Ireland based betting operators who rely on the revenue generated by Fixed Odds Betting Terminals (FOBTs) may have to reconsider their options after a new announcement from the Irish government on Tuesday.
According to reports in the Irish media the government is set to launch a crackdown against the use of gaming machines throughout Ireland. The plans include a new €500 limit as the maximum pay-out for all gaming terminals. The proposals have emerged as several parties and stakeholders have expressed concern about how relevant the current gambling legislation is in this area. Several members of the Irish parliament have suggested that current law should be reformed.
The new harder line on gambling machines is one of a number of potential changes that could be introduced to the Gaming and Lotteries Bill. The bill is currently under review by lawmakers.
The Irish government has also suggested that the maximum stake limit on fixed odds betting machines should be €5pounds. Ireland’s Justice Minister Charlie Flanagan earlier this year suggested a maximum stake of €10 pounds with a top pay-out of €750. But those proposals were criticised by a number of stakeholders in Ireland who said that they did not go far enough.
According to reports the new proposals put forward by Flanagan under review and may be subject to further change in the weeks ahead.
The focus on FOBTs comes after the UK government introduced a maximum stake of £2 for these machines. And earlier in 2019 the Northern Ireland government initiated a consultation on potential changes to gambling law. But betting operators in Northern Ireland have already agreed to voluntarily introduce the £2 maximum stakes across all of their FOBTs.