Betting firm warns thousands of jobs are at risk in its bookmaker shops
North West bookmaker Betfred has warned that it could be forced to axe 4,500 jobs if the Government presses ahead with plans to limit maximum stakes on gambling machines.
The so-called Fixed Odds Betting Terminals have become controversial in recent years and have been labelled the crack cocaine of gambling.
The Government wants to impose a £2 maximum stake. The current level is £100 and the Gambling Commission has recommended a £30 limit.
Betfred, which has its head office in Warrington and owns The Tote, has warned that ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
