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Tracey Crouch, the Minister for Sport and Civil Society in the government of Prime Minister Theresa May, reportedly declared that the stake reduction would ‘reduce harm for the most vulnerable’ and ‘substantially’ help to protect players at risk of developing an addiction to gambling.“The government has handed us a tough challenge today and it will take some time for the full impact to be understood,” Philip Bowcock, Chief Executive Officer for London-listed William Hill, reportedly told the broadcaster.But, Peter Jackson, Chief Executive Officer for Paddy ...
In hopes of helping to stamp out problem gambling, the government of the United Kingdom has reportedly announced that it is planning to reduce the maximum single stake for the nation’s over 34,000 fixed-odds betting terminals (FOBTs) from ￡100 (4.com.“We recognize the potential impact of this change for betting shops, which depend on FOBT revenues, but also that this is an industry that is innovative and able to adapt to changes,” Crouch reportedly told the BBC....
However, the BBC reported that domestic gambling giant William Hill warned that the ‘unprecedented’ move could see up to 900 of its shops become loss-making propositions and lead to its annual retail revenues dropping by as much as ￡100 million (4.As far as banking is concerned, the new online gaming site will have players covered, offering several payment methods including Visa, MasterCard, Trustly, Neteller and Skrill.Commenting on the game integration via press release, GiG Games Services Managing Director, Mathias Larsson stated: “Nolimit City has produced some truly fun games....
“This decision will result in unintended consequences including direct and indirect job losses, empty shops on the High Street and a massive funding hit for the horseracing industry,” Stebbings reportedly told the BBC.“We recognize the potential impact of this change for betting shops, which depend on FOBT revenues, but also that this is an industry that is innovative and able to adapt to changes,” Crouch reportedly told the BBC.GiG operates several B2C brands including Super Lenny, Guts, Rizk and Betspin....
GiG operates several B2C brands including Super Lenny, Guts, Rizk and Betspin.Tracey Crouch, the Minister for Sport and Civil Society in the government of Prime Minister Theresa May, reportedly declared that the stake reduction would ‘reduce harm for the most vulnerable’ and ‘substantially’ help to protect players at risk of developing an addiction to gambling.”Nolimit City Head of Sales, Malcolm Mizzi, also commented on the new partnership by stating: “The move towards a direct partnership with a leading company such as GiG, showcases the true strength of our portfolio and the efficiency in Nolimit’s delivery....
