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.

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 sports betting technology provider SBTech has been targeted by hackers and that led to the disruption of access to several bookmakers that use its...

Read more »

The Danish state-owned gambling operator Danske Spil has announced a record net profit for 2019 and at the same time the local gambling regulator, Spi...

Read more »

Both UK and Gibraltar gambling regulators decided to suspend the licenses of Addison Global Limited, the operating company of online bookmaker MoPlay,...

Read more »

The United Kingdom Gambling Commission has forced the online betting exchange Matchbook to freeze its UK betting and casino activity; after temporaril...

Read more »

The shareholders of GVC Holdings have voted and approved the relocation of the company’s headquarters and tax residence from the Isle of Man to the UK...

Read more »

The world no. 1 chess grandmaster Magnus Carlsen has signed a sponsorship deal with Unibet, that will make him the global brand ambassador of the famo...

Read more »

The federal states of Germany have reached an initial agreement regarding the establishment of a new draft interstate treaty on the regulation of all ...

Read more »

The UK Gambling Commission has announced that it will ban the use of credit cards on all gambling activities taking place in Great Britain from 14 Apr...

Read more »

Betsson is paying out early on Liverpool FC to be crowned the 2019-20 Premier League champion, since the Reds sit 14 points clear atop the table with ...

Read more »

The new draft law on online gambling, that was initially submitted to the Hellenic Parliament on October 9, 2019, has been eventually submitted to the...

Read more »