Gambling Commission 'bottles' FOBT stake cut

Gambling Commission 'bottles' FOBT stake cut

There are more than 30,000 fixed-odds betting terminals around the country, which now have a maximum stake limit of £100.

The popular betting machines have been under an extreme amount of scrutiny over the past year, as they now allow players to bet £100 every 20 seconds at the terminals, potentially allowing a punter to spend £18,000 an hour.

The commission recommended the lowest possible limit of £2 per spin be imposed on "slots" games, similar to fruit machines.

"For some families, partners and children are being left destitute, so the social costs are huge". "That is why we have recommended a stake cut plus a comprehensive package of other measures to protect consumers", he added.

'We have proposed actions that will tackle both the risk of harm and provide solutions that are sustainable in the longer term'.

High street gambling companies are breathing a sigh of relief after the Gambling Commission has been far less severe in their recommendations than the market previously feared.

But despite campaigners' concerns about the risks of casino-style games including roulette offered on FOBTs, by far the most popular category, the commission said stakes for these should be cut to £30 or below.

Vladimir Putin wins fourth term as Russian president with landslide vote
While the move has made it easier for Putin, who's the clear favourite now, Navalny has called for a boycott of the election . His friend, 21-year-old modeling agent Max V, also chose not to vote, saying there weren't enough candidates to choose from.

Shares in bookmakers Ladbrokes and William Hill galloped higher on Monday after reports that they will avoid the worst scenarios envisaged from the government's triennial review on fixed-odds betting terminals.

"In the interim, we remain committed to introducing further measures to address problem gambling and will continue to work with all interested parties".

Labour's Shadow Culture Secretary Tom Watson blasted: "This is a deeply disappointing report from the Gambling Commission who appear to have caved in to industry pressure". That is the pull of FOBTs, the fixed-odds betting terminals that are dragging thousands into financial penury, addiction and mental health crises.

"These machines are at the heart of the UK's hidden epidemic of problem gambling".

"The Commission is an advisor to the government on gambling matters, so the government could justify the change to the £2 stake limit if it wanted to, based on the GC advice" Rees-Gay said.

Carolyn Harris MP described it as "outrageous" that the watchdog was not "brave enough" to adopt the £2 limit and said the machines "blight" lives.

Charity GambleAware said it welcomed the commission's "contributions to the ongoing discussion".

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