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.

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 South African National Gambling Board has issued a statement this week concerning the legality of online gambling. There have recently been some r...

Read more »

Betting operator 888sport announced that it has signed a sports betting partnership agreement with the National Football League (NFL) in the United Ki...

Read more »

British GVC Holdings PLC is launching an investment program to support grassroots sports in the UK. It will be helping the lower tiers of English foot...

Read more »

Dominic Beier has stepped down from his position as Interwetten Sports’ Speaker of the Board. The 29-year-old had joined the company in 2018, replacin...

Read more »

BGC, the UK’s Betting and Gaming Council, has announced the implementation of a new set of measures in order to prevent underage audiences from being ...

Read more »

Online sportsbook and casino operator Vbet will be sponsoring French Ligue 1 powerhouse AS Monaco. The deal includes seasons 2020-2021 (which just sta...

Read more »

UK-based bookmaker Betfred has announced the extension of its World Snooker Championship sponsorship until 2022. It is considered the biggest snooker ...

Read more »

European sports betting firm Melbet is expanding its presence in Africa by entering the Kenyan market. After already operating in Nigeria, Ghana and U...

Read more »

The UK Gambling Commission has lifted the ban on sports betting exchange Matchbook. The brand, running under operator Triplebet, had its UK pool betti...

Read more »

Ukraine’s president Volodymyr Zelensky has put pen to paper on bill 2285D, as expected since last month’s triumphant voting in its favor at the Verkho...

Read more »

Latest Betting Offers