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British bookmakers dismiss speculation over £2 FOBT stake limit

22nd January 2018 11:48 am GMT

Shares in bookmakers Ladbrokes Coral and William Hill slumped in London Monday following speculation in the British press that the UK’s new culture secretary Matt Hancock is in favour of a £2 stake limit on fixed-odds betting terminals.

A public consultation on the government’s plans to cut the £100 maximum stake on fixed odds betting terminals (FOBTs) in the UK to between £2 and £50 ends on Tuesday.

Over the weekend The Sunday [...]

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