Paddy Power Betfair advises decision on fixed-odds machines

1 November 2017

Betting firm Paddy Power Betfair has revealed disappointment that a federal government review did not make a decision on fixed-odds betting terminals.
bet9ja.com
The company's primary executive Breon Corcoran stated the review, launched on Tuesday, stopped working to bet9ja's welcome offer "clarity".
bet9ja.com
Ministers proposed that bets on the machines be cut from an optimum of ₤ 100 a spin to somewhere in between ₤ 2 and ₤ 50.
bit.ly
Mr Corcoran has actually previously required the stakes to be slashed to address widespread social issues.
bet9ja.com
Campaigners argue the electronic machines feed betting addictions and can see gamers lose big amounts of money really rapidly.

Some had actually hoped the federal government would reduce the ₤ 100 stake on Tuesday, but ministers decided rather to speak with on a range of .
bet9ja.com
A good bet? The fixed-odds debate
bet9ja.com
Mr Corcoran said on Wednesday: "We have actually sought long-lasting certainty and clarity. Yesterday doesn't deliver that, but ideally we will arrive at the next phase."
bet9ja.com
the yohaig code assessment closes on 23 January, but Mr Corcoran said there might be some "drift" before the government makes a decision.

Mr Corcoran was speaking as Paddy Power Betfair reported an 8% rise in device video gaming in the yohaig code three months to the end of September. Group revenue rose by 9% to ₤ 440m.
bet9ja.com
He has previously written to the federal government saying the stakes on fixed-odds makers need to be cut to "₤ 10 or less" since the debate has actually ended up being "so toxic", according to the Financial Times, external.
bit.ly
The devices generated more than ₤ 1.8 bn in income for the industry in 2015, helping to support development for bookies.

According to the government's consultation documents, external, cutting the stake to ₤ 50 would cost business ₤ 35m, however slashing it to ₤ 2 would see ₤ 639m lost over the next 10 years.

The Association of British Bookmakers stated on Tuesday the onus was on the gambling industry to help cut problem gaming.
bet9ja.com
Fixed-odds optimum bet 'might drop to ₤ 2'

Bookies brace for possible sales hit

31 October 2017