Isle of Wight MP – Bob Seely – has welcomed a Government decision to slash the maximum stake on fixed odds betting machines from £100 to £2.

Bob, who has previously campaigned for stakes to be lowered, said the move would help vulnerable people on the Isle of Wight who have spent millions on the machines dubbed the ‘crack cocaine of gambling’.

Mr Seely said:

“I’m absolutely delighted the Government has taken a stand on the FOBT issue and done the right thing to protect vulnerable people.

“It is the responsible thing to do and limit the incredible losses these machines can rack up to those who play them.

“I am pleased the Government also went much further than the Gambling Commission’s recommendation of a £30 limit.

“On top of this, I welcome the toughening up of rules for online gambling with stronger age verification rules, plus proposals requiring operators to set spending limits until affordability checks have been conducted.

“All these measures will protect vulnerable people and limit their ability to become problem gamblers – something that causes misery for them and their loved ones.”

Bob said fixed odds betting machines had taken more than £19 million from the Island’s economy since 2008, often targeting the poorer in society.

There are believed to be around 55 fixed odds betting terminals on the Island.