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The British Horseracing Authority warns: Convergence of tax rates with online casinos will threaten the global competitiveness of British horseracing.

The British Horseracing Authority warns: Convergence of tax rates with online casinos will threaten the global competitiveness of British horseracing.

At a recent think tank conference held by the Social Market Foundation (SMF) in the UK, top leaders in the horse racing industry strongly opposed the government's proposal to raise the betting tax rate for horse racing to align with online casinos. Currently, horse racing betting in the UK is subjec

24like·0comment05-22
UK horse racing betting tax hits record £108 million, despite continued decline in betting amounts.

UK horse racing betting tax hits record £108 million, despite continued decline in betting amounts.

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

28like·0comment05-20
UK gambling industry sounds the alarm: New tax reforms may push players into the "abyss of black market gambling"

UK gambling industry sounds the alarm: New tax reforms may push players into the "abyss of black market gambling"

The UK government's brewing gambling tax reform plan has triggered a strong earthquake in the industry. The Betting and Gaming Council (BGC) has recently warned that the Treasury's proposed "Single Remote Gambling Tax" plan could have a disastrous domino effect—not only endangering the survival of t

32like·0comment05-05
The number of unlicensed horse betting in the UK has increased, and the British Horseracing Authority (BHA) has expressed concern about this.

The number of unlicensed horse betting in the UK has increased, and the British Horseracing Authority (BHA) has expressed concern about this.

The British Horseracing Authority (BHA) has expressed concerns about a report from the International Federation of Horseracing Authorities (IFHA), which shows that the number of participants in unlicensed horse racing betting sites in the UK is continuously increasing. In fact, this latest stu

24like·0comment02-19

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