Following the conclusion of the 2022/23 financial year and the publication of the UK’s gambling White Paper, the Horserace Betting Levy Board (HBLB) has revealed its estimation of levy contributions. The racing funding organisation projects that, after receiving provisional submissions from levy-paying bookmakers, the total payment as of 31 March 2023 will stand at £99m. Contributions from operators have therefore …
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Neil Hayward has been announced as the first chair of the Industry People Board for UK Racing, a new workforce directive established by the British Horseracing Authority (BHA), the Horserace Betting Levy Board (HBLB) and the Racing Foundation. An expert in business transformation and HR planning for large-scale organisations, Hayward will lead UK Racing’s new dedicated unit charged with improving …
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The British Horseracing Authority (BHA) has published its fixture list for the 2022 season, with plans to enhance the number of meetings taking place on both Saturdays and Sundays. In total, the number of races taking place throughout 2022 will be 1,482, down four from the 1,486 showcased in 2021, although the number of weekend meetings will be increased, with …
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The Horserace Betting Levy Board (HBLB) has committed to providing £31.9 million in funding for the first four months of 2021, continuing the ‘significantly increased support’ that it has provided since the resumption of racing in June 2020. The contribution will include £24.4 million which will be designated for prize money, a 46% increase on the normal level paid by …
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The Horserace Betting Levy Board (HBLB) has offered a £3.2 million boost to UK racing in the form of immediate and short-term funding. The Board has agreed to fund £1.46m of one-off costs incurred by racecourses which will be used to ‘meet regulatory standards and guidance for hosting fixtures in the current environment’. This will be limited to £75,000 per …
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The Horserace Betting Levy Board (HBLB) has confirmed that reserves held to support the sport through difficult times will be 40% lower than pre-pandemic levels. Reported by The Guardian, the Board’s chief executive Alan Delmonte revealed that reserves are predicted to be around £30 million by the end of December, having been around £50 million in March. “That shows you …
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The Horserace Betting Levy Board (HBLB) has confirmed that it will make a ‘substantial increase’ in its prize money for the remainder of the year, with allocations due to rise by 50%. HBLB has been spending around 25% more than usual on prize money since 1st June but from 1st September, for the following four months, this will increase even …
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The Horserace Betting Levy Board (HBLB) is due to fund nine additional racing fixtures across June and July, in recognition of the ‘high level of immediate demand to run’. With Scotland and Wales resuming racing later this month, the British Horseracing Authority (BHA) has revised its current racing programme to include race meetings at Scottish and Welsh courses. Tom Byrne, …
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The Horserace Betting Levy Board (HBLB) has boosted its prize money contributions to support the industry as it continues to deal with the financial implications of the coronavirus crisis. With no crowds on racecourses, nor betting shops open, a drop in prize money was previously considered to be ‘inevitable’. The HBLB has since confirmed that it would boost its prize-money …
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The Horserace Betting Levy Board (HBLB) has confirmed that racecourses with capital credits balances currently totalling £6.5m will be able to draw on them to assist with their immediate cash requirements. As it stands, there are currently 18 racecourses which hold capital credits balances with HBLB. Under the new scheme, HBLB will allow each racecourse to have the option of …
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