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UK government slashes maximum FOBT stakes to £2

17th May 2018 8:11 am GMT

The UK government has confirmed that the maximum stakes on fixed odds betting stakes (FOBTs) are to be cut from £100 to £2, with this to be accompanied by an increase in taxes paid by iGaming operators.

The measure, which requires parliamentary approval, is being taken for the controversial Category B2 machines following a consultation involving the public and the gambling industry.

The Department of Culture, Media and Sport (DCMS) said that it wanted to reduce the [...]

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