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Bookmakers prepare for store closures as FOBT stake is cut

Industry hopes to push customers towards online gambling to offset losses

Bookmakers are preparing to shut shops and push customers towards online gambling, as they brace for curbs on fixed-odds betting terminals (FOBTs) that take effect on Monday.

The industry has repeatedly warned that reducing FOBT stakes from £100 to £2 – a move hailed by the culture secretary, Jeremy Wright, on Friday as a “significant step forward in protecting vulnerable people” – would trigger store closures and job losses.

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from The Guardian https://ift.tt/2FCp5fq
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