Racing heads with the leadership of British Horseracing Authority (BHA) have joined hands with the aim of eradicating the issue of bookmakers sponsoring racing events, tracks as well as festivals. The effect will come to be not unless these bookmakers pay levy contributions. This move was processed by the Arena racing Group (ARC) and the Jockey Club who have ditched the bookies since they have not been meeting their levy principles.

The enforcing of the levy acts has been attributed by the fact that a report by BHA has indicated a total loss of £30 million every year by the British Racing which equals to the tax payments. The report also indicated that there is a high possibility of racing contributions by bookmaker from £105 million in 2004/04 to £53 million in 2017.

Chief Executive of the BHA Nick Rust claimed that British racing has been according millions of people with much needed fun, created over 85,000 jobs as well as incorporating £3.4 billion to the economy. However, the reluctant of Horse Betting levy system to fund them from the incomes generated from the

The BHA claimed that those bookmakers who have contributed their levy share have been accorded with UK Racing’s ‘Authorized Betting Partners’. They include Betfair, bet365 and 32Red. The bodies have decided on holding the move up to the 31^st day of December where they hope to have come up with a substantial solution. All deals conducted at this period will be respected but won’t be reintroduced at any given time.

Chairman of the Racecourse Association Maggie Carver claimed that the RCA and other associates in the racing and betting platforms are working in order to come up with a Racing Right. Time will be accrued for the well-being of their relationship in spite of the Government welcoming the commitment strategy.

He continued to add that the RCA and its associates have for long appreciatedthe marketablerelations with stakeholders from betting operators. Nonetheless, it would be fair if there is integrity and fair rendering of levies for the benefit of each stakeholder. The ARC and Jockey Club Racecourses have shown the right procedure to undertake in such a scenario.

Many betting companies have joined hands in attempt to maximize their profits or even make their products renown to many across the globe. Recently, it has been witnessed that merging is a process that has seen several firms undertake with a good example being the merging of Paddy Power and Betfair. This is the trend that has been undertaken by, Metric Gaming a company that specializes in live betting technologies and together with its partner Boylesport a bookmaker based Ireland teamed up.

This new joint venture would see Metric Gaming incorporate in Boylesport sports betting products its long-term in-game golf pricing feeds. The ‘to be’ incorporated live pricing feed comprises of collections of 2 to 3 ball groupings. This would give a chance to golf bettors with Boylesports to bet in-play whereby a golfer would be accorded with a group of 2 or 3 of his balls which would be immersed in the 18-hole. Bettors are supposed to be very keen in such a scenario as odds will be updated now and then all day.

The new invention that has been incorporated in the Metric Gaming platform will award its present as well as future associates with an in game pricing feed that is at the very top of the world that will be integrated through a basic, API-driven incorporation.

This package will furthermore incorporate live in-play bettors who would bet on hole-by-hole markets which would comprise of scores and hole champions as it is the case with Metric’s SuperLive™ golf offering.

The Commercial Director at Boylesports Brendan Hughes claimed that his company was more than pleased with the activities undertaken by Metric especially on areas concerning innovations and sports betting proficiency. He continued to say that he was happy to strike the deal as it would bring to the door steps the cutting edge of amusement in in-game golf betting.

His words were echoed by the Metric’s CEO Peter Bertilsson who added that he was proud to be among the company that gives out the best golfing offers in one of the sport that matches well with in-play markets. He claimed to be eager to work closely with Boylesports in bringing betting reality and experience to their clients.

Barely 24 hours after the two powerhouses claimed to have a merger deal that was worth £5 billion, and agreed on terms and conditions, are the two firms now eying on a possible huge sum savings in the coming future.

Executives from both sides claimed that the to be initiated program will be on verge to accumulate savings that would be worth £50 million each year and will be enacted from shared synergies that the two claimed that would be initiated three years from when the merge was incorporated.

With both Paddy Power and Betfair contributing a combined 7,000 employees across the globe provides an extended area for client’s service. Paddy Power has both retail and online betting divisions with its main headquarters at Dublin and is supplemented by other regional offices based in Rome, London as well as Melbourne. The company has recently initiated an operational developing office in Bulgarian city of Sofia.

