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 be reached, this change is projected to cost bookies £150m!

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.

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

  The English Football League (EFL) defends its gambling sponsorships, as the UK government considers a potential prohibition on all betting oper...

Read more »

William Hill posted a positive Q3 net revenue increase in its online operations. It announced a 4% increase in the UK and 6% internationally for the t...

Read more »

The Spanish Directorate General for the Regulation of Gambling (DGOJ) has awarded a gambling license to William Hill’s sports betting subsidiary Mr Gr...

Read more »

The Regional Council of Darmstadt in Germany has awarded its first 15 betting licenses with immediate effect. Among the renowned operators that now ho...

Read more »

GVC Group, owner of Ladbrokes and Coral, has put pen to paper on the acquisition of Portuguese online operator Bet.pt in an effort to expand its posit...

Read more »

The Lithuanian Gambling Supervision Service, running under the Ministry of Finance, has issued updated ‘know-your-customer’ guidelines in an effort to...

Read more »

US casino operator Caesars Entertainment has reached terms to overtake British bookmaker William Hill through a £2.9bn deal. The deal, typically await...

Read more »

The renowned sports betting operator 22Bet has decided to completely cease its operations in the United Kingdom as of October 13, 2020. All of its pla...

Read more »

Everton has landed yet another important deal by teaming up with Parimatch, appointing it as the club’s official betting partner in Europe and in the ...

Read more »

Online sports betting operator 22Bet has reached an agreement with French Ligue 1 champions Paris Saint-Germain. The two-year deal, ending 2022, will ...

Read more »

Latest Betting Offers