Connect with us

WINNING COMBINATION - SOFTSWISS develops innovative iGaming software products for online casino, sports betting, and beyond. Our products can be delivered as standalone solutions or combined into a single iGaming Platform.

The future of sports betting: BETBY sportsbook is focused on innovation through deep industry knowledge, state-of-the-art software & endless customization possibilities.

Latest News

UK Gambling Commission recommends FOBTs stake limit

Published

on

UKGC recommends FOBTs stake limit
Reading Time: 2 minutes

The Gambling Commission has recommended the maximum stake allowed on FOBTs to be cut to £30 or less.

The United Kingdom Gambling Commission (UKGC) has given the government a margin to cut stakes on fixed odd betting terminals (FOBTs). While some parties were asking for the maximum stake to be set at £2, the UKGC said that the number should be reduced from £100 to £30 or less.

The UKGC’s input is one of the most important submissions to a review by the Department for Digital, Culture, Media and Sport, which has announced that the maximum bet on FOBTs will be cut from £100 to a range between £2 and £50. The commission also recommended that the stake on gambling machines like fruit machines should be limited to two pounds.

Neil McArthur, chief executive of the Gambling Commission, said: “In our judgment, a stake cut for fixed odds betting terminals alone doesn’t go far enough to protect vulnerable people. That is why we have recommended a stake cut plus a comprehensive package of other measures to protect consumers. We have proposed actions that will tackle both the risk of harm and provide solutions that are sustainable in the longer term.

Moreover, Tim Miller, executive director of the Gambling Commission, said: “We’re aiming to reduce the risks that people face from these forms of gambling. A stake cut is an important part of our comprehensive package that is recommended to government that will tackle the risks consumers face, but our research has shown that a stake cut alone will not do enough. If the government want to go lower than a £30 maximum stake, that will be perfectly consistent with our advice as we are recommending a maximum stake of £30 or less.

After the announcement this morning, share prices in British shops increased more than 4 per cent for William Hill to 334.5p, while Ladbrokes Coral shares were up by 3.28 per cent to 176.05p.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Advertisement

Advertisement

Advertisement

EveryMatrix at ICE 2025 in Barcelona: Explore advanced iGaming technologies and solutions, including Casino, Sports, Platform, Managed Services, and more. Visit EveryMatrix at stands 2G32, 5K10, and K36.

Advertisement

Launch your iGaming business swiftly and effortlessly with our comprehensive turnkey solutions

Trending (Top 7)

EuropeanGaming.eu is a premier online platform that serves as a leading information hub for the gaming and gambling industry. This industry-centric media outlet reaches over 200,000 readers monthly, providing them with compelling content, the latest news, and deep-dive insights.

Offering comprehensive coverage on all aspects of the gaming sector, EuropeanGaming.eu includes online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant virtual meetups and conferences, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - European Gaming is part of HIPTHER. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.