“Gambling machines with £100 stake are only allowed in UK”

It is thought the Chancellor is loath to change odds because the gambling industry contributes large sums to the Exchequer (and, coincidentally, of course, to Tory funds by their directors):

http://www.independent.co.uk/news/uk/politics/betting-companies-ladbrokes-corals-fixed-odds-betting-terminals-philip-davies-top-list-of-donations-a7925461.html

Britain is the only developed country to have high street betting shops that allow people to bet up to £100 every 20 seconds, according to a report.

The government should cut the maximum stake on fixed-odds betting terminals (FOBTs) from £100 to £2 because such high stakes destroy jobs, devastate communities and are “highly destructive” to family life, the Conservative think tank Respublica argues.

Phillip Blond, co-author of the report, said: “Conservatives should not support a piece of New Labour legislation that has wrought destruction throughout some of our most disadvantaged communities.”

https://www.thetimes.co.uk/edition/news/gambling-machines-with-100-stake-are-only-allowed-in-uk-mm3x3l9kw

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