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UK >

Government to review fixed-odds betting machines

by Gavin Drake

Posted: 28 Oct 2016 @ 12:06

THE Government is expected to announce a review of fixed-odds betting terminals (FOBTs) amid growing concern that the high-speed, high-stake gaming machines could be behind as many as nine suicides.

The machines, dubbed “the crack-cocaine of gambling”, allow users to place bets of up to £100 every 20 seconds — making for a potential loss of up to £18,000 in an hour. The maximum winning in any bet is £500. In 2015, consumers lost a staggering £1.7 billion on the machines.

Under ...

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