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Customers of betting exchanges are not leviable bookmakers

Saturday, June 11,2011 : GOOD NEWS FOR BETTING EXCHANGES
 
Customers of betting exchanges are not leviable bookmakers
 
A bitter dispute involving the British Horserace Betting Levy Board, the British Horseracing Association and major betting exchange Betfair has been resolved following expert legal advice on the question of whether customers of UK betting exchanges are capable of being leviable bookmakers.
 
At a meeting Friday the BHLB decided that it would not seek to impose any levy on the customers of betting exchanges.
 
In reaching its decision, the Board considered and accepted the legal advice it had received from Lord Pannick QC and Michael Fordham QC, advisors to the Board, also taking into account the views of those who had made submissions to the Board and the legal advice that they had received that customers of betting exchanges do not constitute leviable bookmakers under the Betting, Gaming and Lotteries Act 1963.
 
Responding to the news, Betfair's top legal man, Martin Cruddace, did not mince his words on the debate:
 
“Today draws a line under the issue of whether betting exchanges and their customers should be treated differently to other betting operators and punters for the purposes of the Levy – with the unequivocal answer being ‘no’”, he said.
 
“Quite rightly, the independent views of the best legal brains in the country have been accepted over the misguided interpretation of a few individuals.
 
“This has cost racing over GBP2 million, money that should have gone to prize money.
 
“We have lost count of the number of times this issue has been thrown out by a succession of government and quasi-government bodies.
 
“This did not prevent the BHA Chairman from agitating for this consultation and being a major driving force behind it. He has put everything on red and it has come up black.
 
“We hope that the responsible elements of horseracing will accept today’s conclusion and we look forward to continuing a mutually beneficial relationship with them.”



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Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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