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