UK Government does u-turn over date for implementing £2 FOBT maximum stake

UK Government does u-turn over date for implementing £2 FOBT maximum stake

By site_editor

November 15 2018: The Guardian (11/14/18) and other media report on the UK Government bowing to MP pressure over the delay to the implementation of the £2 Fixed Odd Betting Terminal maximum stake.  The cut in the maximm stake will be brought forward to April 2019 following growing rebellion amongst MPs across the political divide. 

The chancellor, Philip Hammond recently announced  in the budget that a reduction in FOBT stakes from £100 to £2 would not take effect until October 2020, following whih the sports minister, Tracey Crouch resigned.  It is reported that a delay in the implementation amounted to a £900m windfall for bookies. 

Read more on the Guardian website. 

 

 

 

Company Details

International Association of Gaming Regulators
7881 W Charleston Blvd, Suite 155
Las Vegas, NV 89117
USA

Fax: +001 (636) 277-6665

Email Contact

Twitter Feed

#iagr2019: IAGR is calling for speakers for next year's Annual Conference, being held in Montego Bay, Jamaica, Sept… https://t.co/qhhWO50jfh
IAGR_ORG (2 weeks ago)
#iagr2019: IAGR has announced that Montego Bay, Jamaica is the venue for its next annual conference September 30 -… https://t.co/vN7Fv26NBo
IAGR_ORG (4 weeks ago)
If you missed the IAGR Annual Conference in Copenhagen, catch up on what happened in the latest edition of the IAGR… https://t.co/tsBcitucnz
IAGR_ORG (4 weeks ago)
RT @GamRegGB: Tests on a sample of pubs in England indicate that almost 90% failed to prevent children accessing 18+ gaming machines: https…
IAGR_ORG (4 weeks ago)
IAGR's new President is Trude Hogseth Felde, Senior advisor at the Norwegian Gaming Authority. For a full list of I… https://t.co/HgczmuUj1V
IAGR_ORG (2 months ago)