bet9ja.com
Paddy Power Betfair advises choice on fixed-odds makers
bet9ja.com
1 November 2017
bet9ja.com
Betting firm Paddy Power Betfair has actually expressed aggravation that a federal did not make a choice on fixed-odds wagering terminals.
bet9ja.com
The firm's chief executive Breon Corcoran stated the evaluation, launched on Tuesday, failed to supply "clearness".
Ministers proposed that bets on the machines be cut from a maximum of ₤ 100 a spin to somewhere between ₤ 2 and ₤ 50.
Mr Corcoran has previously called for the stakes to be slashed to attend to prevalent social issues.
bit.ly
Campaigners argue the yohaig code electronic devices feed betting addictions and can see players lose large amounts of money really rapidly.
bit.ly
Some had hoped the government would reduce the ₤ 100 stake on Tuesday, but ministers chose instead to seek advice from on a variety of choices.
bet9ja.com
A great bet? The fixed-odds debate
Mr Corcoran stated on Wednesday: "We have sought long-lasting certainty and clarity. Yesterday does not provide that, but hopefully we will get there at the next phase."
the yohaig code assessment closes on 23 January, but Mr Corcoran stated there could be some "drift" before the government makes a decision.
bet9ja.com
Mr Corcoran was speaking as Paddy Power Betfair reported an 8% rise in machine gaming in the 3 months to the end of September. Group income increased by 9% to ₤ 440m.
He has actually previously composed to the federal government stating the stakes on fixed-odds makers need to be cut to "₤ 10 or less" due to the fact that the dispute has ended up being "so poisonous", according to the Financial Times, external.
The makers generated more than ₤ 1.8 bn in income for the market last year, assisting to support development for bookies.
According to the yohaig code government's consultation files, external, cutting the stake to ₤ 50 would cost business ₤ 35m, however slashing it to ₤ 2 would see ₤ 639m lost over the next 10 years.
bet9ja.com
The Association of British Bookmakers said on Tuesday the onus was on the gambling market to help cut problem gaming.
Fixed-odds maximum bet 'could drop to ₤ 2'
bet9ja.com
Bookies brace for possible sales struck
31 October 2017
1
Paddy Power Betfair Urges Decision On Fixed-odds Machines
shannonbeit818 edited this page 2025-10-21 16:19:15 +08:00