UK Regulator Says No Current Plans For Online Stakes Cut

Gambling Commission chief executive Neil McArthur has said the regulator is not currently planning to recommend that the UK government impose stake or prize limits on online gambling.

In recent months, UK online gambling operators have grown fearful that their sector could face drastic stake cuts to match those on fixed-odds betting terminals (FOBTs) — cuts that have led William Hill to shut 30 percent of its 2,300 shops by year-end.

"We've not yet reached a point where we would impose limits on stakes or limits on prizes," McArthur told BBC's Panorama show this week. "If operators use the information available to them, they ought to be able to keep players safe, to keep players playing within levels they can afford to play."

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