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UK Gambling Minister Pushing For FOBT Stake Cut Next Year 6th Sep 2018 | Written by: Carl Altaner in Westminster Tracey Crouch MP has confirmed that the stake cut from £100 to £2 for fixed-odds betting terminals (FOBTs) is likely to be announced in the autumn budget and that implementation should begin after the start of the next financial year in April 2019. In Wednesday’s evidence session for the All-Party Parliamentary Group on FOBTs, Crouch told the audience of MPs, bookmakers and gaming activists that the FOBT stake slash will “hopefully” be enacted in the next financial year. Crouch said that the Department for Digital, Culture, Media & Sport has “been crossing the Ts and dotting the Is on this. We are in the final stages of finishing and we expect it to be done within the quarter.” To continue reading please log in or request a demo to speak to a member of the team.
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Chinese police arrest 63 for online football gambling Source: Xinhua| 2018-09-06 22:01:00|Editor: zh HANGZHOU, Sept. 6 (Xinhua) -- Police in east China's Zhejiang Province arrested 63 people for organizing online football gambling involving around three billion yuan (438 million U.S. dollars). Police in the city of Ningbo received a tip-off about a gang setting up online casino in April. An initial investigation showed that the gang was led by a man surnamed Dai and run by different levels of agents who deduct different percentages from the gambling money brought to the website. In July, the police launched a raid and apprehended 38 suspects. So far, police have captured 63 suspects, with around 10 still at large. Police have also confiscated 2.25 million yuan of illegal income and frozen 5 million yuan in their bank accounts. The total illegal income reached more than 30 million yuan, police estimated.
For the original version including any supplementary images or video, visit http://www.xinhuanet.com/english/2018-09/06/c_137450130.htm
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