Sunday Mirror claims government is to reduce stake on FOBTs to £2 a spinPrint this page
The Campaign for Fairer Gambling writes about recent comments from bookmakers on FOBT stake levels, in advance of the Government decision expected shortly.
In the same week the CEO of Ladbrokes sold £380,000 worth of shares in his company, the Sunday Mirror reported that Ministers were planning to reduce the maximum stake on Fixed Odds Betting Terminals (FOBTs) to £2 a spin. A reduction to £2 a spin would eliminate the addictive, high-speed roulette and casino content from the bookies’ machines, as a Whitehall source disclosed: “That’s the point of a £2 stake. But it’s not the message we want to put out publicly.”
Despite reports to the contrary, a source close to the Treasury told the Mirror they were not opposing a £2 stake, paving the way for gambling Minister Tracey Crouch – who has led the review – and Secretary of State Matthew Hancock, to come to the evidence-based decision of backing £2.
Fairer Gambling’s Matt Zarb-Cousin drew the parallel between drug addiction and problem gambling in an op-ed for the Sunday Mirror, describing FOBTs as a “Class A” gambling product, while Chair of the All Party Parliamentary Group on FOBTs Carolyn Harris highlighted the political consensus around £2 being the most appropriate level. She also wrote for LabourList.