1 Paddy Power Betfair Urges Decision On Fixed-odds Machines
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Paddy Power Betfair prompts choice on fixed-odds makers
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1 November 2017

Betting firm Paddy Power Betfair has actually revealed disappointment that a government review did not make a choice on fixed-odds betting terminals.
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The company's chief executive Breon Corcoran stated the evaluation, released on Tuesday, stopped working to bet9ja's welcome offer "clarity".

Ministers proposed that bets on the machines be cut from an optimum of ₤ 100 a spin to someplace between ₤ 2 and ₤ 50.
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Mr Corcoran has actually previously required the stakes to be slashed to address widespread social concerns.
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Campaigners argue the electronic devices feed gambling dependencies and can see gamers lose big amounts of money very rapidly.

Some had hoped the government would decrease the ₤ 100 stake on Tuesday, however ministers chose rather to consult on a range of alternatives.
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A great bet? The fixed-odds debate

Mr Corcoran stated on Wednesday: "We have sought long-lasting certainty and clarity. Yesterday doesn't provide that, but hopefully we will arrive at the next stage."
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The consultation closes on 23 January, but Mr said there could be some "drift" before the government makes a last decision.

Mr Corcoran was speaking as Paddy Power Betfair reported an 8% rise in device video gaming in the 3 months to the end of September. Group income rose by 9% to ₤ 440m.
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He has previously composed to the federal government stating the stakes on fixed-odds makers should be cut to "₤ 10 or less" due to the fact that the debate has become "so poisonous", according to the Financial Times, external.

The devices produced more than ₤ 1.8 bn in profits for the industry last year, assisting to support development for bookies.
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According to the federal government's consultation files, external, cutting the yohaig code stake to ₤ 50 would cost companies ₤ 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 onus was on the gambling market to help cut issue gambling.
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Fixed-odds maximum bet 'could drop to ₤ 2'

Bookies brace for possible sales hit

31 October 2017