Ladbrokes is being investigated by the Gambling Commission over an allegation that staff watched a gambling addict take out payday loans to fund hundreds of pounds of bets on fixed-odds betting terminals (FOBTs).
The claim, which comes as the government considers whether to slash the £100 maximum stake on the machines, drew fire from Labour and problem gambling campaigners.
And it prompted concern from a debt counselling service, which warned it is seeing an upsurge in gambling addicts taking out risky loans with little regard for the consequences.
Paul Jones, a 39-year-old recovering gambling addict, told the Guardian that he twice took out high-interest payday loans by telephone in front of Ladbrokes staff at a branch in Birming…
Read the full article at: https://www.theguardian.com/uk-news/2017/sep/29/ladbrokes-investigation-payday-loans-fobt