Bookmakers prepare for store closures as FOBT stake is cut

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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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