Paddy Power Betfair Urges Decision On Fixed-odds Machines
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Paddy Power Betfair advises choice on fixed-odds makers

1 November 2017
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Betting company Paddy Power Betfair has revealed frustration that a federal government review did not decide on fixed-odds wagering terminals.

The firm's president Breon Corcoran stated the review, released on Tuesday, failed to provide "clarity".

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

Mr Corcoran has actually previously required the stakes to be slashed to deal with extensive social concerns.
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Campaigners argue the electronic makers feed gambling dependencies and can see gamers lose big quantities of cash extremely quickly.

Some had hoped the federal government would decrease the ₤ 100 stake on Tuesday, but ministers decided instead to speak with on a variety of alternatives.

An excellent bet? the yohaig code fixed-odds debate
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Mr Corcoran said on Wednesday: "We have actually looked for long-term certainty and clearness. Yesterday doesn't deliver that, but hopefully we will arrive at the next phase."

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

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

He has previously written to the government stating the stakes on fixed-odds makers should be cut to "₤ 10 or less" because the argument has actually ended up being "so hazardous", according to the Financial Times, external.
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The machines generated more than ₤ 1.8 bn in income for the industry in 2015, helping to support growth for bookies.

According to the federal government's consultation files, external, cutting the stake to ₤ 50 would cost business ₤ 35m, however slashing it to ₤ 2 would see ₤ 639m lost over the next 10 years.
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The Association of British Bookmakers stated on Tuesday the yohaig code onus was on the gaming market to help cut problem betting.
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