HBLB consultation set to focus on betting exchanges
Date posted: 09 Jul 2010
Betting exchanges are set to be the focus of a new consultation process which is being operated by the HBLB.
Published by Louise Border.
A consultation process will enable the Horserace Betting Levy Board (HBLB) to gather views concerning betting exchanges.
According to the organisation, the process will aim to see if some types of betting exchange users could be classed as leviable bookmakers.
The HBLB is inviting interested parties to contribute to the consultation, which is due to run until September 20th of this year.
Commenting on the board's decision to launch its consultation, the body's chairman Paul Lee has noted that the HBLB feels this is the best way forward.
Speaking on the organisation's website, he stated: "We welcome responses from all those with an informed viewpoint on the areas raised in the consultation document, as well as on any other relevant matters."
Key levy legislation does not currently take betting exchanges into account, the organisation revealed, which may be one reason for the board's consultation.
Following the HBLB's announcement, the British Horseracing Authority's chief executive Nic Coward queried whether "immediate action" should have been taken instead of a betting exchange consultation.
Please contact Rachel Flynn, Head of Horseracing and Equine for further information or call 01223 225168
Click here to email or call on 01223 225168.
Partner
Our team is immersed daily in the horseracing and breeding world and clients range from governing bodies, trade associations and racecourses through to individual racehorse owners, trainers, studs and bloodstock agents.
Learn more...
