Last year the betting industry made £1.7 billion profit from FOBTs. The Department for Digital, Culture, Media and Sport (DCMS) will cut the maximum stake on betting machines known as the “crack cocaine of gambling”, although it has yet to decide on the final level, saying it will be somewhere between £2 and £50. At present the machines, known as Fixed-Odds Betting Terminals or FOBTs, allow customers to place bets of up to £100 every 20 seconds on electronic casino games such as blackjack and roulette. The industry and campaigners now have a 12-week consultation period to submit evidence on what they believe will be the most appropriate limit. Some senior ministers are understood to…

Source: The Times October 31, 2017 08:59 UTC