The UK horse racing industry looks set to change the amount operators have to pay on their profits if new proposals pass the European Union’s state aid rules.

UK bookmakers against racing levy.

British operators may be poised to take legal action if a new horse racing levy is passed by the EU. (Image: skysports.com)

Under the new proposals, UK and offshore betting operators will have to pay a 10 percent levy on their gross profits above £500,000 from April 1 to support the racing industry.

Despite operators sponsoring racing events across the UK and Ireland, the new rules would mean they’ll have to contribute … Read more

UK Gambling Commission fees.

UK Gambling Commission announces a number of changes in 2017, including a change to operator fees. (Image: combiboilersleeds.com)

The UK Gambling Commission (UKGC) is ringing in 2017 with some changes, but not all the updates will please members of the betting industry.

Following a consultation between the UKGC and the Department for Culture, Media and Sport (DCMS), the regulatory body has announced a change to its fee structure for operators.

In addition to consulting with the government on the proposed changes, licence holders were also given the option to comment on the proposals.

With all the responses in and the … Read more

MPs like Alex Salmond receive gambling hospitality.

UK gambling operators turn on the charm in 2016 by giving MPs like Alex Salmond (pictured) £20,000 in gambling related gifts. (Image: dailyrecord.co.uk)

UK gambling operators did their best to charm influential MPs amid a review of the betting industry according to recent reports.

Looking back on a year when the government paid closer attention to the betting industry, the expense sheets of certain politicians showed that there may have been a charm offensive in place.

With everything from gambling tax to Fixed Odds Betting Terminals (FOBTs) under scrutiny, operators offered up £20,000 of hospitality to various MPs.

Taking the … Read more

 Leicester City earns punters £25 million.

It was another year of mixed fortunes, but at least Leicester City supporters were able to bank £25 million. (Image: ab.net.au/Getty Images: Laurence Griffiths)

It’s been another year of fun and frolics in the United Kingdom’s gambling industry filled with excitement and controversy.

From Brexit fears and continued homogenisation of the market to big money winners on long shot betting prospects, British bettors had a lot to keep them occupied over the last 12 months.

Mergers and Movers

2016 didn’t see as many mergers as 2015, but the market did continue to consolidate. In February, we saw Paddy Power BetfairRead more

HMRC changes free bet tax.

HMRC revises its free bet tax policy, much to the relief of British betting operators. (Image: PSL Images/Alamy)

UK online gambling operators received a slight reprieve recently after HMRC decided to revise its stance on free bets.

Back in March, online operators were given a fright after Chancellor George Osborne announced that he would be seeking to apply the 15 percent general betting duty on free bets.

Until now, things such as welcome bonuses and free wagers haven’t been included in the levy operators have to pay on player bets.

A Tax Too Far for Operators

However, with reform on … Read more

Yahoo DFS licensed in the UK.

UK DFS fans can now access North American tournaments thanks to the newly licensed Yahoo DFS. (Image: cbronline.com)

Yahoo can now offer daily fantasy sports (DFS) betting in the UK after it was granted a licence by the UK Gambling Commission (UKGC).

The company behind the famous search engine is no stranger to the DFS industry with fully operational sites in the US and Canada currently competing with the likes of DraftKings.

However, thanks to the UK’s laws regarding online gambling, it hasn’t been able to offer its services in the country until now.

After reviewing Yahoo’s application, the … Read more

UK online gambling bigger than ever.

UK online gambling is now the leading light in the industry after revenue topping £4.5 billion. (Image: gamerlimit.com)

The UK’s online betting industry is now a bigger cash cow than the National Lottery and high street betting shops.

According to a recent report by the UK Gambling Commission (UKGC), online betting revenue now accounts for 33 percent of all gambling in the UK.

Reviewing the period between April 2015 and March 2016, the industry’s Gross Gambling Yield (GGY) hit an impressive £4.5 billion.

The Biggest Player in Town

On top of making online betting the most lucrative sector in the … Read more

Tracey Crouch disappointed with ABB.

Culture Minister Tracey Crouch disappointed with the ABB’s FOBT meeting boycott. (BBC.com)

Fixed odds betting terminals (FOBTs) continue to cause a rift among the UK gambling community, this time it’s thanks to the Association of British Bookmakers (ABB).

Back in September, the government announced that it would be reviewing the status of FOBTs amid concerns that they could be increasing instances of problem gambling.

As part of the review, a Commons meeting was scheduled to take place in mid-November to discuss the matter.

However, believing that the deck had already been stacked against them, the ABB decided not to attend.… Read more

Vincent Tchenguiz wins betting on Trump.

Vincent Tchenguiz wins £1.2 million by betting on Donald Trump to win the US election. (Image: Alchetron.com)

Donald Trump might be causing a stir across the pond, but his shock win in the US election has earned one British punter a seven-figure payday.

With record betting on this year’s US election, Vincent Tchenguiz decided to have more than a flutter on Mr. Trump. Sensing a power shift in the lead up to the final ballot, property tycoon Tchenguiz wagered £350,000 across a variety of betting exchanges.

Although he wouldn’t be drawn on his feelings on Trump or his election win, … Read more

William Hill to sponsor ITV racing.

William Hill wins the race to become ITV’s broadcast partner when it takes the reins of UK racing in 2017. (Image: news.williamhill.com)

William Hill will become the corporate face of British horse racing thanks to a £10 million sponsorship deal with ITV.

Back in January 2016, ITV shocked many in the racing world by beating Channel 4 and Sky Sports to win the broadcast rights for the sport in the UK.

Channel 4 has been the home of British racing on TV since 1984. But, following a bidding process, the broadcaster was forced to give up its tenure.

A New

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