Early Attempts To Replace FOBTs Hurt UK Gambling Industry, Say Experts

Paddy Power Betfair and Betfred’s decision to launch games that seemed to be similar to fixed-odds betting terminals (FOBTs) on the day legislation came into effect to reduce their maximum stakes could affect operators’ long-term attempts to replace that lost revenue, according to industry experts.

Betfred, PaddyPower Betfair and a third unnamed operator, which was “poised” to launch a new product, pulled the games on April 2, following a “warning” from the regulator, according to the UK Gambling Commission.

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