Tag Archives: Culture

Horse racing receives financial boost from latest DCMS relief tranche

Horse racing will receive a much needed financial boost as part of the Department of Digital, Culture, Media and Sport’s (DCMS) latest tranche of funding. As a result of the DCMS’ latest round of sports funding, horse racing will receive £21 million in loans, committed to the Horse Betting Levy Board (HBLB). This funding ‘will ensure essential race day integrity …

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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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