Tag Archives: betting right

In his Budget announcement on 18 March 2015, the Chancellor of the Exchequer George Osborne announced the Government’s intention to replace the Horserace Betting Levy with a new Horserace Betting Right administered directly by the racing industry that will apply to all bookmakers wherever they are located. This has been a long-running saga. In 2000, the then Government stated its …

Asked about the agenda for the introduction of the UK Betting Right, minister for sport Helen Grant answered that “no timetable has been set for introducing the legislation”. Grant answered the question put forward by York Central MP Hugh Bayley, who wanted to know further information regarding the Betting Rights agenda and its potential benefits to York Racecourse. Grant issued …

The controversial introduction of the Betting Right which aims to replace the UK’s 53 year old levy system to fund the horse racing industry may be contested in the European Parliament. Betting Right detractors may protest that the UK government and British Horse Racing Authority (BHA) may be in breach of interstate funding rules and policy. The Betting Right has …

The Remote Gambling Association (RGA) has restated its view that (i) a rate of 15% for the new point of consumption tax is too high; and (ii) the regime still does not appear to make allowances for bonuses and incentives. This heightens the risk that British licensees will lose significant market share to black market operators and that this will …