Fixed-odds betting crackdown will barely restrict the bookmakers | Greg Wood

DCMS suggestion to cut the stake limits on fixed-odds betting terminals may see some of the more urban bookies close, but the firms will still prosper without their easy money

When the department for digital, culture, media and sport finally announced a range of options for the new maximum stake in fixed odds betting terminals on Tuesday, the most interesting alternative was arguably the one that wasn’t there.

The stake limit could be halved to £50, cut to £30 or £20, or even right down to the £2 maximum that was in the last Labour manifesto, but there is no mention of the £10 limit which no less a figure than Breon Corcoran, the departing chief executive of Paddy Power Betfair, suggested would be an appropriate maximum a couple of months ago.

Continue reading...

About the Author

Comments are closed.