William Hill Warns Prime Minister Over FOBTs Rule Change: Difference between revisions
IveyHeng48 (talk | contribs) (Created page with "[https://register.bet9ja.com/?btag=yohaig&promocode=yohaig bet9ja.com]<br>William Hill cautions prime [https://calm-shadow-f1b9.626266613.workers.dev/cfdownload/https://www.kenpoguy.com/phasickombatives/viewtopic.php?id=5621041 minister] over FOBTs guideline change<br><br><br>15 May 2018<br>[https://bit.ly/Bet9jaPromotionCodeYOHAIG bit.ly]<br><br>ByDominic O'Connell<br>Today Programme Business Correspondent<br><br><br>The chairman of bookie William Hill has actually caut...") |
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Latest revision as of 10:02, 19 October 2025
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William Hill cautions prime minister over FOBTs guideline change
15 May 2018
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ByDominic O'Connell
Today Programme Business Correspondent
The chairman of bookie William Hill has actually cautioned the prime minister his firm threats being bought by a foreign rival if it is deteriorated by brand-new betting guidelines.
In a letter to Theresa May, Roger Devlin stated modifications to the amount that can be wagered on High Street gambling machines could hit tasks and profits.
The government is anticipated to reveal imminently a last decision on its evaluation fixed-odds betting terminals.
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He proposed harder rules on adverts and a levy to help problem bettors.
Currently, fixed-odds betting (FOBTs) permit players to stake approximately ₤ 100 every 20 seconds.
An evaluation's interim findings recommended cutting the optimal stakes to ₤ 30, but there have been reports that the amount might be cut to just ₤ 2.
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Anti-gambling advocates, who have called the fixed-odds makers the "fracture cocaine" of gaming, support the relocation.
Bookies, nevertheless, have cautioned that such a cut would lead to the closure of countless outlets, a big decrease in tax paid to the Treasury, and would have ripple effects on the horse racing industry.
'Catastrophic'
Bookmakers support horse racing through a market levy and offering prize money.
Mr Devlin's letter, first reported by Sky News and seen by the BBC, said UK gambling was "exceptionally well managed".
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He wrote: "Sadly, I fear that your federal government will decide that is unnecessary and doing not have in evidence - a decision that will likewise be disastrous for a retail betting market utilizing over 40,000 individuals."
"Consolidation within our sector continues and I would likewise not desire to see the impact of an out of proportion ... result being a consider the name of William Hill being contributed to the list of business now in foreign ownership," he stated.
Mr Devlin stated William Hill supported a ban on gambling advertising on tv before the watershed, and a levy on the industry to spend for education and treatment of problem gamblers.
Mr Devlin, who was designated chairman of the bookmaker earlier this promotion code year, is likewise chairman of the yohaig code housebuilder Persimmon, which has been racked with controversy over a generous executive pay scheme.
Shares in William Hill have been hit hard by fears that fixed-odds stakes would be cut, falling dramatically last month on reports that the chancellor, Philip Hammond, would not oppose the move.
On Monday, though. William Hill shares jumped after the US Supreme Court handed down a judgment that would allow states to legalise sports betting, opening up a big possible brand-new market to betting business.
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High stakes for fixed-odds betting machines
12 May 2018
Bookmakers hit by harder wager limitation fears
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24 April 2018
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