Tag Archives: Horserace Betting Levy Board (HBLB)

HBLB anticipates 40% drop in Levy reserves

The Horserace Betting Levy Board (HBLB) has confirmed that reserves held to support the sport through difficult times will be 40% lower than pre-pandemic levels. Reported by The Guardian, the Board’s chief executive Alan Delmonte revealed that reserves are predicted to be around £30 million by the end of December, having been around £50 million in March. “That shows you …

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HBLB ups prize money commitment by 50%

The Horserace Betting Levy Board (HBLB) has confirmed that it will make a ‘substantial increase’ in its prize money for the remainder of the year, with allocations due to rise by 50%. HBLB has been spending around 25% more than usual on prize money since 1st June but from 1st September, for the following four months, this will increase even …

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HBLB funds additional fixtures as racing returns

The Horserace Betting Levy Board (HBLB) is due to fund nine additional racing fixtures across June and July, in recognition of the ‘high level of immediate demand to run’. With Scotland and Wales resuming racing later this month, the British Horseracing Authority (BHA) has revised its current racing programme to include race meetings at Scottish and Welsh courses. Tom Byrne, …

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HBLB ups prize-money contribution to offset inevitable cuts

The Horserace Betting Levy Board (HBLB) has boosted its prize money contributions to support the industry as it continues to deal with the financial implications of the coronavirus crisis. With no crowds on racecourses, nor betting shops open, a drop in prize money was previously considered to be ‘inevitable’. The HBLB has since confirmed that it would boost its prize-money …

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HBLB releases £6.5m in capital credits to reduce ‘exceptional pressure’ on racing

The Horserace Betting Levy Board (HBLB) has confirmed that racecourses with capital credits balances currently totalling £6.5m will be able to draw on them to assist with their immediate cash requirements. As it stands, there are currently 18 racecourses which hold capital credits balances with HBLB. Under the new scheme, HBLB will allow each racecourse to have the option of …

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