UK Sports Minister Quits Over Delay in Reducing Wagers on 'Crack Cocaine of Gambling'

Written by:
Associated Press
Published on:
Nov/02/2018

LONDON (AP) — Britain’s sports minister has resigned over what she calls an unjustifiable delay in reducing the maximum wager on gambling machines.

Tracey Crouch campaigned for the maximum stake on electronic slot machines to be cut from 100 pounds ($130) to 2 pounds ($2.60) to help tackle problem gambling.

Critics of fixed-odds betting terminals, found in betting shops across the country, say they are addictive and players can quickly lose large sums.

The government approved the change, but said this week it would take effect in October 2019, rather than in April, as many had expected.

In a resignation letter to Prime Minister Theresa May, Crouch said more money and lives would be lost to gambling during those six months. Crouch tweeted Thursday: “Politicians come and go but principles stay with us forever.”

Gambling News

Robinhood Gets Into Prediction Market Betting

On Monday March 17, Robinhood Derivatives, LLC (RHD) announced a prediction markets hub directly within the Robinhood App, giving customers the opportunity to trade on the outcomes of some of the world’s biggest events.

Virtual Bets, Real Risks: Understanding Online Gambling

Online gambling has become one of the fastest-growing sectors in the digital economy. With the rise of mobile technology, improved internet access, and increasingly sophisticated betting platforms, more players are turning to online casinos and sportsbooks.

Syndicate