UK Racing board posts draft recommendations
By paul
In another round of the battle between online betting exchanges and the racing establishment, The Levy Board’s Bookmakers’ Committee has answered recent criticism in the UK High Court by posting its draft recommendations for the next levy scheme on its website and inviting comments. This is the first time the Levy Board has taken such a step, and reports suggest that this is because the board is stung by.

Justice Hooper ruling in favour of Sporting Options. Sporting Options had challenged the Levy Board’s charging system for betting exchanges as the scheme works now. The Judge cited flaws in the Bookmakers’ Committee’s consultation methods. And expressed concern at the last-minute nature of annual negotiations between the committee and the Levy Board. Both issues have been addressed in time for the next round of debate.

The UK Department of Culture, Media and Sport ruled that Betfair, the industry leading betting exchange, should be given a seat on the Bookmakers’ Committee. Betfair was represented for the first time at last month’s meeting.

The committee proposes no change to the current levy structure for bookmakers operating licensed betting offices, and telephone and internet credit accounts, and for spread-betting firms.

 
 
 
 
 
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