Fewer betting shops in Ipswich (Ipswich Liberal Democrats)
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Fewer betting shops in Ipswich

January 25, 2018 9:29 AM

Shares in William Hill and Ladbrooks Coral plunged on Monday as Government proposals to limit the stakes on Fixed Odd Betting Terminals (FOBTs) in betting shops were published. Bookmakers have opened a number of shops around Ipswich in recent years after the previous Labour Government in 2001 permitted FOBTs in the UK. FOBTs have been widely condemned for increasing gambling addiction, taking huge sums of money out of poorer areas and even encouraging money laundering. Ipswich residents have often complained of the number of betting shops that have clustered in the town centre but Borough planners have no powers to limit them. If the policy review limits profits on FOBTs the number of betting shops is likely to be radically reduced. Ipswich Lib Dem Councillors, Inga Lockington and Oliver Holmes say "While we would not like to see more vacant shops in the town, betting shops are not the answer to turning Ipswich into a thriving retail centre."

Ladbrokes, Ipswich