FOBT
FOBT
The UK retail betting sector is to meet at a special event taking place this Thursday to discuss the industry’s future in the wake of the decision to slash B2 gaming machine stakes to £2.
The debate over Fixed Odds Betting Terminals (FOBTS) continues to rumble on, as MPs play political football over the timeline of when the new regulations will be implemented.
The recent triennial review of machine stakes and prizes may have been focused on the curtailment of B2 stakes, but it was not all good news for games that fall into the B3 category.
With a final decision seemingly imminent on FOBT stake levels this week, the bookmaking sector is bracing itself for what could well prove to be the most damaging change in legislation to hit the gaming sector in decades.
A Conservative Party revolt on gaming machine stakes and prizes could yet see a maximum £2 stake implemented on FOBTs in the UK.
The UK Gambling Commission (UKGC) has moved away from the notion that the maximum stakes on FOBT (B2) gaming machines need to be cut to £2.
When newly appointed Paddy Power Betfair CEO Peter Jackson accused the industry of “scare tactics” over the potential consequences of impending FOBT regulations, it marked the group’s continued resolute stance on the issue.
A group of independent bookmakers joined forces earlier this week to write to Prime Minister Theresa May, urging a rethink on proposals to lower the maximum stake on Fixed Odds Betting Terminals (FOBTs) to £2.
Ladbrokes Coral has denied that it will be reducing its sports sponsorship spend, instead saying that it "could not be ruled out" as a natural consequence of the severe cuts to maximum stakes on FOBTs...
UK amusement and gaming trade body bacta has met with former Conservative Party leader Iain Duncan Smith to present a new report that tackles the economic impact on bookmakers from a proposed reduction in FOBT maximum stake to £2.
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