No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
UK HORSERACE LEVY DECIDED
Posted 2/17/11 : Government steps in as parties fail to compromise
The bitter debate between UK bookies and the horseracing industry regarding the size of the levy to be paid has been settled by a government minister due to the inability of the parties to reach a compromise.
In a statement at http://www.culture.gov.uk/news/media_releases/7859.aspx Culture Secretary Jeremy Hunt set the terms of the Horserace Betting Levy Scheme for the year 2011/12, saying government is responsible for determining the 50th Levy Scheme after the parties involved failed to reach agreement last year.
Hunt believes that the reasonable estimated yield should be in the range of GBP73.7 million to GBP80.8 million in line with the recommendations of the government-appointed members of the Horserace Betting Levy Board.
To achieve this, a number of changes will be made from the terms of the 49th Scheme – the headline rate of levy will increase from 10 to 10.75 percent, and the threshold level under which betting shops pay a reduced rate of levy will come down from GBP88,740 to GBP50,000.
There will be no change to the scheme in relation to foreign racing; the Levy supports British horseracing and the minister has decided to collect it only in relation to bets on those races that take place in England, Scotland and Wales.
The Culture Secretary emphasised that he had taken into account submissions from both the racing and bookmaking industries together with advice from the members of the Horserace Betting Levy Board.
Hunt made a point of commenting on the inability of the warring parties to come to an agreement without his intervention, saying: “It is really disappointing that two important industries have been unable to come to a sensible commercial agreement. I have tried to be fair by listening to the advice of the independent members of the Levy Board and I will continue to be guided by their advice in future years until what should be a straightforward commercial negotiation can be taken permanently out of the hands of Ministers.
"I am grateful to the Government-Appointed Members of the Horserace Betting Levy Board and both interested parties for their submissions. I have now asked the Horserace Betting Levy Board to finalise the operational details of the scheme as a matter of urgency”.
The annual scheme is a levy on the profits of bookmakers from betting on British horseracing, and goes towards funding horseracing – for instance through integrity services, veterinary science, prize money, training initiatives and breeding programmes.
The increase in headline rate to 10.75 percent will apply to telephone and internet betting operators (including betting exchanges) as well as Licensed Betting Offices.
For bookmakers who derive their gross profit from spread betting businesses the levy will be set at 2.15 percent of such gross profit where it arises from British horseracing. For bookmakers taking bets at the racecourse the flat rate annual fee will increase in line with RPI to GBP210, whereas for those bookmakers who solely stand at point-to-point, harness racing or trotting events the new fee will be GBP166.
The government’s separate plans for longer-term reform of the Levy will be announced soon.
Paul Roy, chairman of the British Horseracing Authority, said: “Racing welcomes today’s decision by Secretary of State Jeremy Hunt as a major step in dealing with long-standing failings of the current system. It will halt the severe decline in the Levy, and the damage this is doing to the sport.
“The Coalition Government could not right all the wrongs in the current system with this decision, but they have addressed issues with traditional LBOs, and have signalled fundamental reform to come. The next stage has to deliver what is due from remote betting, particularly offshore operators and betting exchanges.
“The range this decision sets is therefore short of the full amount the entire betting industry should be contributing, but today’s announcement is an important shift in achieving Racing United’s goals.
“The rise in the headline rate is significant, as is the major reduction in the threshold level, and shows that nothing is set in stone.
“We believe that it is only through major reform that full and fair return, and the environment for real and constructive negotiation, on a level playing field, can be achieved. As we told the Secretary of State in November, we will devote our energies in the coming months to working with Government on this."
USA Online Gamblers. The Best Online Casino with the fastest payouts and highest bonus. Get your Exclusive Bovada Bonus Code now. Up to $4250 in free sign up bonuses. Dont miss out on this limited time special offer.Online Poker, Online Casino and Online SPorts betting all included in this exclusive Bovada Bonus.
2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.