The change in betting-tax law two years ago has boosted business at The Global Draw, which claims to be the inventor of the Fixed Odds Betting Terminal (FOBT). Players use these to place bets on roulette and other games arranged by the London company. Gross profits are now taxed instead of stakes and leading bookmakers such as Coral and William Hill have introduced more than 7,000 of its FOBTs, up from 700 two years ago. The company’s sales have grown 237% a year from £326,000 in 2000 to £12.5m in 2003, when it made a healthy profit.
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