Racing Uk Rejects Levy Offer From Four Major Operators?

RACING UK REJECTS LEVY OFFER FROM FOUR MAJOR OPERATORS?

06th June, 2016 at 21:42:57
Source: http://www.azonlinecasinos.com

But they're still welcome to sign up to ABP scheme says BHA.

According to the Racing Post, Racing UK has rejected a fresh levy offer from Betfred, Coral, Ladbrokes and William Hill.

readers will recall these four major operators declined to sign up for UK Racing's recently implemented Authorised Betting Partner (ABP) programme.

According to the Racing Post, the latest offer of 5% on remote gross profits on UK horse racing over a three-year-period, together with 10.75 per cent from retail in 2016-17, followed by a 7.5 per cent contribution from both remote and from betting shops for the following two years was rejected by Racing UK who allegedly said the offer was less than that offered by the bookmakers last autumn.

In the meantime, Frontier Economics is expected to deliver a report in the coming weeks which will contribute towards the Government's decision on a set rate to replace the levy.

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