Friday 20 July 2018

Samantha McCaughren

Fixed odds betting terminals face crackdown

Boylesports placing bet on FOBT fallout for UK bookies 

A review of fixed odds betting terminals (FOBTs) in the UK has really unnerved the gambling giants in the UK, Paddy Power Betfair among them. The machines have been likened to crack cocaine for problem gamblers and there will inevitably be restrictions on them. A story that appeared last month suggesting that a reduction of the maximum bet to £2 was on the cards really upset the industry. The review is looking at changing the current regime which allows gamblers to place bets of up to £100 every 20 seconds, to between £50 and £2. Last year analysts at Barclays forecast that a...