The Daily Mail has reported that the UK racing industry has been dealt another ‘hammer blow’ after the government has refused to review the duties and timetable of the Betting levy. The newspaper cited a letter from DCMS sports minister Nigel Huddleston, who claims that he has ‘made it clear’ that a review of levy terms will not form any …
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UK Racing- Reduction in prize-money ‘inevitable’ once season resumes
A programme outlining the races that will take place once horseracing resumes in the UK is due to be released next week, with prize money facing a significant reduction due to retail closures. The sport has been on hold since 17 March, however, the Resumption of Racing Group has stated that it will develop a provisional programme for the first …
Read More »UK Sports minister wants outright 10% bookmaker charge for UK racing levy
The UK Racing Levy Scheme has again hit national headlines, as UK Sports Minister Tracey Crouch detailed to industry stakeholders that her department intends to place a 10% gross profit charge on all racing wagers whether placed via a retail bookmaker or online. Crouch and the Department of Culture, Media and Sports will seek to implement the industry charge which …
Read More »UK government to determine racing levy scheme as stakeholder talks break down
The UK racing levy will be referred to the UK government, as talks between the Horseracing Betting Levy Board and Bookmakers’ Committee have broken down as negotiating parties could not agree on the key terms for the funding 55th levy scheme. The breakdown in talks will see the scheme referred to John Whittingdale Minister of Culture, Media and Sport to …
Read More »British Racing groups join to tackle bookmaker levy decline
Led by the British Horseracing Authority (BHA), Britain’s largest racecourse governance groups have joined forces to tackle the issue of ‘underfunding and loopholes’ in the levy system. The joint stakeholders will move to bar bookmakers’ from sponsoring race events, tracks and festivals if they do not pay levy contributions through their online operations. The proposed levy initiative is supported by …
Read More »BHA making plans for independence
The British Horseracing Authority (BHA) has announced that it is making changes to its Board and its way of working. These changes are designed to fit with governance best practice and help the implementation of the current Strategy for Growth work. The BHA has started the process of finding a number of new Directors and has appointed specialist search firm …
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