{"id":73251,"date":"2018-03-19T10:00:46","date_gmt":"2018-03-19T17:00:46","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=73251"},"modified":"2018-03-19T10:21:46","modified_gmt":"2018-03-19T17:21:46","slug":"ukgc-calls-for-30-stake-limit-for-fobts","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/ukgc-calls-for-30-stake-limit-for-fobts\/","title":{"rendered":"UKGC calls for \u00a330 Stake-Limit on FOBTs"},"content":{"rendered":"

Shares in the UK\u2019s biggest betting companies rose on the back of a report by the UK Gambling Commission recommending maximum stakes on fixed-odds betting terminal (FOBT) roulette should be cut to \u201c\u00a330 or less,\u201d ($42) rather than \u00a32 ($2.80).<\/p>\n

\"UKGC
UKGC executive director Tim Miller believes a drastic reduction of stakes could create problems of its own. The UKGC FOBT recommendation is likely to have a lot of influence on the government\u2019s ultimate decision on new\u00a0 max stakes. (Image: UKGC)<\/figcaption><\/figure>\n

The industry is awaiting the results of a long-delayed review into the controversial machines, which currently allow customers to gamble \u00a3100 every 20 seconds.<\/p>\n

Critics say FOBTs are too addictive, target the poor, and have a negative social impact.<\/p>\n

Bookies, meanwhile, say a cut to \u00a32 would be a \u201cdoomsday scenario<\/a>\u201d for the retail betting industry, leading to the loss of 20,000 jobs and the closure of half of the nation\u2019s betting shops.<\/p>\n

Soft on Roulette<\/strong><\/h2>\n

The UKGC FOBT report, published Monday, said that the max stakes on FOBT slots-style games should be slashed to \u00a32, but it left the door open to a softer option for roulette, which is by far the most popular game and the biggest revenue earner for the betting industry.<\/p>\n

The regulator also recommended removing the ability for different categories of games to be played in one single session. It added there is \u201ca strong case\u201d to make tracked play mandatory across certain categories of machines, allowing bookmakers to intervene if they find evidence of risky behavior.<\/p>\n

“We could have advised a maximum \u00a32 stake, but the evidence did not point to that and show a clear figure,\u201d said UKGC executive director Tim Miller, in a Radio 4 interview on Monday morning.<\/strong><\/p><\/blockquote>\n

“For\u00a0many people, it would help them to be restricted to a \u00a32 maximum stake, but for some people there is a risk that if they can bet smaller amounts, they can spend longer playing and engage in riskier behaviours, which is why we are advising this comprehensive package of recommendations.<\/p>\n

“Our focus is on protecting vulnerable people from harm,\u201d he added. \u201cWe have no duties to consider the economic wellbeing of the industry.”<\/p>\n

Clash with Treasury <\/strong><\/h2>\n

Nevertheless, the news is a boost to the betting industry, which was beginning to resign itself to the government taking the most drastic option available. The UKGC is by far one of the most influential contributors to the review, which is being undertaken by the Department of Culture Media and Sport (DCMS).<\/p>\n

The DCMS is eager to impose substantial limits on the machines but has clashed with the Treasury<\/a> over the resulting loss of income. The government derives \u00a3700 million ($982 million) per year from taxes on gambling machines.<\/p>\n

Horse racing funding is likely to be impacted too, since each individual betting shop pays the industry \u00a330,000 ($42,000) per year for media rights.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shares in the UK\u2019s biggest betting companies rose on the back of a report by the UK Gambling Commission recommending maximum stakes on fixed-odds betting terminal (FOBT) roulette should be cut to \u201c\u00a330 or less,\u201d ($42) rather than \u00a32 ($2.80). The industry is awaiting the results of a long-delayed review into the controversial machines, which […]<\/p>\n","protected":false},"author":42,"featured_media":73256,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,61,13592],"tags":[],"acf":[],"yoast_head":"\nUKGC calls for \u00a330 Stake-Limit on FOBTs<\/title>\n<meta name=\"description\" content=\"Shares in Ladbrokes and William Hill rise on the UKGC FOBT recommendation that maximum stakes should be cut to \u00a330 or lower.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UKGC calls for \u00a330 Stake-Limit on FOBTs\" \/>\n<meta property=\"og:description\" content=\"Shares in Ladbrokes and William Hill rise on the UKGC FOBT recommendation that maximum stakes should be cut to \u00a330 or lower.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/ukgc-calls-for-30-stake-limit-for-fobts\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-19T17:00:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-03-19T17:21:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/03\/tim.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/ukgc-calls-for-30-stake-limit-for-fobts\/\",\"url\":\"https:\/\/www.casino.org\/news\/ukgc-calls-for-30-stake-limit-for-fobts\/\",\"name\":\"UKGC calls for \u00a330 Stake-Limit on FOBTs\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/ukgc-calls-for-30-stake-limit-for-fobts\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/ukgc-calls-for-30-stake-limit-for-fobts\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/03\/tim.jpeg\",\"datePublished\":\"2018-03-19T17:00:46+00:00\",\"dateModified\":\"2018-03-19T17:21:46+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"Shares in Ladbrokes and William Hill rise on the UKGC FOBT recommendation that maximum stakes should be cut to \u00a330 or lower.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/ukgc-calls-for-30-stake-limit-for-fobts\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/ukgc-calls-for-30-stake-limit-for-fobts\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/ukgc-calls-for-30-stake-limit-for-fobts\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/03\/tim.jpeg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/03\/tim.jpeg\",\"width\":1280,\"height\":720,\"caption\":\"UKGC executive director Tim Miller believes a drastic reduction of stakes could create problems of its own. 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