Ten Things You Need to Know Today: Thursday 17 May 2018

1. Maximum stake on betting machines reduced to £2

The Government is to introduce a new maximum permitted stake of £2 on fixed odds betting terminals – machines dubbed the “crack cocaine of gambling” that simulate roulette and other games. Currently, users can bet £100 every 20 seconds. KPMG says the new limit will cut Treasury revenue by £1.1bn over three years.

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