Home Business News Major government u-turn on gambling regulations

Major government u-turn on gambling regulations

by LLB Reporter
14th Nov 18 3:45 pm

The government has bowed to increasing pressure from lawmakers by bringing forward a planned reform of gambling regulations by six months.

Culture minister Jeremy Wright said today that a previously announced cut to the maximum stake on fixed-odds betting terminals (FOBTs) would now take place next April.

“The government has been clear that protecting vulnerable people is the prime concern, but that as a responsible government it is also right to take the needs of those employed by the gambling industry into account and provide time for an orderly transition,” Wright stated, adding: “Parliament has, however, been clear that they want this change to be made sooner. The government has listened and will now implement the reduction in April 2019.”

Wright also said that a planned increase in Remote Gaming Duty, paid by online gaming operators, would also be brought forward to April to cover the negative impact on the public finances as a result of the cut to the maximum FOBT stake.

“The government will expect the gambling industry to work with it to reduce the effect of any impact on jobs and to support employees that may be affected by this expedited timeline,” he added.

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