Shares recover following FOBT crackdown
A cut in the maximum stake gamblers can spend on fixed-odds betting terminals has failed to dent confidence in the Island's sector.
The UK government announced a drastic crackdown on the machines - which have been blamed for fuelling gambling addiction - on Thursday.
Athol Street gaming giant GVC, which develops technology for the machines, warned the move would lead to job losses and significantly harm profits.
Though shares dropped by almost 5% upon the announcement, the group had recovered to an almost month-high on the London Stock Exchange by closing on Friday.
CEO Kenny Alexander said GVC was trying to 'ensure a positive future for the sector and the many millions of customers who enjoy [its] products responsibly.'
Missed opportunity in inmate's care, inquest finds
Seven arrests made as part of King Gaming fraud and money laundering investigation
Motorists urged to avoid Cooil Road following RTC
Probation for man caught with knife at Sea Terminal
Warning after tea towel tumble dryer fire
Calls for Sarah's Law on Isle of Man
