YEAR IN REVIEW

2024: A Landmark Year in NetShop ISP's History.

Read the Article
  • +357 2425 0808
  • Login
  • English

Home

Blog

Betfred’s MD urges UK government on FOBT...

Betfred’s MD urges UK government on FOBT changes

Betfred’s MD urges UK government on FOBT changes

NetShop ISP

NetShop ISP · Blog Author

May 14, 2018 · Archive

Betfred’s Managing Director, Mark Stebbing, has called on the UK government to reconsider its plans to reduce fixed-odds betting terminals (FOBTs) stake to £2 maximum.

According to UK bookmakers, this would result in closing 4,000 betting shops and more than 20,000 jobs being lost, as well as a sharp decline in the amount of government tax on gambling taxes.

Betfred’s MD, said: “I want to be sure when the government makes its decision it is aware of the consequences on people’s jobs, livelihoods and families, if it decides to propose a £2 maximum stake,”

“These are people we have employed, trained and worked with for many years, and much upset and heartache will go into having to make them redundant,” he continued.

“In addition, there will be a huge impact on indirect jobs, with Betfred having 592 suppliers alone. As managing director, I owe it to the thousands of staff to make sure the government knows that when it comes to jobs the stakes are high.”

He added: “Any government action should be based on evidence alone and it must be recognised that responsible gambling is already, and will remain, the industry’s number-one priority.”

Press Releases
84

Free VPS Trial

No Credit Card Required.

Recent Posts

How To Install Virtualizor KVM on Ubuntu 22.04

How To Install Virtualizor KVM on Ubuntu 22.04

05 March, 2025

NetShop ISP Appoints Yiota Pingou as Chief Technology Officer

NetShop ISP Appoints Yiota Pingou as Chief Technology Officer

18 February, 2025

NetShop ISP Kicks Off 2025 with Impact at iFX EXPO Dubai

NetShop ISP Kicks Off 2025 with Impact at iFX EXPO Dubai

20 January, 2025

NetShop ISP to Announce Expansion in New Data Centers during the iFX EXPO Dubai 2025

NetShop ISP to Announce Expansion in New Data Centers during the iFX EXPO Dubai 2025

08 January, 2025

How To Upgrade Server from Debian 10 (Buster) to Debian 12 (Bookworm)

How To Upgrade Server from Debian 10 (Buster) to Debian 12 (Bookworm)

02 January, 2025

#letushostyou

Award Winning Hosting Provider established in 2004.

120 Faneromenis Avenue, Imperial Tower, 2nd Floor, Larnaca 6031, Cyprus

Products

Bare Metal Servers

Customized Servers

Virtual / Cloud Servers

Forex VPS

Storage VPS

cPanel Web Hosting

Reseller Web Hosting

Colocation

Addons

Premium DNS

Email Hosting

Cloud Backup

DDoS Protection

Licenses

SSL Certificates

Domain Names

Premium SLAs

About Us

Data Center Locations

Looking Glass

Our Company

Contact Us

Careers in Cyprus

Become a Partner

Awards

Certifications

© 2025 S.S. NetShop Internet Services Ltd. All rights reserved.  Terms & Conditions  |  Privacy Policy
CY Reg. Number: HE 217340 | EU VAT Number: CY10217340J

Visa
Mastercard
PayPal
Bitcoin
Tether
Ethereum
Litecoin
Wise
Revolut
Wire Transfer