Tag: fixed odds betting terminals labour UK
Labour to force vote on UK curbing of fixed odds betting terminals
January 8, 2014
iGaming Business – UK opposition party Labour is set to force a vote in Parliament on its plans to give councils the power to ban fixed odds betting terminals (FOBTs) from bookmakers in their constituencies. According to the BBC, Labour is to use an opposition day debate in the House of Commons on Wednesday to press the government into taking action on the issue. There are currently 33,000 FOBTs in place in the UK, making around £1.5 billion (€1.8 billion/£2.5 billion) each year for the larger bookmakers, an amount estimated to be half of their annual profits. The machines, which…