Close Bottom Menu CLOSE

Why join our Telegram

Telegram
  • list icon EXCLUSIVE Betting Bonuses
  • list icon 24/7 Pre-Match & Live Predictions
  • list icon New Unrestricted Bookmakers
  • list icon €1,000 In Monthly Giveaways
Join Our Community
Telegram

UK MP’s Propose Fixed Odds Betting Terminal Changes

15 Sep 2017

fixed odds betting terminalAccording to an article in the Financial Times, some members of the UK Parliament have proposed that the maximum bet on FOBTs should be reduced from £100 to just £2.

Although a compromise solution of a £30 maximum bet is expected to be reached, this change is projected to cost bookies £150m.

Why Are the Measures so Drastic?

The issue has arisen following last year's concerns over the use of fixed odds betting terminals by problematic behaviour punters.

The Chancellor of the Exchequer, Phillip Hammond has raised numerous red flags over the nature of the betting terminals.

His allegations are a result of a thorough report published in 2015 by the Department of Media, Culture and Sport. The white paper led to many ethical questions being asked as FOBT machines are considered to be extremely addictive.

The potential loss of income for the bookies is nonetheless huge and major concerns are starting to take for. Although the government's decision remains unclear, the recent UKGC fines & warnings combined with media campaigning against gambling, have put immense pressure on UK licensed operators.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY
Next Manchester United Manager Odds After Ten Hag’s Dismissal Featured Image

Erik Ten Hag was fired after the loss to West Ham during the weekend. Manchester United was already struggling this season, being 14th in the Premier ...

Read more »

UFC 308 Odds & Preview: Topuria vs Holloway Featured Image

One of the biggest UFC events of the year takes place on Saturday, October 26 at the Etihad Arena in Abu Dhabi. UFC 308, starting at 20.00 CET, featur...

Read more »

Megapari Nominated For The 2024 SBC Awards Featured Image

Megapari is up for two awards in the following SBC Awards: ‘Sportsbook Operator of the Year’ and ‘Casino Operator of the Year’...

Read more »

BC.Game Is The Official Sponsor Of Leicester City For 2024/25 Featured Image

The popular online crypto bookmaker BC.Game has announced that it has become the official partner of Leicester City. The partnership will go on for th...

Read more »

The Effect Of Euro 2024 On Sports Betting Service Providers Featured Image

It is no secret that huge international competitions like Euro 2024 substantially impact all sports betting providers. Besides the day-to-day operatio...

Read more »

How Mbappe’s Injury Affects All Euro 2024 Bets Featured Image

French superstar Kylian Mbappe suffered a broken nose after a collision with Austria’s Kevin Danso. He was later subbed off and was taken to the...

Read more »

Bookmakers With A Dedicated Euro 2024 Section Featured Image

This summer, 24 nations will battle in the 17th edition of the European Football Championship. Scheduled to take place in Germany, the competition is ...

Read more »

How Injuries Affect Euro 2024 Odds Featured Image

As the Euro 2024 approaches, fans are at the edge of their seats. However, as it happens with every major competition, several notable footballers hav...

Read more »

Lucas Paqueta Charged For Betting Breaches Featured Image

The Brazilian international Lucas Paqueta has been charged by the FA for the “improper purpose of affecting the betting market”. Paqueta, ...

Read more »

Tyson Fury vs Oleksandr Usyk Odds Featured Image

After a long wait, the boxing world is finally on the verge of crowing the first undisputed heavyweight champion since 1999, when Lennox Lewis took do...

Read more »

LATEST BOOKMAKER PROMOTIONS
bookmaker banner
bookmaker banner