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.