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17 May 2018

Maximum stake for fixed-odds betting terminals slashed to £2

Scotland Correspondent

It’s a move that promises to “take a stand” against gambling addiction – but at the same time could cost twenty thousand jobs. The government today said it would cut the maximum stake someone can gamble on a fixed-odds betting machine from 100 pounds to just two pounds. Campaigners welcomed the announcement, but Britain’s bookmakers warned it would cut their profits, forcing them to close thousands of shops.