Tag Archives: British Horseracing Authority
UK – British Horseracing Authority welcomes review of Horserace Betting Levy
The British Horseracing Authority (BHA) has welcomed the announcement from the UK’s Sports Minister that the government is to look again at the timetable for reviewing the Horserace Betting Levy. The Levy is not due for review until 2024 under legislation passed three years ago. However, the racing industry’s COVID-19 Recovery Plan, published in August,…
UK – BHA and industry leaders agree united approach to Levy reform
The British Horseracing Authority (BHA) Board and its member bodies have agreed to take a united approach to government after developing a single set of proposals for reforming the Levy. At a meeting of the BHA’s Members Committee last week, leaders of racecourses, horsemen and the BHA also agreed to set up a new Steering…
UK – Racing faces ‘severe threat’ warns British Horseracing Authority
The delay to the public’s return to sporting events is a serious blow to the horseracing industry and to the people and communities who depend upon it for their living according to the British Horseracing Authority. In a statement released following news that spectators might not be allowed back into racecourses for a further six months,…
UK – British bookies to face 10 per cent horseracing levy
British bookmakers will have to pay a 10 per cent levy on their profits, under new plans unveiled by Tracey Crouch MP, Minister for Sport, Tourism and Heritage, who confirmed that the existing Horserace Betting Levy will be replaced with a new system that will capture all betting on the sport from April 2017. The…
UK – British Racing teams up with BetVictor
BetVictor and British Racing have announced a partnership which will see the gaming company become an Authorized Betting Partner (ABP). Under the three-year deal, BetVictor will make a voluntary contribution to racing based on its profits from the sport from UK customers. BetVictor, one of Europe’s leading online gaming companies, has long enjoyed a close…
UK – British Horseracing Authority teams up with Betfair
British Racing and Betfair have reached agreement on a three-year funding arrangement underpinned by the new Authorised Betting Partner (ABP) model from April 2016, which will bring significant benefits to both parties. The new deal will see Betfair contribute an agreed percentage of its racing revenues from its exchange and sportsbook for three years from…
UK – Racing Right charge provokes polar response from British racing sector
The UK is to introduce a new charge on bookmakers called the ‘racing right’ to improve the funding for horse racing to include more online betting companies. The British Treasury said in its budget document that the new charge would be applied across the board. The Chancellor announced in his Budget speech that ‘in the…
