Delay for the fixed odd betting terminals

29 Oct 2018

The year 2019 was to become a year of great changes, as the UK government was ready to impose a new £2 maximum bet on FOBTs. This projected change was meant to control the betting activity, especially when it comes to adolescents. But there is a new take on the matter as the United Kingdom government has decided to delay the new regulation until mid-2020 seeing that it is very difficult to proceed to the mechanical adjustments within the previously suggested timeframe. The change at the stake cut was set to take place in April, with the first delay being the announcement that the new regulation would come in force within October of 2019.

According to some cynical observers, another less transparent reason is forcing the government hands into a new delay. Apparently many complaints have been voiced by various gambling industry members as they are pressuring the government to repeal the stake reduction by implying that they will be "forced" to proceed to massive layoffs. In addition, it seems like there will be an increase at the online casino taxes, with the rates going up from 15% to 20-25%, with the exact rate being announced within the upcoming days.

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

Gambling can be traced in Germany all the way back to Roman times when soldiers were playing several forms of dice games. At some point after the intr...

Read more »

The UK Gambling Commission fined online betting operator Betway £408,915 for marketing on the kids’ section of the West Ham United Football Club...

Read more »

The 2021 report from the Malta Gaming Authority (MGA) has been released. The MGA generally took less regulatory actions, such as issuing fewer warning...

Read more »

The 2022 European Cricket Championships, held in Malaga, Spain, now have Stake.com as an official partner. The T10 competition, in which 21 national t...

Read more »

Just one week after an impressive 49-goal matchday 1, UEFA Champions League action is back. Among all the exciting events, the one that stands out the...

Read more »

LeoVegas Group, the renowned igaming operator, disclosed on Thursday that English Premier League giants Manchester City is the subject of a new partne...

Read more »

The moment football fans worldwide have been waiting for has finally come. The 2022-23 UEFA Champions League season is officially underway with 8 matc...

Read more »

After expanding into Colorado, their second active US state so far, Bet365‘s presence in the North American market has grown. Bettors in the Cen...

Read more »

The 2022 summer transfer window ends on the night of September 1st. As the deadline day is rapidly coming close, top European clubs are looking to sea...

Read more »

Every day we get bombarded by dozens if not hundreds of extravagant remarks by various online sportsbooks claiming to be the best when it comes to odd...

Read more »

LATEST BOOKMAKER PROMOTIONS