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Paddy Power Betfair prompts decision on fixed-odds machines
bet9ja.com
1 November 2017

Betting firm Paddy Power Betfair has actually revealed aggravation that a federal government review did not make a decision on fixed-odds betting terminals.
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The company's president Breon Corcoran stated the evaluation, launched on Tuesday, stopped working to provide "clearness".

Ministers proposed that bets on the makers be cut from an optimum of ₤ 100 a spin to somewhere between ₤ 2 and ₤ 50.
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Mr Corcoran has previously called for the stakes to be slashed to deal with prevalent social .
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Campaigners argue the electronic machines feed betting dependencies and can see gamers lose large quantities of money really rapidly.
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Some had actually hoped the government would decrease the yohaig code ₤ 100 stake on Tuesday, however ministers decided rather to consult on a range of options.

A good bet? The fixed-odds controversy

Mr Corcoran stated on Wednesday: "We have sought long-lasting certainty and clarity. Yesterday doesn't provide that, however ideally we will get there at the next stage."
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The assessment closes on 23 January, however Mr Corcoran said there could be some "drift" before the federal government makes a final decision.

Mr Corcoran was speaking as Paddy Power Betfair reported an 8% increase in machine video gaming in the 3 months to the end of September. Group income increased by 9% to ₤ 440m.

He has actually previously written to the government saying the stakes on fixed-odds makers ought to be cut to "₤ 10 or less" due to the fact that the debate has actually ended up being "so poisonous", according to the Financial Times, external.

The devices produced more than ₤ 1.8 bn in earnings for the market in 2015, helping to support growth for bookies.

According to the government's consultation files, external, cutting the stake to ₤ 50 would cost business ₤ 35m, however slashing it to ₤ 2 would see ₤ 639m lost over the next 10 years.

The Association of British Bookmakers stated on Tuesday the onus was on the betting market to help cut issue gambling.
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Fixed-odds optimum bet 'could drop to ₤ 2'
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Bookies brace for possible sales hit

31 October 2017
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