FOBT debate reignites as reports suggest dramatic cut
The chances of the government reducing the maximum stakes on FOBTs to £2 appeared to have risen last week, wiping millions off the value of Ladbrokes Coral and William Hill and prompting dire warnings about the possible effect on British racing.
They were reacting to a Sunday Times report suggesting that culture secretary Matt Hancock favoured cutting the maximum stakes on the controversial machines to the lowest option set out in the government's consultation which closed last Tuesday.
The Department for Digital, Culture, Media and Sport said the stake would be cut from the current maximum of £100 but would only add: "We are currently consulting on what the exact cut should be, and will make a final decision in due course, once all the evidence has been considered."
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