On the other hand, Betfair controls all its operations from its main HQ in London with a supplement branch in Halifax, Stevenage. It however has other subsidiary operational bases in Malta, Gibraltar as well as Dublin. Back in April, the company claimed that it had initiated a strategic operational base in Cluj in Romania.

After it was official that the two firms would merge on 26^th day of August, advisors from both Betfair and Paddy Power have been working day and night in attempt to come up with a synoptic researching strategywhich would be fundamental in enacting savings as well as avoiding its services and assets duplicates.

Heads from the two firms claimed that they the association will put in effect specific operational and support functions and would aim at cutting jobs along its various business operational divisions as they aim at attaining their main objectives.

The merging of these two firms is claimed to generate a total income of €1.7 billion and much of this income will be enacted from digital products by 80%. This amalgamation will be initiated and fully functional in more than 100 nations with UK, Ireland, Canada, Italy, Australia, US and Denmark among the few. A total of 94% of its total income will be generated by the regulated markets.

Betting has been faced by serious problems especially to those operators who lack the operational licenses. More often than not, these operators are tempted to indulge in illegal betting which in many nations is going against the law. However, there still some operators who operate without license and prevail. They tend to evade the huge taxes that are levied by the sports betting regulatory bodies.

It was reported that more than $145 million has been operated and transacted through illegal betting. To curb the situation, various governments have incorporated state law enforcers who go door to door to seek those who violate the law. Nonetheless, to be on the safer side, it is always advisable to acquire an operational license and avoid being on the opposite side with regulators.

On that note, the Irish betting authority has claimed that it would offer a total of 27 operating licenses to those operators working in its new regulated sports betting market. The new licenses have been granted a gross period of two years. This will now give a chance to the iGaming as well as sports betting companies to accord Irish clients with their products and their services.

The Irish Tax and Customs office issued this new list at the beginning day of September. Among the 27 betting firms in the list included the leading betting operators in the nation; Paddy Power, Boylesports as well as Matchbook. Other betting operators who are based outside the country but were accorded with the license are bet365, William Hill, Gala Coral, Betfred, Betfair and the mighty Ladbrokes. All these firms are based in the UK. 188BET, bet-at-home, Full Tilt and PokerStars are the notable international betting operators included in the list.

The new rules that were initiated on the 1^st of August claim that online casinos, gaming and bingos in the nation will be levied a 1% tax yearly to their income. Online Sports Betting on the other hand will be accorded with a 15% revenue cut. This is much less than what the UKGC of UK levies to its bookmakers.

This fresh innovation is deemed to be fundamental in the initiation of the Irish Gambling Control Bill come the year 2016 and will be the beginning of a specific betting operator.

This Monday Victoria Pendleton will prove beyond doubts that she is truly the most successful female Olympian with her favorite ride with her long term partner Royal Etiquette heading to the event held at Ripon.

Pendleton had no good period after she finished eighth overall in a charity race that was held in Newbury las July. She is currently riding for the well known trainer Lawney Hill who takes charge of the Royal Etiquette who is aged 8.

Pendleton who is the current Olympic sprint cycling champion on two occasions is focused on taking charge of Foxhunter Chase come March at an event in Cheltenham. However, this Monday she will go head to head with other 14 beginners where Betfair has given flat handicap for all the participants.

According to Hill, the relationship between Victoria and Royal Etiquette is marvelous. She has been riding him for some time now and the two have known each other in and out. There is the aspect of confidentiality between the two and that the lessons learnt while working hand in hand with Yogi Breisner is that for an outstanding result by an armature in horse racing would be attributed by the relationship between the horse and the rider.

He continued to say that Victoria has a successful career for her motivation and dedication whereby everything she does has a psyched mentality and a unique work ethic and this has made her to be always outstanding. To the horse, Hill said that Royal Etiquette has improved his form drastically and people will watch and prove all this. This comes after he scooped the Leonna Mayor and Kirsty Milczarek awards and his main eye is on the lady jockey who he likes much. The reliability of the horse would give Victoria an easy time at the start to the finish and would clinch the glory.

Managing director James Hutchinson on the other had claimed that Victoria’s participation in Ripon has brought interests from several photographers and this brings the anticipated chance for the racecourse as well as racing in the exhibition of the true horse racing. He concluded by saying that they would initiate every possible measures to oversee their success.