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Tracey Crouch, the Minister for Sport and Civil Society in the government of Prime Minister Theresa May, reportedly declared that the stake reduction would ‘reduce harm for the most vulnerable’ and ‘substantially’ help to protect players at risk of developing an addiction to gambling.“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.Similarly, GVC Holdings, which is responsible for the Ladbrokes chain of domestic bookmakers, is said to have proclaimed that the decrease may cause its full-year takings to decline by around ￡160 million (5....
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