Tag Archives: Culture

GVC suggests 900 of its betting shops will close

Ladbrokes

GVC Holdings has responded to the news of William Hill’s shop closures by outlining that 900 of its own Ladbrokes and Coral shops could face closure, which is ten per cent lower than its previous estimates made in April.  Similar to William Hill, GVC has attributed the potential closures to the FOBT stake cut brought in on 1 April of …

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Revamped levy system boosts British racing in 2017/18 report

Brighton Racecourse

Reforms implemented by the government to the levy system have generated positive returns for racing stakeholders, as the UK Department for Digital, Culture, Media & Sport (DCMS) published The Horserace Betting Levy Board (HBLB) annual report & accounts 2017-18. Coming into force in April of this year, the new levy forced all UK licensed bookies, whether that be land-based or …

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Culture, Media & Sport Committee wants to lift burden on smaller society lotteries

Parliament’s Culture, Media and Sport Committee says regulation of society lotteries should be changed to lift the burden on smaller lotteries and new lotteries starting up. Society lotteries are intended to be primarily a means of raising money for charities and other good causes. The vast majority are small, often local, and raise sometimes small but vital sums of money …

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