Maximum stake for fixed-odds betting terminals cut to £2
Ministers ignore pleas from bookmakers and decide to reduce stake from £100
The maximum permitted stake on controversial fixed-odds betting terminals (FOBTs) will be cut from £100 to £2, the government has announced after ministers ignored pleas from bookmakers.
The Department for Culture, Media and Sport opted for £2 after more than a year of furious argument between anti-FOBT groups and high street bookmakers, who derive more than half of their revenue from the machines.
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Author: Rob Davies