Tag Archives: UK racing

£120m retail costs see Betfred report second year of corporate losses

Filing its 2017/18 corporate accounts with Companies House, UK bookmaker Betfred has declared an operating loss of £40 million. Publishing its corporate performance for the year-ending 30 September 2018, Betfred governance has attributed circa £120 million in ‘exceptional costs’ attached to retail writedowns, as the bookmaker is forced to adjust to UK betting’s FOBTs £2 wagering reduction. The results see …

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BHA appoints ‘UK sports figurehead’ Annamarie Phelps as inbound chair

Moving to refresh its governance, the British Horseracing Authority (BHA) has confirmed the appointment of Annamarie Phelps as inbound Chair (appointment expected to commence – 1 June 2019). Phelps a former Olympian rower, is the current Vice-Chair of the British Olympic Association and is set to replace current incumbent Atholl Duncan. Updating stakeholders, the BHA’s nomination committee stated that it …

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Hereford unites with ROA to enhance raceday experience

Hereford Racecourse is looking to enhance its raceday experience, unveiling a new partnership with the Racehorse Owners Association for the 2018/19 season. Further emphasising its acknowledgement of the importance of the experience for racehorse owners, Hereford Racecourse and the ROA has united to place a specific focus on the arrival experience at the course. The O&T entrance to the racecourse …

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New Dawn… UK Racing prepares for new levy authority

The structure of British Racing governance is set to be revamped, in order to meet the demands of distributing the new horseracing betting levy which is inbound for April 2019. Last week, the governances of the British Horseracing Authority (BHA), Horsemen’s Group and Racecourse Association moved to install a new Racing Authority which will oversee the management of racing’s upcoming levy …

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BHA backs government’s ‘industry judgement’ as DCMS seeks to extend Racing Levy’s reach

The British Horseracing Association (BHA), the regulatory body for UK racing has welcomed the government’s betting industry triennial review judgement. Despite the far-reaching impacts of the government’s decision to cut FOBTs machine wagering to a £2 limit, and further increase UK remote betting/gaming duties to offset treasury tax shortfalls, the BHA supports the industry changing decision. “The British Horseracing Authority …

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Fred Done – Tote dispute sees ‘Betfred finished with UK racing’

Independent bookmaker Betfred is ready to scrap its entire commercial relationship with UK racing, detailing that it will no longer sponsor events and cull its entire on-course betting portfolio. A frustrated Fred Done founder of Betfred has stated to the Racing Post that his company ‘can live without the sport’ and that the bookmaker’s ‘association with racing is now broken’. …

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BHA ‘thanks’ the bookies who participated in ABP scheme

The now discontinued Authorised Betting Partner (ABP) scheme initiated by the British Horseracing Authority (BHA) to fill the funding gap left by offshore operators sidelining the old levy scheme raised £12m in its first-and-only year of operation. _________________________ According to the BHA’s annual report published at the very end of May, the ABP help fill a revenue gap ahead of …

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Ladies First…bet365 secures Silk Series betting partnership

Arena Racing Company (ARC) has announced that bet365 will be the official betting partner of its Silk Series promoting female horseracing. The Silk Series which hosts its inaugural race at Lingfield Park this afternoon, is a new initiative that sees female jockeys, both professional and amateur, compete in races hosted on nine Ladies Days across ARC racecourses in 2017. Lingfield Park …

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Sporting Index commits to UK racing ABP scheme

UK Spread betting firm Sporting Index, has reached an agreement with British racing under the Authorised Betting Partner (ABP) model. The operator will commit to maintaining a funding relationship with British racing until at least 31 March 2019. Under the terms of the ABP agreement, Sporting Index governance has confirmed that the company’s existing remote betting operations currently fall within the …

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Will Duff Gordon: Total Performance Data (TPD) – Data key to racing’s recovery

Will Duff Gordon CEO & Founder of Total Performance Data (TPD) wants to bridge the significant data gap between horseracing and bookmakers to bring optimal markets and services to the betting consumer. A horseracing enthusiast, Gordon details to SBC that beyond repairing racing’s damaged relationship with betting stakeholders, the sports now needs to embrace and further its data dynamics through …

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