Maximum stake on fixed-odds betting terminals could be reduced to £2

Maximum stake on fixed-odds betting terminals could be reduced to £2”

Bookmakers' profits could be set to take a massive hit as the government unveils plans to reduce the maximum stake on fixed-odds betting terminals (FOBTs) from £100 to between £2 and £50.

But bookmakers, whose £1.8bn income from the machines accounted for more than half of their revenues previous year, have played down links to problem gambling and are expected to lobby heavily against their nightmare scenario, a cut to £2.

The Association of British Bookmakers said moves to restrict FBOT's would cost the industry 20,000 jobs, Treasury's income from machine gaming duty was worth more than £700m past year.

Citing social responsibility concerns, the Government has given several proposals for the new staking level - £50/£30/£20 and £2 - and is now seeking views from stakeholders as to what would be a reasonable level.

He added that a cut in stakes to, say, £20 would not be enough, given the political support behind a £2 limit.

DCMS has asked for the assistance of the UK Gambling Commission (UKGC) on machine customer protections with regards to better tracking and monitoring of play on FOBTs, securing "player interventions" and reviewing gameplay dynamics. Given more than half of the profits from United Kingdom betting shops are derived from FOBTs, the outcome will have a profound effect on the British gambling landscape.

William Hill said that it was pleased that the government recognised the industry's contribution to the wider economy.

Crouch said stake reduction was meant to "reduce the potential for large session losses and therefore to the potentially harmful impact on the player and their wider communities".

It will include TV adverts, including around live sport, as well as radio, cinema, online and print. The campaign will be funded by gambling operators, including online-only betting firms, with airspace and digital media provided by broadcasters.

Raising standards of player protection for online gambling, a responsible gambling campaign and new advertising guidelines are among a raft of suggestions created to help minimise the risk to vulnerable people and children.

All UK licensed gambling operators should step up on funding for research, education and treatment.

"It is vital that we strike the right balance between socially responsible growth and protecting the most vulnerable, including children, from gambling-related harm".

More needs to be done to introduce regulations on fixed odds betting terminals and also online gambling.

The consultation said: "We think that the weight of evidence justifies government action on B2 machines, but we acknowledge that there is limited evidence to inform exactly at what level the revised maximum stake should be".

"In the meantime, we are strengthening existing protections relating to online gambling and outlining a package of measures on gambling advertising to minimise the risk to the most vulnerable".

Like this



31 October 2017
MG to offer seven-year warranty on new ZS SUV
Completely transferable to any new owner, it nearly matches Kia's fully transferable seven-year/100,000 mile warranty. About The Author Andrew Charman is a freelance motoring journalist with over 30 years' experience.

31 October 2017
14-year-old archer's throat pierced by arrow
Goindi said that this would not happen again. "Strangely she was around the target when shooting was going on". She said to be a promising recurve archer.

31 October 2017
Pregnant woman dies during police raid
Ruchi was kicked in the stomach claimed a woman. "Three people were arrested and taken to the police station". On Sunday, the police had conducted a raid searching illicit liquor after getting a tip-off.

31 October 2017
SSC CGL 2017 Tier 1 results out: Check it here
The commission had received over 30.26 lakh applications and conducted the examinations for 43 batches between August 5 and 24. The Tier-I exam is computer-based and carries 100 questions of total 200 marks and candidates have to complete it in one hour.

31 October 2017
Mogadishu auto bomb, hotel siege leave 23 dead in Somalia
A reported 23 people are dead in the wake of a terrorist attack carried out in Somalia's capital over the weekend. USA military officials reiterated that the Somalian forces are not ready to take charge of the country.

31 October 2017
Chelsea to offer Cesc Fabregas new deal amid Manchester United transfer interest
Manchester United 's interest in Cesc Fabregas will hurry Chelsea into offering the midfielder a new contract, say reports. Mourinho has ear marked Fabregas as an alternative to Mesut Ozil should he miss out on the Arsenal midfielder next summer.

31 October 2017
National Football League official: 'Ambition' to get Packers playing in London in 2018
It's possible the opponent would be the Los Angeles Rams, who are committed to playing one game in London each year until 2019. The UK and Irish Packers fan group has thousands of members, and they take a trip to Green Bay every year.

31 October 2017
Gordon Brown: Rogue bankers should be jailed
The book details the time he, along with his chancellor Alistair Darling, arranged a rescue package for some United Kingdom banks. The year 2009 "has proved to be the turning point at which history failed to turn", he said.

31 October 2017
Checking the Numbers for Europa Oil & Gas [Holdings] Plc (EOG.L)
The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.05. At the time of writing, Incremental Oil And Gas Limited (IOG.AX) has a 14-day Commodity Channel Index (CCI) of -74.91.

31 October 2017
Strs Ohio Increases Stake in Healthcare Realty Trust Incorporated (HR)
Another key indicator that can help investors determine if a stock might be a quality investment is the Return on Equity or ROE. Another ratio we can look at is the Return on Invested Capital or more commonly referred to as ROIC. (NYSE:DLR) now has a Q.i.