Labour's deputy leader Tom Watson told BBC Radio 4's Today programme he was "absolutely delighted" by the decision, which he said would "help alleviate some of the terrible misery caused by problem gambling in Britain". They've only got themselves to blame when the Government has listened to public opinion.
The chief executive of amusement machine industry trade body Bacta, John White, said: "We warmly welcome this announcement. The Government has made the right decision and it now needs to be implemented without delay. He said: "Fixed-odds betting terminals are a scourge on high streets that have taken advantage of the vulnerable for too long.
Philip Bowcock, chief executive of William Hill, said: "William Hill has a long and proud heritage as part of the UK high street and we know how important betting shops are to our customers and their local economies. A spokesman for Fairer Gambling said: "Allowing high stakes roulette machines in such an easily accessible environment has had disastrous consequences, impacting levels of gambling related harm and crime. Swansea East MP Carolyn Harris, one of the leaders of the parliamentary campaign for reform of laws governing FOBTs, said she was "really delighted" by the announcement.
The hit to its profits could be offset by factors including gamblers switching to other games, as well as benefits from less competition as rivals are forced to merge, it said. Peter Jackson, Paddy Power Betfair's chief executive, said: "We have previously highlighted our concern that the wider gambling industry has suffered reputational damage as a result of the widespread unease over stake limits on gaming machines.
Tom Watson later said in a statement: "This announcement signals the end of the reign of destruction and misery that FOBTs have brought on the lives of gambling addicts and their families and communities for too many years. Mr Hancock said that the Government has not yet set a timetable for the change, telling BBC Radio 4's Today programme: "We are going to work with industry on the timings to make sure that the technology can be changed.
There will be a need to put measures through Parliament, and we want to make sure that it's done effectively. Asked whether the change would be completed within a year, he said: "I'm not going to set out an exact timetable because today we're announcing a decision and then we're going to work with the industry to make sure that's implemented effectively. Neil McArthur, chief executive of the Gambling Commission, said: "We're pleased the Government has supported a comprehensive package of measures to protect consumers, and that this includes a substantial stake cut.
The Association of British Bookmakers said: "This is a decision that will have far-reaching implications for betting shops on the high street. Brian Chappell of Justice for Punters said: "This is a huge decision, because the Government has finally recognised that problem gambling is a public health issue that is costing more than the tax income received from gambling. They've been trouble ever since. This decision means the betting shop environment will become safer for staff and customers.
Tony Franklin, a former betting addict and campaigner for the Gambling Hurts pressure group, told Today: "Today's announcement by the Government is a victory for common sense and a victory for all the problem gamblers and their families who have been impacted by fixed-odds betting terminals on the High Street. Christopher Snowdon, head of lifestyle economics at the Institute of Economic Affairs, said: "Today's announcement shows that you can get anything banned in this country if you whine for long enough.
The machines will be taken out of bookmakers and players will move online where there are no limits on stakes or prizes. There has never been any evidence to support this campaign. The Government is weak and cowardly to have given in to it. She said the decision would "mitigate risk for the most vulnerable players for whom even moderate losses might be harmful".
Mr Watson, responding for Labour, welcomed the decision, telling MPs: "Cutting the maximum stake on FOBTs is a big step in the right direction but it's just one part of the puzzle. He urged the Government to "bring a new Gambling Act fit for the purpose it requires in the digital age".
She told the Commons: "Mr Speaker, I know that yourself and members of this House will recognise there is a process we have to go through. The Gibraltar Chronicle is a daily newspaper published in Gibraltar since It is one of the world's oldest English language newspapers to have been in print continuously.
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