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Empty House at Scottish toto sgp Halls

Five Scots bingo halls shut as smoking ban drives players out

 

It has emerged that Scottish toto sgp clubs are being forced out of business by the recent smoking ban.

 

As a result of the ban 3 months ago reports show a decrease of up to 27 percent in revenue, with five clubs now having to close their doors.

 

The Bingo Association backed the ban but now industry chiefs are warning more will close and say they want tax breaks to help them keep going.

 

Scotland ‘s biggest independent bingo operator has shut down two halls, in Edinburgh and Dunfermline. The Dunfermline hall, in Fife Leisure Park, only opened a year ago.

 

The Inverness firm, who employ more than 500 people in Scotland, say revenues have plummeted as customers use time between games to go outside for a smoke instead of spending cash in the halls.

 

Managing director Peter Perrins said: “Players arrive late, depart earlier and take any opportunity to exit the building in pursuit of their nicotine fix.

 

“Tabletop bingo and gaming machines form a significant part of the business and these have begun hemorrhaging money.”

 

Another operator has now closed their bingo halls in Stirlingshire, Fife and Lanark.

 

Operations manager Mike Lowe said: “Within four weeks of the ban being introduced, it was apparent business would be devastated and extreme measures would need to be taken.

 

“I have recorded as many as 47 per cent of players …

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Central banks cannot allow cryptocurrencies to develop – says the head of BIS

 

According to Agustin Carstens, head of the Bank for International Settlements (BIS), central banks cannot give up their role as guardians of the global financial system in favor of private cryptocurrencies.

In a speech at Princeton University, Carstens argued that private cryptocurrencies should not replace central banks. According to Bloomberg, the head of BIS compared digital currency projects to “shiny skyscrapers,” while calling central banks “trust providers for global financial infrastructure.”

While commentators such as Carstens stick to the narrative that is based on the supremacy of central banks – a system that allows 1.7 billion adults to remain out of the banking system, Bitcoin continues to get more financial adoption. The main cryptocurrency currently processes transactions worth USD 1 to 3 billion per day.

AntiCrypto

The head of BIS, like many other experts from the banking market, is not a fan of cryptocurrencies. At the beginning of his term, he also called on regulatory authorities to introduce stricter rules regarding the digital currency market.

He has now stated that central banks need digital bitcoin dice. Maybe he is changing his belief about cryptocurrencies or just admitting his ignorance. After all, Facebook Libra can see the light of day in 2020 and the emission of the digital yuan may also pose a threat to the USA.

The head of BIS only notes:

“We have a responsibility to be at the cutting edge of the debate. There is really no choice but to do so, as otherwise, events will …