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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.



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NBA odds on Thunder vs. Pacers Game? - This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.

2 New Christmas Slots For Microgaming - Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.

SportsBetting Supreme Court Showdown - Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)

Mega Moolah Progressive Slot Pays Again - On 15 November 2017, the Mega Moolah jackpot was won by a Grand Mondial Casino player. They took home €938,306.35.

Microgame S.p.A. in deal with Prima Networks - Prima Networks, powered by Microgaming, has signed a deal with Microgame S.p.A., the leading Italian gaming service provider.

NBA Odds: Heat Can Burn Cavaliers in Cleveland - The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

NHL Odds: Rangers Look for Seventh Straight in Chicago - The Chicago Blackhawks (8-8-2) will try to get their season on track this Wednesday when they host the surging New York Rangers (9-7-2) in an Original Six showdown. NBCSN has the coverage beginning at 8 PM ET.

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