Billions at Stake <\/strong><\/h2>\nThe controversial machines are loathed by anti-gambling campaigners and opposition politicians alike, who claim the FOBTs have increased problem gambling and other social problems. But the lucrative terminals have also provided billions of pounds in tax revenue since their introduction in 2004.<\/p>\n
Nevertheless, it appears Theresa May\u2019s government has determined that a reduction will occur, to somewhere between \u00a350 ($69) and \u00a33 ($4).<\/p>\n
Adding to the drama is the recent addition of Matt Hancock as head of the DCMS, a politician who is more sympathetic to the bookmaking industry, .<\/p>\n
The Association of British Bookmakers (ABB) this week rejected the findings of the new report, emphasizing that CEBR has a vested interest in pushing for as large a reduction as possible. CEBR is seeking an increase to the maximum stakes of its called \u201cnon-complex\u201d category D machines, which include the \u201ccrane grab\u201d units, commonly found in fairground and seaside arcades.<\/p>\n
The ABB has previously called the all-party group that laid the groundwork of the FOBT review \u201ca club of anti-betting shop MPs (Members of Parliament), funded by amusement arcades and casinos with commercial interest in attacking betting shops.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
An impending fixed-odds betting terminal\u00a0max bets crackdown in the UK would not have quite the crippling impact on the bookmaking industry, and by extension, government tax coffers, as has been previously suggested, according to new research. A report by the Centre for Economics and Business Research (CEBR) comes as the country\u2019s Department for Culture, Media […]<\/p>\n","protected":false},"author":42,"featured_media":67087,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
New Research Suggests Drastic FOBT Reduction Not So Bad, Says Study<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n