The largest gambling operators in the UK have pledged to donate £100 million to problem gambling, as well as additional funds to other charities and causes. This has been regarded as a testament that the industry is willing to take its part and help tackle problem gambling.
HMRC is expected to return operators millions of pounds as they have paid in tax more than the amount that they should’ve paid. William Hill will get between £125-£150 million.
Following the report by all party parliamentary group asking for the introduction of a wagering limit on online games, similar to the FOBTs limit that was introduced earlier this year, the share price of multiple gambling operators has decreased.
A report has been submitted to the UK Parliament and it includes a range of suggestions, such as including wagering limits at online casinos, a ban on credit card wagering and more.
The limit that the UK Government put on the amount that players are allowed to wager on a FOBT in a minute, has had an impact on the operators’ profit.
Leading UK betting operators announced that they are going to close a total of 2,100 shops and lay off 12,500 of staff. Ladbrokes will close 900 shops, whereas William Hill is going will cut down the number of shops by 700.
From April 1, the maximum amount that you can stake on a FOBT in the UK is £2, down from £100 which was the previous limit. The Argentinian province of Buenos Aires has just legalised online gambling.