Despite the continuous decline in horse racing betting turnover, the Horserace Betting Levy Board (HBLB) in the UK expects to receive a record £108 million in taxes for the fiscal year 2024-25. This revenue comes from betting companies with gross profits over £500,000, taxed at 10%, and is used to s
Despite the overall decline in betting amounts for horse racing events, the UK Betting and Gaming Council (BGC) has expressed concerns about the further increase in the tax burden on horse racing.It is expected that in 2024, BGC members will pay a record £108 million (approximately $143.8 million) i
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 ye
Entain’s customer communications director, Simon Clare, is the Betting and Gaming Council’s appointee to the Horserace Betting Levy Board (HBLB). Replacing Mike O’Kane on Monday, Clare said O’Kane will be a “hard act to follow.” “I have been fortunate to have enjoyed a long and varied career withi
As the horse racing industry gradually adapts to changes in the business and regulatory environment, the leadership of the Horserace Betting Levy Board (HBLB) in the UK has been temporarily strengthened.On September 16, Lisa Nandy, the UK Minister for Culture, Media and Sport, appointed Anne Lambert
Members of the industry have been paying tribute to Paul Darling OBE, chairman of the Horseracing Betting Levy Board (HBLB), who died suddenly aged 64 last week. Darling has served as non-executive chairman of HBLB since April 2020. Prior to this, he served on the Board of Directors of B
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