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Tag Archives: ABP

Horse-racing-5

We now know the price that British racing is asking their bookmakers to pay for becoming an authorised betting partner for digital horseracing.

This past autumn, the policy was announced as one way to capture some of the approximate 30 million that is not being contributed to the levy. The policy immediately draw the ire of a large number of bookmakers in the United Kingdom.

Bookmakers who will route their digital horseracing business via offshore means will be required by British racing to contribute 7.5% of their gross wins to the 2016-17 levy.

Only a handful of bookmakers in United Kingdom, among them Betfair, bet365 and 32Red have put their signature under theĀ  new policy which gives preferential treatment to those participating. Those bookmakers who are not participating expect overall disadvantages including but not limited to potentially being barred from accessing racecourse press rooms and parade rings.

British horseracing groups Arena racing company, Jockey club racecourses along with several others to get away racecourses Chester, Fakenham and Newton Abbot are currently backing the initiative by the ABP. Tracks such as York and Pontefract will continue to work with sponsors who are not part of the ABP but not grant sponsorship to new bookmakers who didn’t sign the new policy.

Those book markers that signed are more also be granted a kite mark to show that they support the initiative and horse racing in the United Kingdom.