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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.The BBC reported that the maximum stake reduction, which is expected to be implemented over the course of the next twelve months, followed an extensive gosyndicate casino 25 free spins adiuvernment review into the machines that is said to have discovered consistently high rates of problem gambling as well as ‘a high proportion of those seeking treatment for gambling addiction’ among FOBTs players.But, Peter Jackson, Chief Executive Officer for Paddy ...

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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.com.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....

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