Britain bans betting on credit cards to fight gambling addiction


FILE PHOTO: A man is seen through a misty bus window passing a Betfred betting shop in London, Britain, December 8, 2018. REUTERS/Kevin Coombs/File Photo

LONDON (Reuters) - Britons will no longer be able to use credit cards to place bets under the latest move by the government to tackle problem gambling, hurting the owner of PaddyPower Betfair and its takeover partner Canada's Stars Group.

Less than a year after Britain slashed the maximum stake that can be placed on popular fixed-odds betting terminals, it said on Tuesday it would ban the country's 24 million gamblers from using credit cards to bet online or offline to rack up debt.

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