It has been announced by the Government that the maximum stake on fixed odds betting terminals will be reduced to £2.00.
Currently, people can bet up to £100.00 every 20 seconds on electronic casino games such as roulette.
What is the aim of changing the maximum stakes on betting terminals?
It is hoped that reducing the stake to £2.00 will reduce harm for the most vulnerable although Bookmakers have warned that it may lead to thousands of outlets closing.
What does the change mean to the economy?
William Hill has warned that 900 of its shops could become loss-making leading to job losses. Campaigners have successfully argued that the harm to communities and individuals is severe enough to warrant a major change.
The Government consultation into gambling
The Government’s consultation into gambling machines found consistently high rates of problem gamblers among many players of fixed odds betting terminals and a high proportion of those seeking treatment for gambling addiction identified the machines as their main form of gambling.
For more information, please contact our Alcohol & Entertainment Licensing team.