page contents Maximum stake for fixed-odds betting terminals cut to £2 – The News Headline
Home / News Headline / Maximum stake for fixed-odds betting terminals cut to £2

Maximum stake for fixed-odds betting terminals cut to £2

The utmost authorized stake on debatable fixed-odds having a bet terminals (FOBTs) shall be lower from £100 to £2, the federal government has introduced after ministers unnoticed pleas from bookmakers.

The Division for Tradition, Media and Game opted for £2 after greater than a yr of livid argument between anti-FOBT teams and excessive boulevard bookmakers, who derive greater than part in their income from the machines.

The Labour MP Carolyn Harris, chair of a cross-party crew on FOBTs, mentioned she was once “extremely joyful” by way of the verdict.

“That is one thing I, and others, have lengthy campaigned for. FOBTs have led to an excessive amount of social hurt and large losses for many who can least find the money for it.

“Final yr there have been greater than 230,000 person classes by which a person misplaced greater than £1,000. Those machines have larger the chance of downside playing, which carries an overly vital social and financial value.

“This was once morally the best determination to make and it’s victory for all the ones other folks whose lives had been blighted by way of those poisonous machines.”

The Parent has approached the Affiliation of British Bookmakers for remark.

Matt Zarb-Cousin, a former FOBT addict and spokesperson for Fairer Playing, mentioned: “The paintings of [sports minister] Tracey Crouch and Carolyn Harris will have to be recommended.

“Permitting high-stakes roulette machines in such an simply obtainable atmosphere has had disastrous penalties, impacting ranges of playing similar hurt and crime.

“The federal government’s determination to chop the stake again to £2 is the best one and should be enacted once conceivable. The proof presentations it’ll scale back hurt for the ones experiencing it, and get rid of essentially the most addictive roulette content material, which can considerably scale back downside playing related to FOBTs.”

Extra to observe…

About thenewsheadline

Check Also

id rather have my son than a hero - 'I'd rather have my son than a hero'

'I'd rather have my son than a hero'

Thirty years after Soviet troops pulled out of Afghanistan, the BBC went to satisfy the …

Leave a Reply

Your email address will not be published. Required fields are marked *