Paddy Power Betfair urges decision on fixed-odds machines
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1 November 2017

Betting company Paddy Power Betfair has actually expressed aggravation that a federal government evaluation did not make a decision on fixed-odds wagering terminals.

The company's president Breon Corcoran said the review, launched on Tuesday, stopped working to supply "clearness".
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Ministers proposed that bets on the machines be cut from a maximum of ₤ 100 a spin to somewhere in between ₤ 2 and ₤ 50.
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Mr Corcoran has previously called for the stakes to be slashed to deal with prevalent social concerns.
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Campaigners argue the electronic makers feed gambling addictions and can see gamers lose large quantities of money extremely rapidly.
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Some had actually hoped the government would decrease the ₤ 100 stake on Tuesday, however ministers decided rather to speak with on a series of .
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A good bet? The fixed-odds controversy

Mr Corcoran said on Wednesday: "We have actually sought long-term certainty and clarity. Yesterday doesn't deliver that, however ideally we will get there at the next phase."

The assessment closes on 23 January, however Mr Corcoran said there might be some "drift" before the yohaig code federal government makes a decision.

Mr Corcoran was speaking as Paddy Power Betfair reported an 8% increase in machine gaming in the three months to the end of September. Group earnings increased by 9% to ₤ 440m.

He has formerly composed to the federal government saying the yohaig code stakes on fixed-odds machines need to be cut to "₤ 10 or less" due to the fact that the argument has become "so poisonous", according to the yohaig code Financial Times, external.

The makers generated more than ₤ 1.8 bn in revenue for the industry in 2015, assisting to support development for bookmakers.
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According to the federal government's assessment documents, external, cutting the stake to ₤ 50 would cost companies ₤ 35m, but slashing it to ₤ 2 would see ₤ 639m lost over the next ten years.
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The Association of British Bookmakers stated on Tuesday the onus was on the gambling industry to assist cut problem gaming.
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Fixed-odds optimum bet 'might drop to ₤ 2'

Bookies brace for possible sales struck

31 October 2017