Government to slash maximum stake on fixed-odds betting terminals to £2 in bid to tackle problem gambling

gambling

The most stake on fixed-odds betting terminals (FOBT) will be slice from £100 to £2, the government provides announced.

The move comes after extended consultation services over the equipment, dubbed the “crack of gambling” by experts credited for their potentially hard to kick nature.

Bookies have got recently claimed techniques to cut the optimum risk upon FOBTs will result in the reduction of hundreds of careers inside the marketplace.

The federal government said the brand new measures could cut the opportunity of gamblers to rack up large deficits and minimize harm caused consequently around the wider network.

“Issue video gaming can easily devastate people ’ world, family members and areas,” stated sports activities minister Tracey Crouch, launching the proceed Thursday night.

“It is ideal that we have decisive actions right now to make sure a responsible wagering sector that protects one of the most vulnerable within our culture.”

“By lowering FOBT levels to £2 we all may possibly support end intense loss simply by those who can least manage it.”

“While we want a healthy gambling industry that contributes to the overall economy, we also need one which will all this may well to safeguard players.”

FOBTs presently allow users to wager between £1 and £100 every 20 secs about modern casino games such seeing that virtual different roulette games, or controlled equine and greyhound competitions.

The Uk public manages to lose around £1.8bn every yr. gambling on the devices, relating to numbers introduced by the Gambling Commission.

Bookmaker William Hill warned your decision to limit the ideal risk in FOBTs can see about 900 of its outlets become loss-making, adding a “percentage” endangered drawing a line under.