Betfred staff wages to be linked to fixed-odds terminal profits

Posted on December 12, 2013 by admin
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Hundreds of staff at Britain’s biggest independent bookmaker have been told weeks before Christmas that their pay is being cut by hundreds of pounds a month and that future wages will be linked to the profits of high-speed, high-stakes betting terminals.

In a move condemned by campaigners as Scrooge-like behaviour, Betfred, which has almost 1,400 betting shops in the nation’s high streets, proposes grading the performance of staff with a “higher weighting” given to the profits their shops make from fixed-odds betting terminals (FOBTs) – machines that critics say lead to crime and the regulator warns present a “high inherent money-laundering risk”.

Read more in the Guardian.