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Replacement of UK Horse Race Levy

Friday, March 4, 2016 : U.K. GOVERNMENT ANNOUNCES REPLACEMENT OF THE HORSE RACE LEVY (Update)
 
Culture Secretary John Whittingdale outlines the plan to fellow parliamentarians.
 
Reports in The Telegraph Wednesday that the British government would announce a new funding system for horseracing today  have proved correct.
 
On Thursday morning during a debate in the House of Commons, Culture Secretary John Whittingdale revealed that a new funding scheme will be replacing the controversial racing levy...and importantly will capture payments from both retail and online bookmakers, based on their profits from UK horse racing wagers.
 
Whittingdale gave a target date for the introduction of the new scheme as April 2017, and promised that it would create a level playing field for all operators, at the same time delivering funds needed by the horse racing industry.
 
Further announcements would be made as the scheme is developed, he said.
 
The Secretary's announcement was cautiously welcomed by the Association of British Bookmakers, who warned that the issue should not stand alone, and must be viewed against a backdrop of increasingly heavy taxation on UK-licensed firms.
 
The Association pledged to work with government and the horse racing industry on the "critical and so far undecided detail of the new system to ensure that any new levy is both fair to horse racing and the betting industry.”
 
In its statement, the Association noted that the horse racing industry has benefitted from betting and media payments that have grown by tens of millions of pounds in recent years, and that retail betting shops are struggling with the current 10.75 percent per annum contribution.
 
“Any new deal on levy has to be fair to betting shops and should be based on an accurate assessment of the level of subsidy required to support horse racing,” the statement observed.
 
The British Horseracing Authority was predictably pleased with the announcement of a new scheme, describing it as a great opportunity for racing and the betting industry to come together for the benefit of all.

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Gambling News :

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

Microgaming is set to release three exciting new games in March - Pollen Party will literally have players buzzing with excitement as the ground-breaking, 720 way variable reel online slot is brought to life in a unique honeycomb reel layout.

NBA Odds: Resurgent Clippers Face Warriors in Oakland - After a much-needed lineup shuffle, the Los Angeles Clippers (29-27 SU, 35-21 ATS) carry a four-game SU and ATS winning streak into Thursday’s game against the best team in the NBA, the Golden State Warriors (47-9 SU, 27-27-2 ATS). Tip-off is at 10:30 PM ET on TNT.

NBA Odds: New-Look Pelicans Host Rockets on Thursday - The New Orleans Pelicans just hosted the All-Star Game and saw their very own Anthony Davis win the MVP. But the celebration was brief because the next day, the Pelicans made a huge trade,

PokerStars.CZ has launched in the Czech Republic - PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republic’s new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.

Luckia Games in Partnership with NYX Gaming Group - NYX will provide Luckia with its open gaming system, NYX OGS, and open platform system, NYX OPS, to support the growth of its established Spanish operation.

Sunbets to Sponsor Sutton United - Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.

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