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Ladbrokes Coral and William Hill shares drop as MPs recommend FOBT cuts

8th December 2016 11:23 am GMT

The recommendation from a cross-party parliamentary group to slash the maximum stake on fixed-odds betting terminals (FOBTs) in Britain to £2 has caused a slump in the share prices of UK operators.

The country's largest betting shop operators William Hill and Ladbrokes Coral were both hit by the recommendations of the interim report, which follows a six-month inquiry into the machines.

Established in June, the cross-party group is chaired by Carolyn Harris, Labour MP for Swansea East. Its report says that [...]

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