From c40db8071faa11c927bc2df6317332a0e34957a6 Mon Sep 17 00:00:00 2001 From: janpartridge85 Date: Mon, 20 Oct 2025 05:57:19 +0800 Subject: [PATCH] Add 'William Hill Warns Prime Minister Over FOBTs Rule Change' --- ...s-Prime-Minister-Over-FOBTs-Rule-Change.md | 27 +++++++++++++++++++ 1 file changed, 27 insertions(+) create mode 100644 William-Hill-Warns-Prime-Minister-Over-FOBTs-Rule-Change.md diff --git a/William-Hill-Warns-Prime-Minister-Over-FOBTs-Rule-Change.md b/William-Hill-Warns-Prime-Minister-Over-FOBTs-Rule-Change.md new file mode 100644 index 0000000..b23d494 --- /dev/null +++ b/William-Hill-Warns-Prime-Minister-Over-FOBTs-Rule-Change.md @@ -0,0 +1,27 @@ +
William Hill warns prime minister over FOBTs rule change
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15 May 2018
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ByDominic O'Connell +Today Programme Business Correspondent
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The chairman of bookmaker William Hill has alerted the prime minister his firm threats being bought by a [foreign competitor](https://git2.ujin.tech/kendallprim84) if it is compromised by brand-new wagering guidelines.
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In a letter to Theresa May, Roger Devlin stated changes to the quantity that can be banked on High [Street gambling](https://plamosoku.com/enjyo/index.php?title=%E5%88%A9%E7%94%A8%E8%80%85:KristoferDodery) makers might strike jobs and profits.
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The federal government is expected to [reveal imminently](http://baylan.la.asu.edu3000/zenaidawillshi) a decision on its evaluation fixed-odds wagering terminals.
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He [proposed tougher](https://gitlab.tu-dortmund.de/leonardkidd162) rules on adverts and a levy to assist issue bettors.
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Currently, fixed-odds betting terminals (FOBTs) enable gamers to stake approximately ₤ 100 every 20 seconds.
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A review's interim findings recommended cutting the [optimal](https://alesser.altervista.org/agente/phoebeconlon26/) stakes to ₤ 30, but there have been reports that the quantity might be cut to simply ₤ 2.
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Anti-gambling advocates, who have actually called the fixed-odds machines the "fracture cocaine" of betting, support the relocation.
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Bookies, however, have warned that such a cut would lead to the closure of countless outlets, a big decrease in tax paid to the Treasury, and would have ripple effects on [the yohaig code](https://vila.go.ro/berthamaness5) horse racing industry.
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'Catastrophic'
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Bookmakers support horse racing through an industry levy and offering reward cash.
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Mr Devlin's letter, initially reported by Sky News and seen by the BBC, said UK gambling was "incredibly well regulated".
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He composed: "Sadly, I fear that your federal government is about to decide that is unneeded and lacking in evidence - a choice that will likewise be devastating for a retail betting market utilizing over 40,000 people."
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"Consolidation within our sector continues and I would also not wish to see the impact of a disproportionate ... result being a consider the name of William Hill being contributed to the list of companies now in foreign ownership," he stated.
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Mr Devlin stated William Hill a restriction on [betting marketing](https://www.youtube.com/playlist?list=PLV34pN7j-J3AJoD4_c_sAVfg_4qZGeTPR) on tv before [the yohaig code](https://socialeconomy4ces-wiki.auth.gr/index.php?title=User:WendellKleiman0) watershed, and a levy on the industry to pay for education and treatment of issue gamblers.
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Mr Devlin, who was [appointed chairman](https://www.youtube.com/playlist?list=PLV34pN7j-J3AJoD4_c_sAVfg_4qZGeTPR) of [the yohaig code](https://bk-house.synology.me:3081/dianahaly8341) bookie earlier [this promotion code](https://git.mista.ru/effiecym26974) year, is also chairman of the housebuilder Persimmon, which has actually been racked with [controversy](https://gitea.cs.pollub.pl/rustyswayne98) over a [generous executive](http://baylan.la.asu.edu3000/zenaidawillshi) [pay plan](https://vmi456467.contaboserver.net/geniacisco829).
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Shares in William Hill have been hit hard by worries that [fixed-odds stakes](https://classifieds.ocala-news.com/author/roxie233473) would be cut, [falling dramatically](https://git.vekus.ru/ezequielizn332) last month on [reports](http://baylan.la.asu.edu3000/zenaidawillshi) that the chancellor, Philip Hammond, would not oppose the relocation.
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On Monday, however. William Hill shares leapt after the US [Supreme Court](http://www.annunciogratis.net/author/fosterjdr06) handed down a ruling that would permit states to legalise sports wagering, opening up a huge possible new market to gambling business.
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High stakes for fixed-odds wagering makers
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12 May 2018
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Bookmakers struck by tougher wager limitation fears
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24 April 2018
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[Betting device](https://plamosoku.com/enjyo/index.php?title=%E5%88%A9%E7%94%A8%E8%80%85:KristoferDodery) wagers set for ₤ 30 limit
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19 March 2018
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