Tag Archives: horserace betting right
- European Commission approves UK uniform race betting levy
April 24, 2017
UPDATE: UK Minister for Culture, Media and Sport Tracey Crouch announced late Monday that the new levy will take effect Tuesday, April 25. The European Union’s regulatory body has okayed the UK’s plan to impose a levy on online race betting, even as the UK continues its plans to detach...
- UK gov’t confirms new 10% race betting levy
January 14, 2017
The UK government has confirmed that betting operators will be required to kick back 10% of their race betting revenue to the UK racing industry effective April 2017. On Friday, Minister for Sports, Tourism and Heritage Tracey Crouch confirmed the new 10% rate will apply to all betting operators, be...
- Report: UK operators to kick back 10% of online and retail race betting revenue
October 17, 2016
UK betting operators could be forced to pay racing bodies 10% of online race betting revenue, according to the responsible government minister. Over the weekend, the Racing Post reported that Tracey Crouch, who represents the Department of Culture, Media and Sport (DCMS), had told racing industry stakeholders that the government...
- UK budget features pledge to introduce ‘Horserace Betting Right’
March 18, 2015
The UK government has confirmed its plans to impose a ‘racing right’ that would require bookmakers to ante up a percentage of race betting revenue to the racing industry. In December, Chancellor George Osborne announced that the government was consulting on the introduction of a Horserace Betting Authorization to replace...
European Commission approves UK uniform race betting levy
April 24, 2017