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Betting shares tumble on report of cut to machine stakes - BBC News Wager slash on fobts pummels uk bookmaker stocks

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 · T he government’s promise to slash the maximum stake for fixed-odds betting terminals (FOBTs) from £100 to just £2 is both welcome and long overdue. Matt Hancock, the digital, culture, media and sport secretary, was. Click to Play!


Betting shares tumble on report of cut to machine stakes - BBC News Wager slash on fobts pummels uk bookmaker stocks


 · Shares in the UK’s biggest bookmakers fell sharply on Tuesday after reports that Philip Hammond had accepted the need for a £2 maximum stake on fixed-odds betting terminals (FOBTs).
British Bookmakers Could Lose as Much as £150 million A recent analysts report cited by The Financial Times showed that UK gambling operators could lose an amount of.


NEW £2 MAXIMUM STAKE FOR FIXED ODDS BETTING TERMINALS


William Hill loses £820m after government slashes FOBT stakes to £2 | The Independent Wager slash on fobts pummels uk bookmaker stocks


 · It said that the Chancellor, Philip Hammond, was concerned about a shortfall in tax revenues if the maximum stake on fixed-odds betting terminals (FOBTs) - which campaigners have dubbed the "crack cocaine" of.
 · I wouldn’t be surprised had the fire brigade been called out to the Association of British Bookmakers’ HQ in the wake of the latest Parliamentary report into Fixed Odds Betting Terminals (FOBTs). The amount of steam.
 · The UK has 33,611 FOBTs, each of which take more than £53,000 from gamblers per year. Why are they considered a problem? Critics of FOBTs say they are particularly addictive, allow gamblers to rack up huge losses within a.
 · UK cross-party council organisation, the Local Government Association (LGA) has urged the government to reduce the maximum wager on fixed odds betting terminals (FOBTs) from £100 to £2. The LGA has called for.



William Hill loses £820m after government slashes FOBT stakes to £2 | The Independent Wager slash on fobts pummels uk bookmaker stocks


wager slash on fobts pummels uk bookmaker stocks
Following a year of deliberation, the UK government has announced its decision to slash the maximum stake that gamblers can wager on fixed-odds betting terminals (FOBTs) from £100 to just £2. Needless to say, this has has been.
The UK’s Local Government Association (LGA) has again urged the government to cut the maximum stake on fixed-odds betting machines (FOBTs) in the region. Punters in the UK can currently wager up to £100 (€129/$145) on.

wager slash on fobts pummels uk bookmaker stocks GVC Holdings, which ownsslumped more than 6 per cent, was down almost 5 per cent and plummeted 12.
You can form your own view.
A total of 22 Tory MPs have publicly come out to back slashing stakes on the machines, including Matt Hancock, the culture wager slash on fobts pummels uk bookmaker stocks />A recent YouGov survey of more than 100 MPs found that 62 per cent were in favour of a £2 stake.
Bookmakers make a from FOBTs, but they have come under for a number of years.
FOBTs can be highly addictive, and some consumers have lost thousands of pound in minutes on the machines.
The report from the Centre for Economics and Business Research should also appease any further worries of the Treasury and the bookmakers, he said.
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 · T he government’s promise to slash the maximum stake for fixed-odds betting terminals (FOBTs) from £100 to just £2 is both welcome and long overdue. Matt Hancock, the digital, culture, media and sport secretary, was.


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