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<br>William Hill warns prime minister over FOBTs rule modification<br>
<br>15 May 2018<br>
<br>ByDominic O'Connell
Today Programme Business Correspondent<br>
<br>The chairman of bookie William Hill has cautioned the prime minister his firm risks being bought by a foreign rival if it is damaged by [brand-new betting](https://x.com/YohaigNG/status/1845872747924123782) rules.<br>
<br>In a letter to Theresa May, Roger Devlin said modifications to the quantity that can be banked on High Street gambling machines could hit tasks and revenues.<br>
<br>The [government](https://gitlab.ujaen.es/fayemessner339) is expected to reveal imminently a decision on its review fixed-odds wagering terminals.<br>
<br>He proposed tougher guidelines on adverts and a levy to assist problem gamblers.<br>
<br>Currently, fixed-odds betting [terminals](http://git.oksei.ru/marthagaskins2) (FOBTs) enable gamers to stake as much as ₤ 100 every 20 seconds.<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
<br>A [review's interim](https://osclass-classifieds.a2hosted.com/index.php?page=user&action=pub_profile&id=188847&item_type=active&per_page=16) findings recommended cutting the optimal stakes to ₤ 30, however there have actually been reports that the [quantity](http://knowledge.thinkingstorm.com/UserProfile/tabid/57/userId/2206627/Default.aspx) could be cut to simply ₤ 2.<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
<br>Anti-gambling advocates, who have called [the yohaig code](https://calm-shadow-f1b9.626266613.workers.dev/cfdownload/https://www.kenpoguy.com/phasickombatives/profile.php?id=2985348) fixed-odds makers the "crack cocaine" of betting, support the move.<br>[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
<br>Bookies, however, have warned that such a cut would result in the closure of [thousands](https://wikisofia.cz/wiki/U%C5%BEivatel:LuciePelsaert5) of outlets, a huge decrease in tax paid to the Treasury, and would have [knock-on impacts](https://osclass-classifieds.a2hosted.com/index.php?page=user&action=pub_profile&id=186025&item_type=active&per_page=16) on the horse racing industry.<br>[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
<br>'Catastrophic'<br>
<br>Bookmakers support [horse racing](https://gitlab.mi.uni-koeln.de/users/sign_in) through a market levy and offering cash prize.<br>
<br>Mr Devlin's letter, initially reported by Sky News and seen by the BBC, said [UK betting](https://vila.go.ro/berthamaness5) was "very well regulated".<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
<br>He wrote: "Sadly, I fear that your government will decide that is unnecessary and doing not have in evidence - a decision that will likewise be catastrophic for a retail betting industry using over 40,000 individuals."<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
<br>"Consolidation within our sector continues and I would also not want to see the impact of an out of proportion ... outcome being a consider the name of William Hill being added to the list of business now in foreign ownership," he said.<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
<br>Mr Devlin said William Hill supported a restriction on betting advertising on television before the watershed, and a levy on the industry to spend for education and treatment of [issue bettors](https://osclass-classifieds.a2hosted.com/index.php?page=user&action=pub_profile&id=186025&item_type=active&per_page=16).<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
<br>Mr Devlin, who was selected chairman of the bookmaker earlier [this promotion code](http://git.oksei.ru/marthagaskins2) year, is also chairman of the housebuilder Persimmon, which has been racked with controversy over a generous executive pay plan.<br>
<br>Shares in [William Hill](https://www.youtube.com/playlist?list=PLV34pN7j-J3AJoD4_c_sAVfg_4qZGeTPR) have been hit hard by worries that [fixed-odds stakes](https://git.vekus.ru/ezequielizn332) would be cut, falling sharply last month on reports that the chancellor, Philip Hammond, would not oppose the move.<br>
<br>On Monday, though. William Hill shares jumped after the US bied far a judgment that would enable states to [legalise sports](https://working.altervista.org/employer/kc-gaming-networks-ltd/) betting, opening up a big possible new market to [gambling companies](https://vila.go.ro/berthamaness5).<br>
<br>High stakes for fixed-odds betting devices<br>
<br>12 May 2018<br>
<br>Bookmakers struck by harder wager limit fears<br>
<br>24 April 2018<br>
<br>Betting machine wagers set for ₤ 30 limit<br>
<br>19 March 2018<br>