Bookies brace for big hit as Government caps FOBT stakes at £2

Bookies brace for big hit as Government caps FOBT stakes at £2

Bookies brace for big hit as Government caps FOBT stakes at £2

The biggest wager for popular fixed-odds betting terminals (FOBTs), which allow gamblers to bet every 20 seconds, will be cut sharply from the current level of £100, the department for digital, culture, media and sport said in a statement. "Of course, there is more work to be done, but the Government has made the right decision".

The move by Westminster follows a lengthy consultation about the machines - branded the "crack cocaine of gambling" by critics.

The British government has today announced that it is restricting the maximum stake on a type of electronic gambling terminal to just £2.

Following analysis of consultation responses and advice from the Gambling Commission, the government said it believes a cut to £2 will best achieve this.

RSPH chief executive Shirley Cramer said: "Fixed Odd Betting Machines have blighted communities and caused untold damage to the public's health, increasing the risk of debt, poor mental health, breakdown of personal relationships and suicide".

More news: Accessible Xbox One controller confirmed, available this year

In February previous year, the C of E's General Synod passed a resolution which began by recognition of "the destructive impact which accessible, high-stake machine gambling can have on families and whole communities and the widespread public concern about the very large amounts being wagered at fixed odds betting terminals located in high street betting shops".

Sports Minister Tracey Crouch said that a high number of people seeking treatment for addiction say FOBTs are "their main form of gambling".

They warned that it could cost thousands of jobs and lose the Treasury £1.1billion over three years.

Now punters can place bets of up to £100 every 20 seconds on electronic casino games, which critics say is a spur to problem gambling. "We're going to work with the industry to make sure that that's implemented effectively".

Bookmaker William Hill said it will see a reduction in total gaming net revenue of 35%-45% following the move.

More news: Ag teacher allegedly drowns raccoons in front of students

The Bishop of St Albans, Alan Smith, today welcomed the Government's announcement.

As part of the wider review, the government has also announced a series of other measures it said will help to protect punters, with the Gambling Commission charged with bolster protections around iigaming, including stronger age verification rules and proposals to require operators to set limits on consumers spending until affordability checks have been conducted.

A major multi-million pound advertising campaign promoting responsible gambling, supported by industry and GambleAware, will be launched later this year.

"It is also welcome to see that Public Health England will be looking into gambling related harm which simply doesn't have the support it now needs".

- A review of age limits for National Lottery games at the time of the next licence competition.

More news: Tencent Sees Profit Increase of 61% Thanks to Games Business

Recommended News

  • Lewis Hamilton 'close' to new deal with Mercedes

    Lewis Hamilton 'close' to new deal with Mercedes

    Nicolas Latifi was the other driver on Pirelli duty, getting his second consecutive day in the Force India as a result. Secondly, we struggled with the tyres.
    Macy's Soars on Sales, Earnings Beat

    Macy's Soars on Sales, Earnings Beat

    For the full year, Macy's expects earnings per share of between $3.75 and $3.95, $0.20 higher than its previous forecast. The firm had revenue of $8.67 billion for the quarter, compared to analysts' expectations of $8.70 billion.
    Ford Restarts F-150 Production

    Ford Restarts F-150 Production

    A May 2 fire severely damaged the main plant at the Meridian Magnesium Products of America factory in Eaton Rapids. Production of the Expedition and Navigator SUVs continues without interruption at Louisville, Ford said.
  • VK Singh holds talks in North Korea, first trip in 20 years

    VK Singh holds talks in North Korea, first trip in 20 years

    The two leaders also agreed on enhancing people-to-people relations in the field of education and culture. Singh already began a crucial two-day visit to North Korea on Tuesday.
    European Union  and Iran to keep nuclear deal in place

    European Union and Iran to keep nuclear deal in place

    One of the first effects will be a rise in oil prices which has already reached $77 a barrel and is forecast to rise higher. European officials have said they are looking for ways to help their companies escape the brunt of the USA sanctions.
    Christina Aguilera Just Addressed Collaborator Kanye West's Controversial Comments

    Christina Aguilera Just Addressed Collaborator Kanye West's Controversial Comments

    In an interview with Billboard published on the same day " Accelerate " dropped, Aguilera opened up about her collab with Lovato. " Fall In Line " is taken from Christina's forthcoming album, Liberation . "I hope you love this song as much as I do".
  • Golf Program Receives Academic Honor

    Golf Program Receives Academic Honor

    The aggregate 2016-17 Academic Progress Rate data for all NCAA Division I institutions will be announced later this month. In addition to women's golf , gymnastics and women's tennis four other programs have previously been recognized.
    Four Year Decline In Beach Awards For The Isle Of Wight

    Four Year Decline In Beach Awards For The Isle Of Wight

    Seaside Awards are handed out by Keep Britain Tidy , to beaches that "meet the highest standards for cleanliness and facilities". The award looks at the water quality, facilities, beach safety, environmental education and management of the beaches.
    Tennis player smashes racket against umpire's chair in post-match tantrum

    Tennis player smashes racket against umpire's chair in post-match tantrum

    Karolina Pliskova is now the world number six in the women's singles rankings, and topped the pile as recently as July 2017. Sakkari went on to break Pliskova's serve on the back of he decision and served out the match to win 3-6, 6-3, 7-5.
  • Captain Gianluigi Buffon leaving Juventus but not retiring

    Captain Gianluigi Buffon leaving Juventus but not retiring

    Until about two weeks ago, I was certain I would stop playing. "I don't need other shows of affection", Buffon added. Buffon was also an integral member of the Italy squad that won the 2006 World Cup.
    US Supreme Court Gambling Decision Works In Favor Of Marijuana Reform

    US Supreme Court Gambling Decision Works In Favor Of Marijuana Reform

    Any other event for which the sports pool requests and receives approval by the Nevada Gaming Commission and Gaming Control Board. Scoreboards could post live odds next to runs, hits and errors.
    Woman throws poop at employee who denied her restroom access

    Woman throws poop at employee who denied her restroom access

    Moments later, she grabs the faeces from the floor and hurls it towards the employee before pulling up her pants and storming out. The incident took place at about 6:15 p.m.at the Douglas Crescent Tim Hortons in downtown Langley City.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.