Tag: Triennial

UK election has increased odds of FOBT stake reduction

Credit Suisse have advised that the government will likely slash the maximum stake for gaming machines to £2, causing a 40-50% profit cut for bookmakers.
Analysts at leading financial agency Credit Suisse advised clients earlier this week that odds have "materially increased" that maximum stakes for gaming machines will be slashed from £100 to £2 as part of the government's long-delayed Triennial Review, following the recent upheaval of the UK political climate. This could potentially lead to a 40-50 percent cut in profits for bookmakers, particularly betting giants William...

UK chancellor fights back following claims of “blocking” Triennial Review

Chancellor, Triennial Review
The government has hit back at accusations from the political elite that the UK chancellor is standing in the way of a review into B2 stakes and prizes. “Categorically untrue” it claims, but in a climate where suspicion usually prevails, it’s going to need some skill set from George Osborne to fend off the assaults.   UK chancellor George Osborne has...