• 목록
• 답변
• 글쓰기
• 게시판 리스트 옵션
  • 수정
  • 삭제

British Racing and Betfair indication ₤ 40m commercial deal

4 July 2012

Online betting exchange Betfair has actually signed a deal with British horse racing organisers, guaranteeing a minimum ₤ 40m of financing over the yohaig code next 5 years.

It will give 10.75% of all revenues on the sport taken from its UK clients.

It follows conferences with market bodies the British Horseracing Authority, the Racecourse Association and Horsemen's Group.

In return, the sport has actually vowed a minimum variety of components annually and to increase betting opportunities.

The arrangement will replace Betfair's current yearly voluntary Horserace Betting Levy payments.

Most major wagering companies, including Betfair, now run their online operations outside the UK and are liable to pay tax and horserace levy only on organization done within the country - rather than on their total operations.

However, previously Betfair has actually voluntarily paid the UK horse racing levy as though it were still British-based.

The new agreement will replace this promotion code previous ad-hoc agreement and will take effect from the 51st Levy Scheme, which covers the yohaig code 2012-13 racing season.

"We are delighted that we have actually had the ability to reach a contract with Betfair, one which represents a landmark for both the racing and wagering markets," stated Paul Bittar, president of the BHA.

"It brings numerous benefits, including considerable and increased guaranteed funding, as well as importantly providing certainty for the sport in relation to Betfair's contribution."

The Horserace Betting Levy, a significant source of moneying to the sport, has actually been gradually decreasing over the yohaig code years with the moves offshore by wagering companies.

And Mr Bittar said he hoped similar plans to the Betfair one might now be concluded with other wagering operators.

Betfair's primary legal and regulatory officer Martin Cruddace dubbed the deal "historic" and also contacted other wagering companies to "adopt comparable contracts to assist make sure a strong, healthy and lively horseracing market in this nation".

British Horseracing