The Telegraph – The smart money is on a gambling machine clampdown as early as this year, according to the bears at JPMorgan Cazenove. Ladbrokes dropped 8.1, or 4.9pc, to 158.6p and William Hill slid 6.6, or 1.8pc, to 355.4p after the broker’s betting experts said Government restrictions on Fixed Odds Betting Terminals (FOBT) were likely to be implemented in the autumn, although moves could be made earlier in 2014. “A reduction in stakes and/or prizes is the most likely outcome, in our view, which could be achieved within existing legislation,” the analysts argued. That in turn could lead to…