New ?1 coin 'cost Llandudno amusement arcade owner ?30,000'

New ?1 coin 'cost Llandudno amusement arcade owner ?30,000'

"We're lucky as we are a sizeable company with in-house engineers," he told BBC Radio Wales' Good Morning Wales.

"So we can deal with these kind of problems even though it will cost us tens of thousands of pounds to accept this new ?1 coin.

"If I was a small business or single-site operator it could make you bankrupt."

The new ?1 coin has a hidden security feature to make it difficult to counterfeit.

Mr Williams said he was glad the new coins were introduced before Easter.

"Thankfully we can get the machines adapted and tested before the start of the summer season," he added.

"They brought the coin in at the right time so we've had the winter quiet period to do this work.

"So although there is not a lot of income coming in to pay for the work, it does mean we can start the summer off fully operational."



Add Comment

all comments

  Other news

more
Russia sanctions: EU vows to retaliate over US measures

Russia sanctions: EU vows to retaliate over US measures..

26-Jul, 11:00

The European Union has expressed concern about US plans to impose fresh...

U.S. Muslims believe in American dream despite discrimination

U.S. Muslims believe in American dream despite discrimination..

26-Jul, 15:30

Muslims break their Ramadan fast after sunset by eating halal Mexican...

German business lobby urges EU action against new US sanctions on Russia

German business lobby urges EU action against new US sanctions on Russia..

26-Jul, 06:50

A US move to expand sanctions against Russia may have an adverse impact...

Sperm count drop 'may lead to human extinction'

Sperm count drop 'may lead to human extinction'..

25-Jul, 20:50

Humans could become extinct if sperm counts in men continue to fall at...

'This is a democracy': Int'l court may be next for Duterte

'This is a democracy': Int'l court may be next for Duterte..

16-May, 01:39

Philippine President Rodrigo Duterte acknowledged Tuesday that...

Turkmenistan, Uzbekistan to cooperate on transport, energy

Turkmenistan, Uzbekistan to cooperate on transport, energy..

06-Mar, 14:39

The ex-Soviet nations of Turkmenistan and Uzbekistan have agreed to...

Major newspapers in Serbia hit stands with same front pages

Major newspapers in Serbia hit stands with same front pages..

30-Mar, 13:07

Only days before Serbia's presidential election, seven major newspapers...

China announces goal of AI leadership by 2030

China announces goal of AI leadership by 2030..

21-Jul, 01:13

China's government has announced a goal of making the country a global...