The Association of British Bookmakers (ABB) has welcomed the Government’s decision to introduce a new funding system for horseracing, but warned that any new development should not be taken in isolation from other issues. This morning, during a debate in the House of Commons, Culture Secretary John Whittingdale announced that the Government plans to introduce a new system which will …
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Chancellor gives green light to horserace betting right
Chancellor George Osborne has seemingly given the go-ahead for the long-standing Horseracing Levy to be replaced by a ‘betting right’ – presumably meaning that bookmakers will have to pay racing for the privilege of taking bets on the sport. In today’s Budget announcement, Osborne said that the Government was ‘introducing a horseracing betting right’ , although there was scant other …
Read More »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 …
Read More »UK Government to review Horseracing Levy framework
The UK Government is set to launch a ten week consultation into the possible reform of the horseracing levy. UK sports minister Helen Grant, had asked the government to review the current framework of the levy, stating that it had been in need of a review and possible reform for some time. Grant commented “”Horseracing and betting have grown together …
Read More »James Henderson: ‘I’m a great believer in multichannel activity’
The William Hill website is hosting an interview with new CEO James Henderson. Here is a transcript of what he had to say. You’ve been introduced today as William Hill’s CEO designate. What are your thoughts about taking over the top job? I’m absolutely delighted to be able to take over the job at William Hill, especially in its 80th …
Read More »RGA ire at Treasury ignorance on remote tax
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 …
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