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UK Horse Racing Tax
Thursday March 6 ,2014 : HORSE RACING LEVY GRIEF AHEAD FOR UK GAMBLING OPERATORS
Heavier financial demands for British licensed operators if this amendment succeeds.
The House of Lords debate this week on the new point-of-consumption British licensing and taxation law has produced a suggested amendment that, if approved at subsequent readings, could have serious additional financial implications for companies that licence in the UK.
Pushed by Lord Gardiner, the amendment seeks to use government legislation to extend the current voluntary horse racing levy to "offshore remote operators," and envisages a 10 percent of gross (racing) profits contribution to the Horserace Betting Levy Board, raising an estimated additional GBP 20 million a year for the body.
This would be over and above the likely 15 percent secondary tax on operators wishing to access the British online punter.
The Horserace Betting Levy Board should be awash with cash this year and next following voluntary payments from major British bookies under existing agreements of an estimated GBP 80.2 million.
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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