Tag Archives: Horserace Betting Levy

The UK Tote Group, the consortium of racing-backed investors formerly known as Alizeti, has revealed that it will begin a ‘new era for the Tote’ after confirming the completion of its acquisition of the UK’s pool betting operator for horse racing, making the group the sole owner.  Outlining its plans for brand development, the Group has placed a particular focus upon the modernisation …

After a short trial of lunchtime race meetings, online bookmakers have expressed that they wish for the trial to be extended following the support of The Horserace Betting Levy Board (HBLB). The trial received the backing of the HBLB with the intention of boosting the revenue that could be generated over the lunchtime period for both on-course and off-course bookmakers. …

The Department for Digital, Culture, Media & Sport has put forward a second round of proposals to reform the Horserace Betting Levy, including the closure of the Horserace Betting Levy Board (HBLB). The governmental department has proposed the use of a Legislative Reform Order (LRO) to “reduce administrative and financial burdens on business relating to the administration of the Horserace …

The Racing Post is reporting that  the government has published its initial ‘The Horserace Betting Levy Regulations 2017’, a draft legislation framework which could lead to the replacement of the existing levy system from this coming April. At present the replacement of the levy does not require ‘primary legislation’ with its new provisions being written by a government ‘statutory instrument’ …