The now discontinued Authorised Betting Partner (ABP) scheme initiated by the British Horseracing Authority (BHA) to fill the funding gap left by offshore operators sidelining the old levy scheme raised £12m in its first-and-only year of operation. _________________________ According to the BHA’s annual report published at the very end of May, the ABP help fill a revenue gap ahead of …
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UK Spread betting firm Sporting Index, has reached an agreement with British racing under the Authorised Betting Partner (ABP) model. The operator will commit to maintaining a funding relationship with British racing until at least 31 March 2019. Under the terms of the ABP agreement, Sporting Index governance has confirmed that the company’s existing remote betting operations currently fall within the …
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Betway has added to its horse racing portfolio by sponsoring the Kingmaker Chase and Kingwell Hurdle for the south west region of Jockey Club Racecourses. The company has agreed to sponsor the Grade 2 Betway Kingmaker Novices’ Chase at Warwick on February 11, which has been won in the past by greats such as Long Run and Finian’s Rainbow, along with …
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Richard Flint, the Chief Executive of online bookmaker Sky Betting & Gaming (SB&G), has issued a stark reality to the UK racing industry, stating that consumer betting changes have made it hard for the bookmaker to promote the sports ‘from a business point of view’. Although SB&G subsidiary Sky Bet is a committed partner to the UK racing’s Authorised Betting …
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Hereford Racecourse and UK racing operator Arena Racing Company, have announced bet365 as headline sponsor of the Hereford ‘Opening Raceday’ on Tuesday 6 October. bet365 a member of UK racings ‘Authorised Betting Partner’ scheme will sponsor the return of jump racing at Hereford Racecourse, with seven races taking the Stoke-based bookmakers name. The bet365 brand will further gain heightened coverage …
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Gibraltar-based online bookmaker 32Red takes over from Betfred as the official sponsor of Haydock Park Racecourse’s ‘Sprint Cup’ (1-3 September). Seeking to boost its coverage within UK racing, 32Red will take on sponsorship of the 50th edition of the £260,000 race. The betting brand will further sponsor the full card on Sprint Cup Day in 2016, and will undertake sponsorship …
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The Association of British Bookmakers (ABB) has welcomed the Government’s decision to introduce a new funding system for horseracing, but warned that any new development should not be taken in isolation from other issues. This morning, during a debate in the House of Commons, Culture Secretary John Whittingdale announced that the Government plans to introduce a new system which will …
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The British Horseracing Authority (BHA) has confirmed that independent bookmaker BetVictor has become the latest betting operator to join its Authorised Betting Partner (ABP) scheme. BetVictor governance has agreed to a three-year deal, which will see the company make a voluntary contribution to the sport on trading profits from its UK racing markets. As a new ABP member, BetVictor will …
Read More »The British Horseracing Authority has dismissed Coral’s offer for a flat 7.5% of its online and retail horseracing profits, labelling it an an “unrealistic realistic starting point” on the grounds that it would generate less for the sport than existing arrangements. The latest clash between racing and the bookmakers has been caused by the introduction of the Authorised Betting Partner …
Read More »Gala Coral CEO Carl Leaver has issued UK racing stakeholders a revised offer regarding the betting industry’s continued row over the disputed ‘authorised betting partner’ (ABP) policy. Leaver’s Coral betting enterprise has yet to commit to the ABP program, on Tuesday the CEO stated that his firm would “happily pay a levy of 7.5% on their winnings” relating to horse …
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