Win some, lose some after hectic week for gambling sector

Despite the negative impact on revenue, Paddy Power Betfair welcomed a British government proposal to slash the stake limit on gaming machines to £2 from the current £100

Paddy Power seen as less exposed to FOBT stake limit. Pic: Getty

Shareholders in gambling giant Paddy Power Betfair are meeting on Friday after a busy week for the industry, with a setback in Britain more than outweighed bypotential opportunities in the US market.

Despite the negative impact on revenue, Paddy Power Betfair welcomed a British government proposal to slash the stake limit on gaming machines to £2 from the current £100.

Britain’s Department of Digital, Culture, Media and Sport (DCMS) has been carrying out ...