Tag Archives: levy
- 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 racing names first Authorized Betting Partners, other bookies remain defiant
December 3, 2015
UK racing has announced the first official Authorized Betting Partners (ABP) under its controversial new sponsorship rules. On Thursday, the British Horseracing Authority (BHA) announced that Betfair, Bet365 and 32Red had been officially awarded the ABP designation, which will be required as of Jan. 1, 2016 for any betting operator...
- UK racing forms united front to convince gov’t to impose race betting right
November 6, 2015
The UK horseracing industry is adopting a united front in the hope it will convince the government to impose a ‘racing right’ fee on bookmakers. On Thursday, the British Horseracing Authority (BHA) announced it had signed a deal with the Racecourse Association, the Racehorse Owners Association, the Thoroughbred Breeders Association,...
- British racing, bookmakers look to government after Levy talks break down
November 3, 2015
Talks between UK online bookmakers and racing officials to establish a new race betting levy have broken off, with each side pinning the blame squarely on the other. On Saturday, the Horserace Betting Levy Board and Bookmakers’ Committee officially abandoned efforts to work out a deal on the 55th Levy...
- British bookies face racing sponsorship ban unless they contribute to Levy
October 20, 2015
UK bookmakers could lose their ability to sign sponsorships with horseracing operators unless they’re fully paid up on their contributions to the sport. On Tuesday, the Arena Racing Company and Jockey Club Racecourses issued a joint statement saying they support a plan by the British Horseracing Authority (BHA) to bar...
European Commission approves UK uniform race betting levy
April 24, 2017