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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.“The government has handed us a tough challenge today and it will take some time for the full impact to be understood,” Philip Bowcock, Chief Executive Officer for London-listed William Hill, reportedly told the broadcaster. This agreement would see PlayFortuna use their remote games server platform to provide players with a full suite of Nolimit City games, including the popular titles now on offer at GiG....
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 (4.77) down to a more modest ￡2 (.69)....
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. This agreement would see PlayFortuna use their remote games server platform to provide players with a full suite of Nolimit City games, including the popular titles now on offer at GiG.GiG operates several B2C brands including Super Lenny, Guts, Rizk and Betspin....
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 go rich casino mobile appvernment 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.69).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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