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Paddy Power Betfair splits industry on FOBTs stakes

7th March 2018 8:50 am GMT

New Paddy Power Betfair chief executive officer Peter Jackson emphasized his company’s distance from the rest of the industry on the vexed issue of cutting the maximum stake for fixed odds betting machines (FOBTs).

Jackson reiterated his predecessor Breon Corcoran’s call for a cut in the maximum stakes on FOBTs to £10 or less, following this morning’s announcement of the company’s financial results.

“The FOBT issue needs to be dealt with. I’m not sure any of the [...]

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