-on-Trent Crown Court.

Prosecutor Joanne Barker said Robert Dutton was working alone at Coral Bookmakers in Waterloo Road, Burslem, when the defendant walked in just before noon on February 13.

Miss Barker said: “The defendant approached the counter and put a plastic bag on it. He passed it to Mr Dutton and told him, 'Put change in this'. He believed the defendant wanted change for a gaming machine. He said, 'Change for what'?

“The defendant said, 'Change, money'.

“Mr Dutton realised he had a knife in his other hand with a six or seven inch blade. Fearing that the defendant was going to use the knife the victim asked, 'Are you robbing me?'


“The defendant said, 'Yeah, give me the money out the till'.

“Mr Dutton pressed the alarm and removed £120 in notes. He asked the defendant if he was sure that was what he wanted to do. The defendant said, 'Yes', and he handed it over.

“The defendant told him to make sure the door was open."

CCTV of Riley's face was later published in The Sentinel and he was identified.

The defendant, of Leonard Street, Burslem, pleaded guilty to robbery and having a knife in public.


Andrew Turnock, mitigating, said the defendant's wife died in 2013 which led to him gambling and becoming an alcoholic. Mr Turnock said: “£140,000 cash dissipated over two years on alcoholism and gambling. This offence was born out of financial desperation."

Jailing Riley, Recorder Andrew Easteal said: “You are 64 and have never been in trouble in your life. To say this is out of character really does not put it strongly enough. It must have been a shock to those who know and love you to discover what you had done.

“It is desperately sad, if not tragic, to see a man of your age before the court having committed this offence.

“But you must understand there are a great many people who suffer all manner of traumas who do not resort to walking into a bookmakers with a knife. You did."


http://www.stokesentinel.co.uk/alcoholic-jailed-after-robbing-burslem-bookies-of-120/story-30285684-detail/story.html

 9 
 on: April 21, 2017, 08:27:54 PM 
Started by Anonamouse - Last post by Anonamouse
Camden Town owner bought out by gambling billionaire founder

The owner of Camden Market in London, Market Tech Holdings, has agreed to be taken over by Israeli billionaire Teddy Sagi's LabTech Investments for almost £900m, with the shares down 35% since floating two and a half years ago.

Market Tech, which was founded by Sagi and is 71% owned by his LabTech vehicle, has agreed to a cash offer where shareholders will receive 188p in cash per share.

Sagi, who also owns FTSE 250-listed gambling software Playtech, floated Market Tech on AIM in 2014 at a price of 220p per share.

Since arriving in its initial public offer with 11 acres of Camden real estate, the 45-year-old has since grown this to 16 acres across Camden, including the Stables Market, Union Street Market, Camden Lock Market, the Camden Lock Village, plus property assets on Camden High Street, Kentish Town Road, Primrose Hill and Chalk Farm.

LabTech said it was taking Market Tech private as the fall in the share price to a material and persistent discount to NAV was making accessing capital more expensive for the company and restricted its ability to expand.

One of the factors weighing in the shares, Sagi's press release admitted, was the unusual mix of real estate and technology assets within Market Tech, while macro events and the wider performance of UK real estate shares had both weighed of late.

"Independently from Market Tech, LabTech has continued to invest in central London real estate assets, outside of the Market Tech Camden Town estate, and further develop its own global co-working offering. The board of LabTech believes that these interests are now best combined with Market Tech."

The offer therefore offers shareholders an opportunity for some cash liquidity in a short timeframe, even though this was 35% less than any investors from the time of the IPO.

https://www.digitallook.com/news/aim-bulletin/camden-town-owner-bought-out-by-gambling-billionaire-founder--2633370.html

 10 
 on: April 21, 2017, 06:20:29 AM 
Started by aidan - Last post by DaftDave
Quote
Bookmakers have argued that the government stands to lose up to £250m per year

Not much, but even less when you consider how much is spent on court cases, custodial sentences, probation etc.  Not to mention the damage to innocent victims of fraud who find their money has been put in these machines.

Almost makes the case for banning them completely.

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