Wednesday, September 23, 2020

Tag: £2 stake

Chancellor ignores industry calls to cut the FOBT stake now

Chancellor Philip Hammond budget speech FOBT stake cut
The odds of Philip Hammond bringing the stake cut on FOBTs forward to immediate effect were not that bad going into this week’s Budget Statement. You’d have thought that the weight of public pressure would have shortened the chances to a near favourite. But you’d have thought wrong, as did the entire amusement and soft gaming industry. The chancellor...

Hammond and Hancock make £2 stake deal

Hammond Stake £2
After months of rumours implying a back and forth between the DCMS and the Treasury, it has been reported that a deal has been done to cut the maximum stake on FOBTs to £2.   The Treasury has “signalled a deal” has been done with the DCMS to set the maximum stake on FOBTs to £2, according to national newspaper The...

Iain Duncan Smith supports bacta case for £2 stake

bacta Iain Duncan Smith
A senior bacta delegation comprising National President, Gabi Stergides and Chief Executive, John White supported by Oliver Hogan, Head Economist at the influential Centre for Economics and Business Research (CEBR), met with former leader of the Conservative Party, Iain Duncan Smith, last week to present the findings of CEBR analysis on the economic impact on bookmakers of a reduction...

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