Bookmakers Up In Arms Over Latest Report Looking To Restrict FOBTs
The issue of FOBTs has been a political hot potato on the UK for years. These machines are often referred to as the “crack cocaine” of gambling and calls to decrease the betting stakes have been floated around for years. The latest uproar is coming from the Association of British Bookmakers (ABB) who arecalling for an urgent inquiry into the report by the FOBTs All-Party Parliamentary Group (APPG) who are expected to call for a £2 per spin maximum stake to be imposed on all FOBTs.
The ABB is naturally up in arms and is calling he report “ deeply flawed’ and went on to say that the report is funded by groups that have a vested interest in seeing FOBTs disappear. They went on to say that the possible new regulations could result in many jobs lost in an industry that is already facing many challenges.
CEO of the ABB, Malcolm George said,” It is a deeply flawed report funded by vested interests who would directly benefit if its recommendations are ever implemented. The report is the view of a tiny group of anti-betting shop MPs. This group has been financed by those with interests in the casino, arcade and pub industries. Britain’s bookmakers employ more than 43,000 staff and contribute over £1 billion a year in taxes. But, betting shops are already closing at the rate of more than 100 a year and if the findings of this rigged report are implemented, it could spell the beginning of the end for the High Street bookmaker.”