UK gamblers lose record £13.8bn as industry braces for FOBT crackdown

UK gamblers lose record £13.8bn as industry braces for FOBT crackdown

From theguardian.com

British gamblers lost a record £13.8bn in the year ending September 2016, including an all-time high of £1.8bn on controversial fixed-odds betting terminals (FOBTs). The figures, released by industry regulator the Gambling Commission, come just weeks before a long-awaited government review of the industry is due to be published. The review has seen FOBTs, which allow gamblers to stake up to £100 every 20 seconds, become a focal point for campaigners supporting tighter regulation, with both the Liberal Democrat and Labour promising to cut the maximum bet to £2 if they win the general election. The commission’s ... (full story)

This is UK's core business they not going to touch this (would also take out betting rock Gibraltar overnight)

Labour introduced FOBT. The sooner they are shut down the better

Again, gov. trying to protect individuals from themselves.....