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BRITISH HORSE RACING LEVY AGREED

Thursday,  November 3, 2011 :  This year's subsidiary is GBP72.4 million
 
Just inside the deadline for agreement the British horseracing industry and the nation's bookmakers agreed the annual levy this week, signing off on a deal worth GBP72.4 million to horseracing, which is suffering from low attendances and shrinking revenues.
 
Reporting on the agreement, the Guardian newspaper says that neither party wanted the interference of the UK government as happened last year, and this spurred negotiations to a compromise solution.
 
It is understood that the deal did not have the unanimous approval of Levy Board members, racing's representatives opposing it on the grounds that the final figure is too low.
 
"For the first time, it provides for a guaranteed minimum of income for racing, the big three firms and Betfair having committed to a base figure of GBP 45 million, though the scheme should provide GBP 72.4 million if projections prove accurate. That represents a small increase on the income from this year's scheme, according to the latest figures," The Guardian reported.
 
Nick Rust, managing director of Ladbrokes, told the newspaper: "This is a sensible compromise that offers progress to both racing and bookmakers. We now need to start work immediately on a long-term settlement that builds on this progress and takes government out of the process for good."
 
The agreement includes a provision through which racing is obliged to provide a minimum of 1,450 fixtures per year, a decision that will frustrate the British Horseracing Authority, which has been trying to reduce fictures to cope with declining income.
 
Ladbrokes' Ciaran O'Brien told the Guardian that the average number of runners per race had also been of concern to bookmakers, since races with fewer than eight runners attract less interest.
 



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Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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