Tag Archives: levy board

UK racing secures £22m hardship fund

A £22 million ‘hardship fund’ has been launched by The Horserace Betting Levy Board (Levy Board) and the Racing Foundation supporting horseracing stakeholders impacted by the COVID-19 crisis. The newly reformed Levy Board acts as a non-departmental public body, in charge of collecting and organising the finances of  UK racing through betting taxes, fundraising and further on-course activities. Its counterpart the …

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Lee Richardson: British horseracing… time to set Levy adrift

Lee Richardson, CEO at Gaming Economics, has looked at the tired old Levy Scheme and thinks its time that a modern industry found a modern solution. Gaming Economics thinks it’s time for the British horseracing industry to stop relying on Levy funding under its current guise. The Horserace Betting Levy is a statutory instrument which essentially transfers money from those …

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5 conclusions from Ladbrokes’ performance woes

bettingexpert.com Racing editor Stephen Harris digests the latest Ladbrokes woes and identifies five implications for the industry. The headlines in the press said it all last week as the beleaguered bookmaker suffered yet another dire set of results, particularly when compared with William Hill, Paddy Power and Bet365. But what do these shocking figures mean for the industry as a …

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Darling to chair the ABB

Paul Darling QC has been appointed the new Chairman of the Association of British Bookmakers (ABB) with effect from 1st May 2014. He takes over from Neil Goulden, who is stepping down to concentrate on his other role as Chairman of the Responsible Gambling Trust. Barrister Darling was a Non-Executive Director at the Tote (2006-2008) and became a Government Appointed …

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