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Uk Government to announce new Racing Rights Law
Thursday, March 3, 2016 : WILL U.K. GOVERNMENT ANNOUNCE NEW RACING RIGHTS LAW TODAY?
Reports that controversial racing levy could be replaced, with higher costs for online operators.
The usually reliable UK newspaper The Telegraph caused some alarm in online bookmaker circles Wednesday when it claimed that the UK government is about to announce the replacement of the voluntary racing levy with a new compulsory system which will add more costs to an industry already bruised by the imposition of the p.o.c. and higher FOBT taxes.
"The Government will tomorrow say it will replace the controversial horseracing levy with a new “racing right” next April," the newspaper reported.
The present levy, which has been in place for 55 years, requires that UK bookies pay a 10.75 percent contribution to the horse racing industry based on gross profits generated from racing wagers placed in British betting shops.
However, it does not in general at present capture income from wagers made online through British bookmaking websites, often based offshore.
The British Horseracing Authority (BHA) estimated those revenues could give it an additional GBP 30 million a year, noting the increasing use of the online environment by horse racing punters.
The Telegraph claims that the UK government will unveil Thursday its plans to axe the levy in 2017, and confirm that a new racing right will apply to bookies’ offshore businesses.
A year ago the UK Chancellor, George Osborne, indicated that he was ready to implement a racing right to resolve repeated disputes over the racing levy, and it appears that his preparations are now ready for implementation.
That could be bad news for gambling companies already feeling the pinch of new taxes and restrictions on online gambling and fixed odds betting terminals in retail betting shops.
It is unlikely to improve relationships between bookmaking firms and the British Horse Racing Authority either - the BHA's recent imposition of conditional advertising and sponsorships through its Authorised Betting Partner restrictions have not gone down well with some of the major gambling groups
Any new law will have to satisfy not only British parliamentarians, but the European Union legal authorities as well that the compulsory contributions flowing from a horse racing betting right do not constitute "state aid," a possible avenue of protest by gambling companies if a betting right law is introduced.
Americas Card Room Online Super Series Starts Now -
The OSS Cub3d is Americas Cardroom’s 3-part tournament series. It features the Mini Online Super Series (MOSS), the now-underway Online Super Series (OSS), and the upcoming Bigger Online Super Series (BOSS).
New Quick Seat feature at Ignition Poker -
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Finnish people prefer the government to run the casinos -
Nordic countries have been, historically, the main markets for the online casino operators. The reasons for this are rather clear - these countries are very cold and people simply prefer to stay home and gamble than go outside to visit a casino.
NBA Odds: Chalk-Heavy Warriors Host Portland for Game 2 -
The Golden State Warriors needed a strong fourth quarter to put away the Portland Trail Blazers on Sunday. But they still didn’t cover as 15-point home favourites in a 121-109 victory. Can they do better this Wednesday (10:30 PM ET, TNT) in Game 2 of their first-round playoff series?
Caesar’s Triumph Slot Launches -
Caesar’s Triumph is new slot at Bovada that features the Roman dictator in all his glory. The action takes place on five reels where you’ll find 20 paylines and plenty of ways to spin your way to victory.
NHL Odds: Pacific Division Foes Face Off in Edmonton -
The Edmonton Oilers will attempt to defend their home ice advantage this Friday (10:30 PM ET on Sportsnet) against the San Jose Sharks. The Oilers (47-26-9) finished second in the Pacific, while the Sharks (46-29-7) finished third, but only four points behind their First Round foes.
Bingo Cataratas Offers Unique Spin on Classic bingo -
Bingo Cataratas (Spanish for waterfalls) is changing the way people think about bingo according to Bovada. Just because bingo is a classic with a huge following, doesn’t mean it can’t be spiced up with a fresh new format. Bingo Cataratas has the basic structure of bingo, but also has an “extra ball” feature and a bonus mini game.
NBA Odds: Hawks-Pacers in Regular-Season Finale -
Depending on the results of Game No. 81, Wednesday’s regular-season finale (8 PM ET, ESPN) between the Atlanta Hawks and Indiana Pacers could decide whether Indiana reaches the postseason. It could also give the Pacers a higher seed than Atlanta in the Eastern Conference playoffs.
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