Paddy Power Betfair advises decision on fixed-odds machines
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1 November 2017
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Betting company Paddy Power Betfair has expressed frustration that a government review did not decide on fixed-odds wagering terminals.
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The firm's president Breon Corcoran said the review, launched on Tuesday, failed to provide "clarity".

Ministers proposed that bets on the devices be cut from a maximum of ₤ 100 a spin to somewhere between ₤ 2 and ₤ 50.

Mr Corcoran has formerly required the stakes to be slashed to deal with prevalent social concerns.

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

Some had actually hoped the government would reduce the ₤ 100 stake on Tuesday, however ministers decided instead to speak with on a series of alternatives.
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A great bet? The fixed-odds controversy

Mr Corcoran stated on Wednesday: "We have sought long-term certainty and clarity. Yesterday does not deliver that, but 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 decision.

Mr Corcoran was speaking as Paddy Power Betfair reported an 8% increase in machine gaming in the 3 months to the yohaig code end of September. Group earnings rose by 9% to ₤ 440m.
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He has formerly composed to the government stating the stakes on fixed-odds machines must be cut to "₤ 10 or less" due to the fact that the dispute has actually ended up being "so toxic", according to the yohaig code Financial Times, external.

The makers generated more than ₤ 1.8 bn in income for the industry last year, helping to support development for bookies.

According to the government's assessment files, external, cutting the stake to ₤ 50 would cost companies ₤ 35m, however 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 issue gaming.

Fixed-odds optimum bet to ₤ 2'
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