Bookies' shares rise after commission calls for £30 upper limit on machines

Share prices in British betting shops rose on Monday after the Gambling Commission recommended setting the maximum stake for fixed odds betting terminals at £30, a higher cap than campaigners had sought.

The commission also recommended that the stake on gambling machines offering slots games, like traditional fruit machines, should be limited to £2.

The Government said in October it would reduce the maximum stake on in-shop fixed odds betting terminals (FOBTs) to between £2 and £50 from £100 to help tackle problem gambling after a consultation in January.

The Sunday Times cited an ally of Culture Secretary Matt Hancock then as saying the limit would be set at the bottom of that range.

It is up to the Government whether to implement the commission's recommendations.




Reuters.
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