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In hopes of helping to stamp out problem gambling, the government of the United Kingdom has reportedly announced that it is planning to reduce the maximum single stake for the nation’s over 34,000 fixed-odds betting terminals (FOBTs) from ￡100 (4.“The government has handed us a tough challenge today and it will take some time for the full impact to be understood,” Philip Bowcock, Chief Executive Officer for London-listed William Hill, reportedly told the broadcaster.69)....
Tracey Crouch, the Minister for Sport and Civil Society in the government of Prime Minister Theresa May, reportedly declared that the stake reduction would ‘reduce harm for the most vulnerable’ and ‘substantially’ help to protect players at risk of developing an addiction to gambling.But, Peter Jackson, Chief Executive Officer for Paddy However, the BBC reported that domestic gambling giant William Hill warned that the ‘unprecedented’ move could see up to 900 of its shops become loss-making propositions and lead to its annual retail revenues dropping by as much as ￡100 million (4....
As far as banking is concerned, the new online gaming site will have players covered, offering several payment methods including Visa, MasterCard, Trustly, Neteller and Skrill.The BBC reported that the maximum stake reduction, which is expected to be implemented over the course of the next twelve months, followed an extensive goreal vegas online casino fiwgvernment review into the machines that is said to have discovered consistently high rates of problem gambling as well as ‘a high proportion of those seeking treatment for gambling addiction’ among FOBTs players.In 2017, a multi-year deal was established that has now led to the integration of Nolimit City content within the Gaming Innovation Group (GiG) online gaming eco-system....
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