Bookmakers ready to retreat on FOBTs max stake

30 Oct 2017

tom watsonThe UK government is ready to propose three options about the maximum stake on FOBTs. This issue is one of the hottest in the gambling industry.

As we have mentioned on www.bookmakers.bet, MP Tom Watson expressed his party's intention to reduce the max amount down to €2.

The strongest argument on the stake reduction, is that gambling addiction numbers are soaring in the UK. Mr Watson has expressed his concerns on the matter, by stating that it is the government’s duty to protect civilians.

The three options that are expected to be included are:

  • Max stake up to €2. That is the worst scenario for the bookmakers who insist that this will cause the closure for many FOBTs shops. This proposal is supported by the Labour party.
  • Max stake up to €50. Given that bookmakers have received a lot of hostility after the proven addictiveness of FOBTs, this would be the best option the bookies can get.
  • Stake from €10 to €30. This an intermediate decision that would please both sides.

There are two other aspects that are being related with FOBT measures. The first one, concerns the restrictions on gambling adverts linked to live sporting events.

The second one is the GambleAware criticism to the bookmakers, insisting that they have failed to train their employees to accurately spot problem gamblers and addictive behaviors.

The review is expected to be published on Tuesday 31st of October by DCMS. It will be announced shortly after the stock market opening, given that it is projected to greatly impact share prices.

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

BetConstruct opened its platform to third-party bookmakers after agreeing to integrate the iFrame solution from Pinnacle. BetConstruct will supply the...

Read more »

UK online gambling operators’ claims of a growing black market are being denied by the UKGC ahead of the government’s review of the country’s ga...

Read more »

Kaizen Gaming has signed a deal with the website optimisation company LeanConvert to enhance its on-site player conversion and UX disciplines across i...

Read more »

Betfair introduced its sports betting exchange to the Italian market aiming at expanding its betting offering in the country. However, the Italian gov...

Read more »

Entain has made an offer to acquire the Baltic operator Enlabs putting on the table $341.6m. This offer means that Εntain (formerly known as GVC Holdi...

Read more »

The Malta Gaming Authority (MGA) is willing to appoint a new chief executive. In its job post, MGA stated that it’s looking for a “dynamic, passionate...

Read more »

William Hill has announced the acquisition of Alfabet S.A.S., a Colombian gambling operator. The globally known betting company William Hill stated th...

Read more »

Russia’s online bookies have received a postponement from the proposed regulatory changes; hoping that the government will change its mind regarding t...

Read more »

The ATP Tour has lifted the two-year ban on men’s tennis tournaments signing deals with sports betting operators. The ATP Tour reached the decision to...

Read more »

The Spanish minister of Consumer Affairs, Alberto Garzón, is about to start a public consultation on a new draft Royal Decree designed to make the cou...

Read more »

Latest Betting Offers