European Commission endorses horseracing betting reform

Representatives of the European Commission have today endorsed the UK government’s plans to reform the UK Horserace Betting Levy. Under proposals announced earlier this year, the regulations will place a 10% levy on profit for all bookmakers that receive bets on British horseracing from UK gamblers, bringing this into line with existing European Union state aid rules. The reforms will ensure that all off-shore bookmakers contribute to the levy ...