Gaming Industry Gets a Boost

According to Andy Burnham, Culture Secretary for the UK, the gaming industry was in need of a boost so they got one. Gamblers will now be able to win more money at the slot machines when they play. The gaming industry lobbied the government to try and get an increase in the amount of money that could be won, and was finally successful.

Now when you go to the pubs, clubs or amusement arcades you will be able to play the slot machines and win a more significant amount of money. They have increased the payouts on the slot machines from £35 to £70. They have also increased the maximum stakes from 50p to £1 which will enable larger jackpots to be played out. This betting and winning more on the slot machines was very much appreciated by their players.

Players have long wanted to be able to bet higher amounts as they knew that with that would come bigger payouts. This is the second rise that the slot machines have gotten in two years and will give a much needed boost to their economy. They believe that they will end up with an extra 20% in revenue for their country from the increase.

The Treasury says that from the VAT alone they could be looking at another £27 million a year. Of course, not everyone is thrilled with the increase. There are those that say that the slot machines are already causing addiction and that by increasing payouts they are going to increase the number of people addicted to slot machines as well.

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