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British Horseracing Authority in deal with Betfair

Thursday, December 3, 2015 : BETFAIR APPOINTED B.H.A. BETTING PARTNER
 
Horse racing ruling body announces three-year deal with online betting company.
 
The British Horseracing Authority has announced a three-year deal with online betting group Betfair that makes the firm the first official Authorised Betting Partner of racing
 
Betfair, along with 32Red and Bet365, was accepted as betting partners by the Authority in October, because the three online firms were already contributing to racing from the profits made by their businesses.
 
The deal with Betfair will formalise a financial arrangement for three years from April, under which the company will pay the sport an agreed percentage of the profit it makes from betting on British racing.
 
BHA's Authorised Betting Partner program offers incentives for supporting betting companies, along with punitive measures for those who do not in a carrot -and-stick approach. The main "stick" used is the blocking of sponsorship attempts with BHA courses by "uncooperative" betting firms. Most racecourses have supported the scheme, with notable exceptions like Ascot and Newbury.
 
The BHA statement announcing Betfair's appointment notes that the betting firm may now use a kitemark and promotional benefits as part of a marketing campaign to be rolled out across the sport. They will also have the opportunity to negotiate preferential commercial arrangements with participating racecourses, including access to sponsorship opportunities, Wi-Fi provision and wider promotion.
 
The Authority claims that negotiations with other unnamed betting companies are at an advanced stage.
 
Nick Rust, the BHA’s chief executive and a former online gambling executive, said: “It is vital for the [horse racing] sport and the tens of thousands of people deriving their livelihoods from it that we move our funding from our biggest customer group on to a more sustainable footing, including taking the necessary steps prior to the introduction of the Horserace Betting Right to incentivise digital businesses to make a contribution back to British racing.”
 
All has not been plain sailing with the program, which has attracted the ire of several UK bookmaking companies, who have threatened to invest their money in other sports.
 
Pre-eminent among these has been the Coral group, which opposes the BHA scheme and revealed that it is to go to Ireland in order to back an entire card at Leopardstown, south of Dublin, on 17 January, when the two headline races will each carry prize money of Euro 100,000.
 
“This will be the first time Coral has sponsored a horse racing event in Ireland,” the firm said in a statement, “and celebrates the fact that Coral has recently obtained an Irish betting licence and is authorised by the Irish Government to take bets from people in Ireland.
 
"This gives us the perfect platform to promote the Coral name, our passion for horse racing and the benefits of our online and mobile betting service to Irish racing fans and punters.”
 
A Coral spokesman said the Irish deal was of three years duration, and pointed out that Coral has backed the Welsh National since 1973 and the Eclipse Stakes since 1976 under agreements that cannot be extended unless the firm signs up to the BHA's Authorised Betting Partner program in the UK.
 
Tension between some bookies and the BHA has continued over the levy system which supports BHA, with some firms unable to agree to next year's levy proposals. This led to the UK government deciding this week to roll over the current scheme and levy for another year whilst the dispute is resolved.

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Gambling News :

GVC In Content Deal With Microgaming’s Quickfire - Microgaming-powered Prima Networks Limited will supply over 50 new titles to GVC’s recently acquired bwin Casino, PartyCasino and Party Poker gaming sites within the coming weeks.

Opap in memorandum of understanding With Inspired - Virtual sports provider Inspired has entered into a memorandum of understanding (MOU) with Greek betting and lottery operator OPAP for the supply of its full suite of virtual sports, for integration online and across OPAP's retail network.

DeltaCorp To Acquire ace2three - Our readers will recall Delta Corp. acquired a 26 percent stake in Gaussian Networks, parent company of India’s largest online poker operator Adda52 earlier this month

More Australian POC Taxes - In an interview with The Australian, Tabcorp chief executive offer David Attenborough warned “global rivals” of his belief that other Australian states are moving fast to follow South Australia’s lead in implementing a point of consumption tax.

William Hill Exits Russia - "Starting from September 23 William Hill Casino Club will terminate its activities in the Russian territory for legislatory reasons. All active customer accounts will be suspended," the advisory reportedly detailed.

Pennsylvania Online Gambling Hearing Postponed till October - HR 2150, which includes DFS and e-gaming elements, was passed as part of the critical state budget bill by the House in June this year, with lawmakers expecting the bill to contribute $100 million annually in licensing and fees to help balance the state budget.

Two Mega Fortune Dreams Jackpots Hit - Both Swedish players, the first lucky punter hit a GBP 100,000 jackpot playing on his mobile phone, while the second, identified as Martin, staked just 18p before netting a GBP 60,000 jackpot on the popular series thinking he was playing in demo-mode.

ASA Looking at Ladbrokes and Netbet ads - A TV ad for Cosmo Gaming’s NetBet online casino was determined by the UK Advertising Standards Authority (ASA) as glamorising online gambling following a single complaint.

Betconstruct In Deal With Realistic Games - BetConstruct has agreed a deal in which it will integrate a range of Realistic Games online table and slot content including blackjack, roulette and slot titles Super Graphics Upside Down, The Fruit Factory and Fireworks.

XLMedia Half 1 2016 Earnings Report - Online gambling marketing company XLMedia, which operates websites driving players to online casino operators, delivered robust interim results for the first half of 2016, attributing its success to investment in technology.

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