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“This decision will result in unintended consequences including direct and indirect job losses, empty shops on the High Street and a massive funding hit for the horseracing industry,” Stebbings reportedly told the BBC.In hopes of helping to stamp out problem gambling, the government of the United Kingdom has reportedly announced that it is planning to reduce the maximum single stake for the nation’s over 34,000 fixed-odds betting terminals (FOBTs) from ￡100 (4.“We recognize the potential impact of this change for betting shops, which depend on FOBT revenues, but also that this is an industry that is innovative and able to adapt to changes,” Crouch reportedly told the BBC....

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According to a report from the British Broadcasting Corporation (BBC), FOBTs were first introduced to the United Kingdom’s around 8,780 land-based sportsbetting shops in 2001 and allow players to place a wager every 20 seconds on a range of virtual fixed-odds games such as roulette and bingo.The BBC reported that the maximum stake reduction, which is expected to be implemented over the course of the next twelve months, followed an extensive goblackjack online real money malaysia dxxbvernment review into the machines that is said to have discovered consistently high rates of problem gambling as well as ‘a high proportion of those seeking treatment for gambling addiction’ among FOBTs players.nline casino include BetSoft, Iron Dog Studio, NetEnt, Microgaming and more....

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Tracey Crouch, the Minister for Sport and Civil Society in the government of Prime Minister Theresa May, reportedly declared that the stake reduction would ‘reduce harm for the most vulnerable’ and ‘substantially’ help to protect players at risk of developing an addiction to gambling.Tracey Crouch, the Minister for Sport and Civil Society in the government of Prime Minister Theresa May, reportedly declared that the stake reduction would ‘reduce harm for the most vulnerable’ and ‘substantially’ help to protect players at risk of developing an addiction to gambling.“This decision will result in unintended consequences including direct and indirect job losses, empty shops on the High Street and a massive funding hit for the horseracing industry,” Stebbings reportedly told the BBC....

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