UK retail bookmakers in for nine-figure payouts as taxman opts against appealing legal ruling that it unfairly taxed gaming machine revenue.
The crackdown in the U.K. on fixed-odds betting terminals (FOBT) is taking its toll, having gambling shops across the country “fighting for their lives.”
UK's Betting and Gaming Council announces introduction of Anonymous Player Awareness System that will impose time outs on gaming machines in betting shops.
Her Majesty's Revenue & Customs has successfully offset its lower tax take from fixed-odds betting terminals through higher online casino taxes.
GVC Holdings has reduced their estimate of shops they may need to close from 1000 to 900, but that’s still pretty bad.
William Hill expects to lose as many as 4,500 employees, but simply can’t keep the shops running anymore.
The Irish bookmaker has wanted to get deeper into gambling for some time and has now fulfilled its dream.
UK Gambling Commission forces Paddy Power and Betfred to withdraw new products intended to circumvent new fixed-odds betting terminal stake cut.
The new regulations went into effect on April 1, and appropriately enough for April Fool’s, the joke’s on them.
A major change related to fixed-odds betting terminals in the UK finally comes into effect. The maximum odds on the machines will be cut from £100 to £2.