Tag Archives: Media and Sport

Horse racing receives financial boost from latest DCMS relief tranche

Horse racing will receive a much needed financial boost as part of the Department of Digital, Culture, Media and Sport’s (DCMS) latest tranche of funding. As a result of the DCMS’ latest round of sports funding, horse racing will receive £21 million in loans, committed to the Horse Betting Levy Board (HBLB). This funding ‘will ensure essential race day integrity …

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GVC set for £4bn Ladbrokes Coral takeover

FTSE online gambling group GVC Holdings has today detailed its proposed bid for bookmaker Ladbrokes Coral Plc, putting forward a takeover deal that could be worth up to £4 billion, creating a new multi-channel, multi-market gambling group. Bringing clarity to its initial bid (first announced 7 December), GVC’s proposition values Ladbrokes Coral at 160.9p per share, equating to approximately £3.2 billion. However, deal …

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Industry bodies publish report on sports betting commercial & integrity issues

In the week when Ministers from around 50 countries are expected to sign a new match-fixing Convention in Switzerland, the regulated betting industry, represented by the ABB, EGBA, ESSA and RGA has published a report entitled Sports Betting: Commercial and Integrity Issues to help inform the wider debate. The author Jason Foley-Train updates the 2010 report he produced while on secondment (to the betting industry) from the UK Department for …

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