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The four betting giants have declined being part of the authorised betting partner scheme, as they do not agree with the terms regarding levies paid. Their offer was comprised of 5% remote gross profits and 10.57% of retail operations during the year 2016 to 2017. This would then be followed by a 7.5% of both verticals until 2019.
Will Not Disclose Details
Will Lambe is the British Horseracing Authority Director of Corporate Affairs, and he does not wish to make the details of their negotiations with William Hill, Ladbrokes, Coral and Betfred public knowledge.
Fully Committed
However, Lambe has said that the British Horseracing Authority is ‘fully committed to achieving sensible interim arrangements prior to the replacement of the levy’. He added that they will help to ‘smooth the transition’, as well as working hard to achieve fairness for all online gambling providers.
Extensive Research
Frontier Economics has been conducting extensive research on the best possible solution for the parties involved in the levy dispute. The economics experts have been examining the stipulations set by the British Horseracing Authority in conjunction with the activities of Coral, Betfred, Ladbrokes and William Hill. The results of their investigations will be revealed in a report, due to be released very soon.
Successful Operators
Given that these sports betting organisations are big players in the UK market, it would seem important that the British Horseracing Authority is able to come to an agreement with them. Ladbrokes, Coral, William Hill and Betfred are all very successful operators that provide popular services like live betting, in play betting and promotions galore – and the British Horseracing Authority would surely benefit from collaborating with them.