betting shops in UK high streets<\/a> than its competitors, the company is less exposed to the fallout from a reduction in stakes.<\/p>\nRecent analysis by Barclays suggests that slashing the stakes to \u00a32 would cost Ladbrokes Coral, with 3,660 betting shops, \u00a3449 million ($603 million) in revenues per year, and William Hill, with 2,375 shops, \u00a3284 million ($382 million).<\/p>\n
But Paddy Power, with somewhere between 300 and 400, would lose just \u00a355 million. Meanwhile, with a superior digital product, it would arguably have the most to gain from a migration of land-based customers online caused by the closure of local betting shops.<\/p>\n
“The Paddy Power Betfair position does not reflect the view of the majority of ABB members. Paddy Power Betfair comprise just four per cent of the UK retail estate,\u201d said the ABB in an official statement.<\/p>\n
“Independent analysis has suggested very significant shop closures and job losses if stakes are materially reduced and, as Paddy Power Betfair concede, this would do little to help problem gamblers.”<\/p>\n","protected":false},"excerpt":{"rendered":"
PaddyPower Betfair has broken ranks with the UK betting industry and the Association of British Bookmakers (ABB), of which it is member, by declaring its support of the slashing the stakes of fixed-odds betting terminals. In a letter from PaddyPower Betfair CEO Breon Corcoran to Tracey Crouch, the Minister for Digital, Culture, Media and Sport, […]<\/p>\n","protected":false},"author":42,"featured_media":59695,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,19,1074],"tags":[],"acf":[],"yoast_head":"\n
Paddy Power Betfair Accused of Backstabbing Betting Industry Over FOBTs<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n