Win some, lose some after hectic week for gambling sector

Win some, lose some after hectic week for gambling sector
Paddy Power seen as less exposed to FOBT stake limit. Pic: Getty

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

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 by potential 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...

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