Delays to FOBT curbs will cost Treasury more than £100m – report

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Slashing highest-permitted stake from £100 to £2 could be postponed until 2020

The Treasury will lose more than £100m for every year that it postpones curbs on bookmakers’ fixed-odds betting terminals (FOBTs), according to a report.

The government has agreed to slash the highest-permitted stake on FOBTs from £100 to £2 after concluding that they are a “social blight”, but it is considering postponing the change until 2020.

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