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So it’s wise to treat corporate protests against more taxation and regulation with a dose of sobriety. The furor over a political clampdown on British betting shops is no exception. Gross margins for some "sin" stocks are among the 20 highest in the U.K. The U.K. government has delivered on its threat to slash the maximum bets on so-called “fixed-odds betting terminals,” the brightly-colored, casino-style games played on a screen in-store. The upper limit will now be 2 pounds ($2.70), down from 100 pounds ($135), every 20 seconds. Politicians have given a very clear and succinct reason for the cap: Problem gamblers are a greater cost to society than to themselves. And, given how easy it is to get hooked, it takes drastic measures to make progress. The response from the gambling industry — though not entirely uniform — has been to protest at the shop closures, job losses and financial pain that will result. William Hill has said 900 of its stores would become unprofitable immediately, as more than two-thirds of its net revenue from gaming machines came from bets above the 2 pound limit.
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"This kind of stuff comes directly out of our pocket. It’s not a corporate thing or anything so yeah, it takes a hit," he said. After reviewing surveillance and investigating the theft, Lee County deputies arrested 42-year old Joseph Brousseau and 41-year old Jorge Lincheta, who they said are accused of committing the crime. The pair was found staying at the Tahitian Inn Motel not far from the car wash they targeted. Deputies obtained a search warrant for the room and located the tool and clothes used in the theft including Brousseau's Spider-Man backpack seen on surveillance. Both Brousseau and Lincheta are still in custody.
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