Tag Archives: horseracing

BHA releases its updated whistle-blowing policy to the public

The British Horseracing Authority (BHA) has gone public with its updated whistle-blowing policy, making the new plans available to both the wider public and the racing industry. The new policy comes as a bid by the BHA to cement its ongoing commitment to maintaining integrity, credibility and accountability in how it operates across the industry. Catherine Beloff, Director of Legal …

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£1bn cost of FOBT stake slash to bookmakers and horseracing

Warwick Bartlett and Lorien Pilling from the Global Betting & Gaming Consultancy (GBGC) have been looking at the implications of the reduction in Cat B2 gaming machine maximum stake from £100 to £2.  It doesn’t make pretty reading for retail bookmakers or the sector’s associated stakeholders. From 1 April 2019 the maximum stakes on FOBTs will be drastically reduced to …

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Winning Post – Industry faces compliance demands on all fronts

Strategic consultancy, Regulus Partners, focused on international gambling and related industries, taking a look at some of the key challenges the gambling industry faces in its ‘Winning Post’ Column. UK: gambling regulation – nothing minor about age verification changes The GB Gambling Commission has confirmed a tightening of age verification rules for licensees to protect minors. From 7 May (three …

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Bookmakers continue to take the hit after equine influenza outbreak

Bookmakers have reported that revenues have taken a hit following the news that new cases of the Equine Influenza virus have been identified, resulting in an industry-wide halt on the sport. The horseracing industry is currently facing its largest health and financial challenge since the the 2001 outbreak, with Ladbrokes-Coral owner GVC reported to be down 1.45 per cent, while …

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Winning Post – Gambling Commission consults on harm prevention

Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at some key developments for the gambling industry in its ‘Winning Post’ column. UK: Regulation – It’s not funny that we don’t talk anymore Reports this week that British gambling operators will take action to effectively bar themselves from advertising on television during live sports …

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Towcester set for administration after “trading difficulties”

Copyright: juhku / 123RF Stock Photo

Historic UK racecourse and greyhound track Towcester has cancelled all its scheduled meetings for this weekend after announcing it’s set to enter into administration. The course, which is owned by the Fermor- Hesketh family and is steeped in history, is scheduled to host a further three cards this year with the first commencing on 10 October, however whether these take place …

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Winning Post – A boost for British horseracing

Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at some key developments for the gambling industry in its ‘Winning Post’ column. K: betting on horseracing – 2017-18 Levy, the last hurrah? The GB Horserace Betting Levy Board reported an annual income of £95m in 2017/18. This represents a 46% increase on the previous …

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British Horseracing receives 2017 boost reports The Jockey Club

The Jockey Club has announced 2017 figures detailing a ninth successive year of growth, as well as a record contribution to British horseracing prize money. Welcoming four million people to its venues throughout the year, the group has reported revenues exceeding £200m for the first time, up 5.2 percent year-on-year to £201.1m, driven by increases in admissions, media, hospitality and …

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Worldpay expects Grand National surge for online bookies

Copyright: sportlibrary / 123RF Stock Photo

Payment processing firm Worldpay is predicting a bumper weekend for online bookmakers, as Britain welcomes the 2018 Grand National. With internal research revealing that 45% of over-65s prefer placing bets on a mobile device as opposed to in-store, Worldpay is expected this to be the year that numbers for mobile gaming surpass its counterpart for punting pensioners. Data also shows …

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Kambi Group initiates strategic virtual sports investment

Kambi has announced an enhancement of its sportsbook platform, via a strategic investment in gaming start up Virtus Sports. The deal, concluded for £500,000 (€565,000), sees Kambi take a stake of just over 25% in the firm, with the investment paid in net cash, which as of December 31 of last year stood at €26.9m. Under the terms of the …

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