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Shares in British gambling firms hit by plan to overhaul online casinos

Shares in British gambling firms hit by plan to overhaul online casinos
FILE PHOTO: A cyclist passes a William Hill betting shop in London, Britain July 25, 2016. REUTERS/Neil Hall   -   Copyright  Neil Hall(Reuters)
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MILAN (Reuters) – Shares in British gambling companies fell sharply on Monday after a cross-party group of lawmakers called for a raft of measures to overhaul online casinos and protect vulnerable people.

According to a report http://www.grh-appg.com/latest-news released by lawmakers, online casinos should be subject to maximum stake limits similar to the 2-pound limits imposed on fixed-odds betting terminals (FOBTs).

The Guardian newspaper said Prime Minister Boris Johnson was thought to be sympathetic to calls for stricter regulation.

Shares in GVC, William Hill, 888 holdings were trading between 4.7% and 10.6% lower by 1112 GMT.

(Reporting by Danilo Masoni, editing by Louise Heavens)

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