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GiG operates several B2C brands including Super Lenny, Guts, Rizk and Betspin.77 million).In hopes of helping to stamp out problem gambling, the government of the United Kingdom has reportedly announced that it is planning to reduce the maximum single stake for the nation’s over 34,000 fixed-odds betting terminals (FOBTs) from ￡100 (4....

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“This decision will result in unintended consequences including direct and indirect job losses, empty shops on the High Street and a massive funding hit for the horseracing industry,” Stebbings reportedly told the BBC.“We recognize the potential impact of this change for betting shops, which depend on FOBT revenues, but also that this is an industry that is innovative and able to adapt to changes,” Crouch reportedly told the BBC.However, the BBC reported that domestic gambling giant William Hill warned that the ‘unprecedented’ move could see up to 900 of its shops become loss-making propositions and lead to its annual retail revenues dropping by as much as ￡100 million (4....

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