The age limit for playing National Lottery games will also be reviewed as part of the next licence competition, with the government saying it was needed to take into account "developments in the market and the risk of harm to young people".
The UK government has today (Thursday) confirmed that the maximum stake on fixed-odds betting terminals (FOBTs) will be cut to £2 (€2.29/$2.71), with Remote Gaming Duty raised to fill the resulting hole in the pubic finances.
Responding to the changes, Philip Bowcock, chief executive of William Hill, said: "The government has handed us a tough challenge today and it will take some time for the full impact to be understood, for our business, the wider high street and key partners like horseracing".
Ladbrokes Coral, bought by GVC for close to 4 billion pounds late previous year, operates close to 3,500 high street betting shops across the United Kingdom, employing over 25,000 people.
The decision goes further than the recommendations of a review carried out by the gambling regulator earlier this year, which recommended the maximum stake for FOBTs should be set at or below £30.
But the machines are blamed for addiction, crime, debt, violence and family breakdown and their users are concentrated in some of the poorest communities.
"There's a reason why Fixed Odds Betting Terminals are known as the "crack cocaine" of gambling - with stories of addicts losing up to £16,000 in a day".
However, the announcement was widely welcomed by charities, the church and opposition politicians.
"I welcome the fact that the Government has now agreed that the maximum stake on Fixed Odds Betting Terminals should be reduced to £2".
Bookmakers have previously claimed moves to slash the maximum stake on FOBTs would lead to the loss of thousands of jobs in the industry.
Miss Crouch said: "Problem gambling can devastate individuals' lives, families and communities".
The ABB said a report which paved the way for the new £2 rules was "deeply flawed" and had been funded by commercial rivals of Britain's bookmakers.
The government said the Gambling Commission would also toughen up protections around online gambling such as stronger age verification rules and proposals that require operators to set limits on gamblers' spending until affordability checks have been conducted.
Mick Antoniw, Labour AM for Pontypridd and chairman of the Welsh Assembly's cross-party group on problem gambling, said it was a "landmark decision" but "only a first step".
A major multi-million pound advertising campaign promoting responsible gambling, supported by industry and GambleAware, will be launched later this year.
We're exploring shame, narcissism and bloggers unveiled on #GirlsWithGoals Listen in on your iPhone or Android now. The couple are already parents to daughter Luna, aged two, and previously revealed they were expecting a son.
The kicker for such a good looking device is the price - at 4199 yuan (AU$875) it is more expensive than the non Avengers phone. Sale of OnePlus 6 will begin in India from May 21 for customers who have subscribed to Amazon Prime and from May 22 otherwise.
South Korea's KOSPI was 0.4 percent lower, Japan's Nikkei was down 0.3 percent and Australian stocks edged up 0.1 percent. The Nifty opened lower with nervousness due to some political uncertainty post the Karnataka election verdict.
"After, I kind of got flustered, but I also kind of feel bad for him because it shows that his mental stability isn't all there". He threatened to notify the Immigration and Customs Enforcement ( ICE ) "to have each one of them kicked out of my country".
Embassy in Jerusalem has enraged the Palestinian Authority, as well as militant group Hamaz, which has ties to Iran and Hezbollah. In addition, the sanctions reject the "false distinction" between the group's political and military wings.
We need to make this place [Ibrox] a fortress where nobody wants to come, we need to win games, no matter who you are playing. McGregor was a part of the Hull City side that won promotion to the Premier League and featured in 147 games for the club.
Three candidates have been nominated for a vacancy on Colorado's Supreme Court , created by Chief Justice Nancy Rice's retirement. Members also deliberated on whether Justice Joseph would lose his seniority if his name was clubbed with the others.
It's a one-off game and we've got a very good side with lots of quality, lots of experience of winning trophies, as do they. He said: "The FA Cup Final is the climax to the football season and there is simply nothing like it".
Justice Nnamdi Dimgba, in the judgment, said the order nullifying the suspension was "with immediate effect". Moses Iduh commended the governor for the successful conduct of the Ekiti PDP governorship primaries.
What to Make of Gambling Stocks After SCOTUS Ruling
That federal law barred gambling on football, basketball, baseball and other sports nationwide except for in Nevada . Rewriting those rules and providing for consumer protections, could be a time-consuming process, Sleight said.
Feces-flinging woman attacks Langley Tim Hortons staff
Holly Largy from the Royal Canadian Mounted Police in Langley confirmed the unhygienic incident to the Abby News . While the video has no sound, it shows the woman confronting the cashier and getting more and more irate.
Microsoft formally announce the Xbox Adaptive Controller
Thankfully, Microsoft has made a new controller that will make it easier for some disabled people to finally play games again. More about the controller's genesis can be found over at Microsoft's Story Labs , and the official Microsoft Store listing .
Carrick thanks Man United fans and Mourinho
United will have the chance to give their captain the ideal sending off when they take on Chelsea in the FA Cup final on May 19. That will evolve and when he wants my opinion I'm there to give it'. "I'm sure that will be the case again".
Tata Steel ties up Rs 17K cr debt for Bhushan Steel buy
It is the leading integrated steel company in India with an installed steel-making capacity of 18 million tonne per annum (MTPA). The issue has been resolved and the plant is now running at full capacity, said managing director T V Narendran.
B'desh SC grants bail to ex-PM Zia in graft case
However, Mohammad Ali apologised to the court and said: "The court can react, but the court does not allow us (lawyers) to react". The judges reportedly considered her health condition and her short jail term before granting her the bail.
YouTube Music is Here as Google's New Music Service
Now studios, and the artists they represent, can get a cut of the subscription service while you listen to music ad-free. If you're already a YouTube Red (soon to be YouTube Premium ) member, don't worry you'll still enjoy your current price.