Ministers ignore pleas from bookmakers and decide to reduce stake from £100

The maximum permitted stake on controversial fixed-odds betting terminals (FOBTs) will be cut from £100 to £2, the government has announced after ministers ignored pleas from bookmakers and branded the machines a “social blight”.

The Department for Culture, Media and Sport opted for £2 after more than a year of furious argument between anti-FOBT groups and high street bookmakers, who derive more than half of their revenue from the machines.

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Read More Maximum stake for fixed-odds betting terminals cut to £2

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