£1BILLION in one month… what Ladbrokes made from ‘crack cocaine’ machines: Secret document reveals huge profits as Downing Street announces crackdown on terminals
Sounds like a nicely profitable business that, doesn’t it?
Over the last four years, annual player losses from the fixed odds betting terminals (FOBTs) have risen from £1.3billion to around £1.5billion.
Ah, standard bollocks then.
The first number is the turnover of the machines, the second the actual losses to gamblers. Doesn’t do to get confused between the two really.