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UK study put on backburner7 April 2008UNITED KINGDOM -- As reported by the This is Money: "A study for the Government into highstakes gambling machines is being put on the back burner to avoid frightening off potential bidders. 'We have to make the review disappear, at least for a while, if we want a quick and profitable sale,' said a source. "'The Government will give whatever comfort is needed to make sure bidders are convinced there is no regulatory or tax action looming, whether in assurances or ministerial statements.' "Fixed odds betting terminals (FOBTs) account for £1.4bn of the Tote's £2.5bn annual revenue. But these machines, which play roulette, casino games and virtual horseracing, have been criticised for being addictive. Culture Secretary Gerry Sutcliffe said in February that FOBTs were still under scrutiny and referred them to the Gambling Commission..." |