Paddy Power Betfair prompts decision on fixed-odds devices
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1 November 2017
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Betting company Paddy Power Betfair has actually revealed aggravation that a government review did not decide on fixed-odds betting terminals.
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The firm's president Breon Corcoran said the evaluation, launched on Tuesday, failed to provide "clearness".

Ministers proposed that bets on the machines be cut from an optimum of ₤ 100 a spin to someplace in between ₤ 2 and ₤ 50.

Mr Corcoran has previously required the stakes to be slashed to deal with widespread social concerns.
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Campaigners argue the electronic devices feed betting addictions and can see players lose large amounts of money really rapidly.

Some had actually hoped the would lower the ₤ 100 stake on Tuesday, however ministers decided instead to consult on a variety of choices.
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An excellent bet? The fixed-odds controversy

Mr Corcoran stated on Wednesday: "We have sought long-lasting certainty and clearness. Yesterday does not deliver that, however ideally we will arrive at the yohaig code next stage."

The consultation closes on 23 January, but Mr Corcoran said there might be some "drift" before the government makes a decision.

Mr Corcoran was speaking as Paddy Power Betfair reported an 8% rise in device video gaming in the 3 months to the end of September. Group earnings increased by 9% to ₤ 440m.
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He has actually formerly composed to the government stating the stakes on fixed-odds makers ought to be cut to "₤ 10 or less" because the argument has become "so poisonous", according to the Financial Times, external.
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The makers generated more than ₤ 1.8 bn in revenue for the market last year, helping to support development for bookmakers.

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 stated on Tuesday the onus was on the gaming market to assist cut issue gambling.
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Fixed-odds optimum bet 'might drop to ₤ 2'
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Bookies brace for possible sales hit

31 October 2017
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