the British government announced the approval of the reduction of fixed-odds betting terminals (FOBTs) stakes limit from £100 ($135.08) to £2 ($2.69).
Betfred are bracing for the possible impact of UK’s policy on fixed-odds betting terminals (FOBTs), which is expected to be announced this week.
Roger Devlin, chairman of William Hill painted a bleak future for UK’s biggest independent bookmaker should the country proceed with its new betting rules.
Chancellor Philip Hammond has accepted "expert recommendation" that FOBT stakes should be slashed to £2, according to reports.
The UK Gambling Commission (UKGC) will no longer back a £2 limit on fixed-odd betting terminals (FOBTs) wagering levels. At least, not explicitly.
A slash in sponsorship budget is in the offing for Ladbrokes Coral if the UK government ultimately decides to reduce the FOBT wagering levels.
The British Horseracing Authority joins the chorus of voices urging the government not to cut maximum stakes on fixed-odds betting terminals to £2.
UK media report that new DCMS secretary plans to cut maximum stake on fixed-odds betting terminals from current £100 to just £2.
A bookmaker in Northern Ireland is facing possible charges
The United Kingdom is now planning to cut the maximum bet from £100 to something between £2 and £50. The exact maximum will be decided in 12 weeks.