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UK Gambling Restrictions: Proposed changes to gambling limits are the wrong approach to a very real problem

MarketLine

The Department for Digital, Culture, Media & Sport, supported by a proposal from the UK Gambling Commission, announced plans on October 31, 2017 to cut the maximum bet that can be made at B2 gaming machines, often known as fixed-odds betting terminals by more than half, from its current level of £100 ($131) to a level around £20-30 ($26-$39). At present a consumer could theoretically bet – and lose – up to £18,000 ($23,600) in one hour on a B2 machine. The government is also considering an increase in the… Read more