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“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.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.nline casino include BetSoft, Iron Dog Studio, NetEnt, Microgaming and more....
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. The gaming portfolio of Nolimit will now be distributed across the extensive partner network of GiG as well as within its proprietary online casino brands.89 million) while the Managing Director for localspringbok casino sign up kctb sportsbetting operator Betfred, Mark Stebbings, reportedly detailed that the government had ‘played politics with people’s jobs’ because the reduction was ‘clearly not evidence-based but a political decision’....
GiG operates several B2C brands including Super Lenny, Guts, Rizk and Betspin. The gaming portfolio of Nolimit will now be distributed across the extensive partner network of GiG as well as within its proprietary online casino brands.But, Peter Jackson, Chief Executive Officer for Paddy ...
89 million) while the Managing Director for localspringbok casino sign up kctb sportsbetting operator Betfred, Mark Stebbings, reportedly detailed that the government had ‘played politics with people’s jobs’ because the reduction was ‘clearly not evidence-based but a political decision’.“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....
According to a report from the British Broadcasting Corporation (BBC), FOBTs were first introduced to the United Kingdom’s around 8,780 land-based sportsbetting shops in 2001 and allow players to place a wager every 20 seconds on a range of virtual fixed-odds games such as roulette and bingo.Similarly, GVC Holdings, which is responsible for the Ladbrokes chain of domestic bookmakers, is said to have proclaimed that the decrease may cause its full-year takings to decline by around ￡160 million (5. For live dealer gaming, Evolution Gaming, NetEnt Live and Extreme Live Gaming will be providing content....
