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UK Bookmaker Campaign Backfires

8 April 2004

UNITED KINGDOM – As reported by the UK Telegraph: "An unprecedented lobbying campaign waged by big bookmakers in favour of regulating users of betting exchanges backfired yesterday when the chairman of a key parliamentary committee said any changes should also apply to betting shop and on-course punters.

"The unexpected declaration by John Greenway, the Conservative chairman of the committee which has been studying the Government's draft Gambling Bill, could mean the likes of Ladbrokes, Hill's and Coral's will have to identify, name and report big punters to a proposed Gambling Commission.

"Such a move would have a dramatic impact on the High Street, where few questions are asked when anonymous punters place big cash bets.

"…The success of betting exchanges has infuriated big bookmakers and they have gone to unusual lengths to persuade MPs and peers on Greenway's committee to recommend that exchange punters should be regulated…"

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