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Gambling operators right to be fearful as parliamentary group flexes its muscles
Next month's general election will have all sorts of consequences and the gambling industry has just experienced one of them.
The Gambling Related Harm All-Party Parliamentary Group this week released its interim report on online gambling, the recommendations from which – including a £2 stake limit on slot machine games – wiped tens of millions of pounds from the stock market values of a number of operators.
The APPG, which has membership from across the political spectrum, is not a decision-making body but it is regarded as influential having played a part in its previous guise in forcing the government to accede to demands that the maximum stake on FOBTs be reduced to £2.
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