The UK's hung Parliament is more likely to mean an aggressive cut to the size of stakes allowed on gambling machines - a move that could hit revenues across the industry, experts have said. <\/p>\n
Punters can bet up to 100 a time on fixed odds betting terminals, known as FOBTs, but MPs had been considering whether to reduce this level as part of a wider triennial review ofthe gambling industry by government. <\/p>\n
The terminals havebeen dubbed the \"crack cocaine\"of the gambling industryand both Labour and the Liberal Democrats stated in their manifestos an intention to slash the size ofbet a gambler could make at one time on a FOBT to 2. <\/p>\n
This level could see some of the UK's biggest bookmakers lose hundreds of millions in pounds of revenue on the changes, according to analysis from Barclays. <\/p>\n
The Conservative Party did not state a preference for limiting the size of stakes on FOBTs, but the Democratic Unionist Party, upon which it must now depend for votes, has previously indicated its opposition to gambling terminals. <\/p>\n
Analysts at Barclays said the make-up of the new Parliament meant the \"probability of a maximum stakes being cut to 2 has increased\", something likely to worry investors. <\/p>\n
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Gambling industry bets hung parliament will lead to tougher action on fixed-odds terminals - Telegraph.co.uk<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The UK's hung Parliament is more likely to mean an aggressive cut to the size of stakes allowed on gambling machines - a move that could hit revenues across the industry, experts have said. Continue reading