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Online bookies accused of exploiting loopholes by moving offshore
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The UK media is speculating that a clash between bookmaking firms and the horseracing industry may be imminent over falling income from the levy paid by bookies to support the British horseracing industry.
The industry is concerned at last year’s 20 percent decline to GBP91.6 million in the levy paid by bookies, which is based on a percentage of the money made from off-course betting. Adding to their worries are estimates that the 2010 levy is expected to drop to GBP76.5 million, a fall of a further 17 percent.
Horseracing authorities claim that the decline is caused by bookmakers “exploiting loopholes in the regulations,” saying that one tactic has been to move online betting businesses offshore.
The levy is racing’s principle funding stream and contributes to stable lad and jockey salaries as well as towards training and veterinary research and education. It flows primarily through prize money awarded for each race.
This Wednesday will see a board meeting at which horseracing authorities will decide on the new fee, which they want to structure so as to deliver a yield of between GBP130 million and GBP150 million. It is also expected that they will call on the UK government to close the loopholes such as those presented by UK companies moving their internet betting structures offshore..
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgaming’s customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sunday’s 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at –115.
Fair Play Bets and QuickFire in Deal -
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Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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