The move to online betting – but what does this mean for bookmakers?

Due to the government reducing the maximum stake of fixed-odds betting terminals (FOBTs) from £100 to £2, many retail bookmakers have begun plans to close betting shops. This month William Hill have announced they will be closing around 700 shops, leaving 4,500 jobs at risk.

David Williams, senior associate in BDB Pitmans’ restructuring and insolvency team, discusses whether this could be the end of high street betting by considering the effect of reduced FOBT maximum stakes.

The full article is available on Accountancy Age, here.