Economic news

UK’s new rules will allow only up to £2 stakes on betting terminals

UK’s government presented future rules saying that the highest stake on fixed-odds betting terminals is going to be decreased to £2. At the moment, the highest bet possible is £100 each 20 seconds for such electronic casino games as roulette.

This kind of stake lowering will mitigate the risks for the most vulnerable, said the country’s Sports Minister. Meanwhile bookmakers have claimed this action could result in closure of thousands of offices.

William Hill company that receives more than 50% of its profits from these betting terminals, said the measure is unprecedented and made clear that 900 of its shops might turn unprofitable, which would force job cuts.


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