In an exciting development in the horse racing industry, the Horserace Betting Levy Board (HBLB) has elected gambling industry veteran Simon Clare. Clare has extensive experience in the gambling sector, having held significant positions at well-known betting companies Ladbrokes and Coral for many years. Currently, Clare serves as the Director of Customer Communications for the Entain brand in the UK, and his new role at HBLB is expected to have a significant impact.
The Role of the Horserace Betting Levy Board
The HBLB plays a crucial role in supporting the British horse racing industry. Its primary responsibility is to collect statutory levies from the profits that betting companies make from horse racing wagers. These funds are then reinvested into the horse racing industry to support breeding programs, veterinary advancements, and overall improvements to the events. Over the years, this levy has become an indispensable financial resource for the industry, ensuring its sustainability and growth.
According to a report released in May this year, the Betting and Gaming Council (BGC) will provide a record £105 million ($137.4 million) in levies to the HBLB for the last fiscal year, an increase of £5 million from the previous year. This marks the third consecutive year of rising levy contributions, highlighting the gambling industry's importance to the financial health of horse racing.
Grainne Hurst Welcomes Simon Clare to HBLB
BGC CEO Grainne Hurst emphasized the positive impact of these contributions and praised the ongoing support of the members. She also expressed her delight at Clare's joining the HBLB, stating that his extensive experience will be a key asset in ensuring the continued success of the levy system.
Speaking about Clare's appointment, Grainne Hurst said, "We are thrilled to have Simon join the HBLB. His many years of experience at Ladbrokes and Coral have made him a respected advocate for the events. His wisdom and knowledge will play a crucial role in the HBLB in the coming years."
Hurst also paid tribute to Clare's predecessor Mike O’Kane, thanking him for his valuable contributions during his tenure at HBLB. She highlighted O’Kane's "strong voice" during periods of significant change and rising levies for the horse racing industry. Hurst added, "We wish Mike all the best and are very pleased to welcome Simon to the HBLB."
Simon Clare's Perspective
After his appointment, Simon Clare expressed his gratitude and excitement about his new role. He stated, "I am extremely honored to join the Horserace Betting Levy Board as a representative of the betting industry. Mike O’Kane set a high standard, and I want to thank him for his tremendous contributions during his tenure."
Clare's background in the gambling industry spans decades. Not only is he a seasoned industry expert, but he is also a lifelong enthusiast of horse racing and other major sporting events. This dual perspective of professional involvement and personal passion enables Clare to make meaningful contributions to the work of the HBLB.
Clare added, "I am fortunate to have had a colorful career in the gambling industry at Coral (now part of Entain), and I am also passionate about horse racing and all major sports events, so I hope to make valuable contributions to the board."
Clare's appointment comes at a critical time for the HBLB. With levy contributions reaching new heights, the board will play an important role in ensuring these funds are used to advance significant projects in the horse racing industry. Simon Clare's appointment is a key step in further strengthening the relationship between the gambling industry and horse racing. With this new chapter beginning, the future looks bright for the HBLB and British horse racing.
