PM Theresa May Confirms There Will Be Cuts On FOBT Maximum Stakes
Following earlier reports by Culture Secretory Matthew Hancock that maximum stakes for FOBTs will be cut to possibly £2, Prime Minster Theresa May has confirmed there will be cuts but did not confirm the exact amount.
At Prime ministers questions, Tory Minister John Hughes urged PM May to reduce the maximum stake allowed on these machines that are dubbed the “crack cocaine of gambling”. In response May confirmed that the government would do so but did not give any more details as to the level of the cuts. She said that was clear that the takes on FOBTs will be cut in order to ensure a safe and sustainable industry where children and the vulnerable are protected.
She went on to say that the consultation process by the Department for Digital, Culture, Media and Sport did close this week and a final decision is expected soon. May emphasized the that the government will base their decision on the best information possible after all the potential threats and dangers have been considered.
Hayes said what many anti-gambling voices have been preaching for years in that the FOBTs are a “social blight” that cause devastation, debt and despair.