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Paddy Power Betfair urges decision on fixed-odds devices
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1 November 2017
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Betting firm Paddy Power Betfair has actually revealed frustration that a government review did not make a decision on fixed-odds wagering terminals.

the yohaig code company's president Breon Corcoran stated the evaluation, launched on Tuesday, stopped working to provide "clearness".

Ministers proposed that bets on the machines be cut from an optimum of ₤ 100 a spin to somewhere in between ₤ 2 and ₤ 50.
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Mr Corcoran has actually previously required the stakes to be slashed to address extensive social concerns.

Campaigners argue the electronic devices feed betting dependencies and can see players lose large quantities of cash really quickly.

Some had actually hoped the would reduce the ₤ 100 stake on Tuesday, however ministers chose instead to speak with on a series of alternatives.

An excellent bet? the yohaig code fixed-odds controversy

Mr Corcoran stated on Wednesday: "We have sought long-term certainty and clarity. Yesterday doesn't provide that, however ideally we will arrive at the next phase."
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The assessment closes on 23 January, but Mr Corcoran said there might be some "drift" before the government makes a final choice.

Mr Corcoran was speaking as Paddy Power Betfair reported an 8% increase in machine gaming in the 3 months to the end of September. Group profits rose by 9% to ₤ 440m.

He has actually formerly composed to the federal government stating the stakes on fixed-odds machines ought to be cut to "₤ 10 or less" because the debate has actually ended up being "so harmful", according to the Financial Times, external.

The machines created more than ₤ 1.8 bn in profits for the industry last year, assisting to support growth for bookmakers.
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According to the government's consultation files, external, cutting the stake to ₤ 50 would cost companies ₤ 35m, but slashing it to ₤ 2 would see ₤ 639m lost over the next ten years.

The Association of British Bookmakers said on Tuesday the onus was on the gaming market to assist cut problem betting.

Fixed-odds maximum bet 'could drop to ₤ 2'
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