The UK’s new limit on fixed odds betting terminal (FOBT) stakes of £2 came into force this week, hitting the revenues of most of the high street bookmakers. One of the architects of the change was the trade association for the street market, BACTA, that quietly celebrated its success.
The reduction from £100 per play drastically reduced the potential for high stakes loss and gambling harm. Said the association’s CEO John White: “The implementation of the £2 limit is an important milestone and is very much welcome. The reduction is essential and will go a long way to reduce the potential for harm. The whole gambling industry must now redouble its efforts to place social responsibility at its heart.
The amusement machine sector has been badly affected both economically and reputationally by FOBTs. Our sector is about British heritage, family fun and enjoyment provided by sustainable businesses that protect players while giving them a unique experience in venues across the country. With this stake cut there is a much better chance we can do that successfully.”
The association took the opportunity to launch its social responsibility charter and code of practice. From Monday BACTA’s 490 members must abide by 13 pledges covering areas from player protection and staff training to the maintenance of premises and age verification.
Said White: “Social responsibility is a matter of the utmost importance for BACTA and all our members. This updated charter reinforces our commitment to creating a socially responsible environment for every customer, and ensuring we follow best practice on player protection.
“Only by creating a safe environment for players can we ensure that the industry delivers the fun, family-friendly experience that customers expect.”
