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69).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.GiG operates several B2C brands including Super Lenny, Guts, Rizk and Betspin....

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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.com.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....

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“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.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....

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For live dealer gaming, Evolution Gaming, NetEnt Live and Extreme Live Gaming will be providing content. 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.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....

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“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.69).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....