Bookies wait for outcome on fixed-odds stakes

Posted on April 11, 2017 by admin
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Bookmakers have bet on unlikely saviours — Brexit, the Treasury, even the Queen — to halt a regulatory raid on earnings at Britain’s largest gambling companies.

Such hopes appear to be long shots as the government prepares to announce the findings of a review into the gambling industry that is threatening to upend the sector.

Among the issues being addressed by the Department for Culture, Media and Sport is the perceived harm caused by fixed-odds betting terminals (FOBTs) — gambling machines within betting shops which offer games like roulette.

Read the full story in the Financial Times