After many months of procrastination, the UK government has finally delivered a verdict on the fixed odds betting terminals (FOBTs), reducing stake limits from £100 to £2. Although not entirely a surprise, this is a disappointing result for the industry and will likely entail more than 3,500 shop closures. Also, while a decision has been made, there is still much uncertainty regarding timing and implementation. For online operators, there is a further blow, in the form of potentia
17 May 2018
UK gaming sector: Regulator delivers a harsh verdict
UK gaming sector: Regulator delivers a harsh verdict
Rank Group Plc (RNK:LON) | 73.0 2.2 4.2% | Mkt Cap: 342.0m
- Published:
17 May 2018 -
Author:
Victoria Pease -
Pages:
2
After many months of procrastination, the UK government has finally delivered a verdict on the fixed odds betting terminals (FOBTs), reducing stake limits from £100 to £2. Although not entirely a surprise, this is a disappointing result for the industry and will likely entail more than 3,500 shop closures. Also, while a decision has been made, there is still much uncertainty regarding timing and implementation. For online operators, there is a further blow, in the form of potentia