From 4ceffed1aae6a6a837827a1e3f03956f59058f85 Mon Sep 17 00:00:00 2001 From: aidenmanjarrez Date: Wed, 22 Oct 2025 10:24:54 +0000 Subject: [PATCH] Add William Hill Warns Prime Minister Over FOBTs Rule Change --- ...s-Prime-Minister-Over-FOBTs-Rule-Change.md | 27 +++++++++++++++++++ 1 file changed, 27 insertions(+) create mode 100644 William-Hill-Warns-Prime-Minister-Over-FOBTs-Rule-Change.md diff --git a/William-Hill-Warns-Prime-Minister-Over-FOBTs-Rule-Change.md b/William-Hill-Warns-Prime-Minister-Over-FOBTs-Rule-Change.md new file mode 100644 index 0000000..6fa0def --- /dev/null +++ b/William-Hill-Warns-Prime-Minister-Over-FOBTs-Rule-Change.md @@ -0,0 +1,27 @@ +
William Hill warns prime minister over FOBTs rule modification
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15 May 2018
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ByDominic O'Connell +Today Programme Business Correspondent
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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.
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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.
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The [government](https://gitlab.ujaen.es/fayemessner339) is expected to reveal imminently a decision on its review fixed-odds wagering terminals.
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He proposed tougher guidelines on adverts and a levy to assist problem gamblers.
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Currently, fixed-odds betting [terminals](http://git.oksei.ru/marthagaskins2) (FOBTs) enable gamers to stake as much as ₤ 100 every 20 seconds.
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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.
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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.
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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.
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'Catastrophic'
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Bookmakers support [horse racing](https://gitlab.mi.uni-koeln.de/users/sign_in) through a market levy and offering cash prize.
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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".
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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."
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"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.
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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).
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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.
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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.
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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).
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High stakes for fixed-odds betting devices
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12 May 2018
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Bookmakers struck by harder wager limit fears
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24 April 2018
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Betting machine wagers set for ₤ 30 limit
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19 March 2018
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