UK bookmakers are up in arms after a leaked Labour Party election manifesto showed that it plans to reduce the fixed-odds betting terminal betting stakes. 

Sure. The draft manifesto has revealed how Labour wants to reduce the FOBT betting stakes from the c £100 to just £2. Aside from this, the left-leaning party also wants to “legislate to increase the delay in between spins on these games in order to reduce the addictive nature of the games.” 

Exactly.  Labour has been always against FOBTs. It can be recalled that in 2014, Labour’s former party leader Ed Miliband condemned FOBTs and tagged it as “a magnet for crime and antisocial behaviour.”  

The Association of British Bookmakers (ABB) slammed the party’s proposal, saying that it would cost 20,000 people to lose jobs and the government to lose millions in taxes. The bookies also said that reducing stakes was “not the most effective option for minimizing gambling-related harm.”

UK bookies are fighting an uphill battle in keeping the betting stakes of FOBTs as they do not have allies in UK’s two major parties.

The dwindling number of high rollers going to South Korea to gamble has hit the country’s second largest foreigners-only casino operator.

Spain’s regulated online gambling market sustained a revenue jump by one-fifth in the first quarter of 2017, but slightly lower than the Q4 2016 total.  

A politician from Pennsylvania is proposing a new legislation that will authorize up to 25 “satellite casino locations,” a plan that will likely be opposed by the state’s 12 brick and mortar casinos. 

Argentina's retired soccer player Diego Maradona has his own religion made by his fans. It is called "Iglesia Maradoniana."

Proxy betting: A form of gambling where a player assigns a trusted individual as a proxy.