Motherwell and Wishaw MP, Marion Fellows, has welcomed the news that the maximum stake for fixed odd betting terminals (FOBTs) will be capped at £2 after a long-running SNP campaign at Westminster.
Up until today, the UK has been the only developed country that allowed gamblers to bet up to £100 every 20 seconds on the highly-addictive electronic casino games, according to a Respublica report.
Research from Landman Economics has shown that the average FOBT user loses £192 a month, with the average user of machines already capped at £2 a spin losing just £22 in comparison.
Marion Fellows commented:
I am glad the Tory Government has finally come to its senses and introduced a more responsible maximum stake of £2 on FOBTs, but this change has taken too long.
We should never let the gambling industry dictate government policy for electronic gambling machines or in any circumstance.
FOBTs like roulette are linked to gambling addiction, debt and family breakdowns, and they have taken advantage of vulnerable people in our community for too long.
We’re moving in the right direction to address gambling related harm and to begin to mitigate the number of problem gamblers in the country.
But we need to go further and tackle the link between young people and gambling, the prevalence of online gambling and whether it’s time to introduce a compulsory levy for the bookmakers to fund GambleAware and tackling gambling related harm.
The welfare of the individuals and their families should come before bookmaker profits and the industry must behave responsibly.