Betting terminal curbs get Paddy Power Betfair backing

Different bookmakers are now raising their eyebrows after UK-listed firm Paddy Power Betfair surprisingly throws its support on the imposition of heavy curbs on betting machines.

The Financial Times reported that Paddy Power is the first big bookmaker to ever expressed support on the fixed-odds betting terminals (FOBTs) curbs, which may lead to shop closures, job losses, and a hit to the Treasury’s tax receipts from gambling companies.

Citing a supposed letter to Department for Culture, Media and Sport (DCMS) Minister Tracey Couch, Paddy Power chief executive Breon Corcoran has proposed for the implementation of a machine stakes limit of “£10 or less.”

He is convinced that the FOBT curb will “address societal concerns” and at the same time save the reputation of the whole gambling industry in the long run.