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Mobile Betting Impacting UK Horseracing
Tuesday June 11,2013 : ONLINE AND MOBILE BETTING IMPACTS BRITISH HORSERACING
Inflation-adjusted numbers show that horse racing was worth just 1.4 percent less to the UK economy last year than it was in 2008
Online and mobile betting, in both the wagering and information-odds comparison senses, has adversely impacted British horseracing, an independent report commissioned by the British Horseracing Authority from Deloittes has shown.
Unlike land bookies in the UK, online operators are not obliged to make contributions to the horseracing levy which subsidises the industry, the BBC reported this week.
Horse racing was still worth GBP 3.45 billion to the UK economy in 2012 despite falling gambling revenues due to the activities of offshore internet gambling operators, the report found. However, the report pointed out that increases in revenues from television rights had partially offset the losses.
When inflation is taken into account, horse racing was worth just 1.4 percent less to the UK economy than it was in 2008.
Online betting platforms that help punters to compare odds more easily contributed to the impact, the report discovered.
The BBC claims that horse racing is second only to football in terms of spectators, with racecourses attracting 5.58 million visitors in 2012, whilst the Grand National race reached a peak audience of 8.9 million in 2013 in its first year on Channel 4.
"British racing has faced, and largely come through, a significant test," said Paul Bittar, chief executive of the BHA.
"We were never going to be immune to the wider financial difficulties that still prevail, but can all be extremely proud of the scale of our sport's continued contribution to the UK economy."
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 Microgamingís 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 Sundayís 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 Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
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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