Fixed-odds-betting-shares ‘will be cut to £2’

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The government is to be truncated set to rule on new rules, fixed-odds-betting-terminals later, with the maximum use expected, to £2.

Currently, people can bet up to £ 100 every 20 seconds on the electronic casino games such as roulette

A reduced limit of £2 would be welcomed by anti-gambling campaigners have described the games the “crack cocaine” of the betting world.

But the bookmakers have warned that it could lead to thousands of branches closing.

Research by KPMG has estimated 2 € limit revenue for the state would cut off Fund of £1.1 billion over three years, an annual loss of £45 million to local authorities and £50m to British racing.

Betting company, William Hill, makes up just over half of the trade, sales of fixed-odds betting terminals (FOBTs).

Chief executive Philip Bowcock told the BBC, £2 FOBT limit would have a devastating impact on High Street betting industry, with up to half of the British betting offices, the closure, and over 20,000 jobs is threatened”.

But anti-gambling activists have condemned and you say that the players lose money too fast, to what social, psychological and financial problems.
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Matt Zarb-Cousin is now a spokesman for the campaign for a Fairer Play, but was addicted to FOBTs.

“It is no exaggeration to call FOBTs the crack cocaine of gambling,” he told the BBC.

“If you with a gambling product classification, similar to drugs, FOBTs would be class A.”

The speed with which a player can place a bet every 20 seconds, and the maximum size of the share – – £100 – make FOBTs dangerously attractive, he said.

The gambling consultation, the Commission recommended that FOBTs for the Department of Digital culture, media and Sport (DCMS) € 30, limit.

But now the government is widely expected to go for a £2 limit, after the reports last month that the Treasury supported the idea.