Conservatives must now act on betting shop gaming machines after election

Posted on June 9, 2017 by admin
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There was scarcely an odds-on chance in the main elections markets on Thursday morning that was not turned over when the votes were counted a few hours later, and shares in William Hill and Ladbrokes Coral plc rose steadily on Friday morning. Bookies love nothing more than a shock result.

The firms with off-course shops will have also welcomes the prediction by one industry analyst that the long-awaited review of stake levels in gaming machines may now be delayed still further, perhaps until the autumn. In the meantime, thousands of the Fixed Odds Betting Terminals (FOBTs) gaming machines will continue to rake in huge risk-free profits by offering punters the chance to gamble £100 every 20 seconds.

Read the full story in The Guardian.