bet9ja.com
Paddy Power Betfair advises choice on fixed-odds machines
bet9ja.com
1 November 2017

Betting company Paddy Power Betfair has actually expressed aggravation that a federal government review did not make a decision on fixed-odds wagering terminals.
bet9ja.com
The firm's chief executive Breon Corcoran said the evaluation, launched on Tuesday, stopped working to provide "clarity".

Ministers proposed that bets on the machines be cut from an optimum of ₤ 100 a spin to someplace between ₤ 2 and ₤ 50.

Mr Corcoran has formerly called for the stakes to be slashed to attend to prevalent social concerns.

Campaigners argue the electronic devices feed betting addictions and can see players lose large quantities of cash very quickly.
bet9ja.com
Some had hoped the government would lower the ₤ 100 stake on Tuesday, however ministers decided instead to consult on a variety of options.
bet9ja.com
A good bet? The fixed-odds controversy

Mr Corcoran stated on Wednesday: "We have sought long-lasting certainty and clearness. Yesterday doesn't provide that, however hopefully we will arrive at the next stage."
bet9ja.com
The consultation closes on 23 January, however Mr Corcoran said there could be some "drift" before the federal government makes a decision.
bet9ja.com
Mr Corcoran was speaking as Paddy Power Betfair reported an 8% rise in device gaming in the yohaig code 3 months to the end of September. Group revenue increased by 9% to ₤ 440m.

He has actually previously written to the federal government stating the stakes on fixed-odds machines must be cut to "₤ 10 or less" since the argument has become "so poisonous", according to the yohaig code Financial Times, external.

The makers created more than ₤ 1.8 bn in earnings for the industry last year, assisting to support growth for bookmakers.
bet9ja.com
According to the federal government's assessment documents, external, cutting the stake to ₤ 50 would cost business ₤ 35m, however slashing it to ₤ 2 would see ₤ 639m lost over the next ten years.

The Association of British Bookmakers said on Tuesday the onus was on the to help cut problem betting.

Fixed-odds maximum bet 'might drop to ₤ 2'

Bookies brace for possible sales struck

31 October 2017