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UK Bookmakers Threatened with Mandatory New Levy

UK Bookmakers Threatened with Mandatory New Levy

UK Bookmakers Threatened with Mandatory New Levy

UK Shadow customs Secretary Harriet Harman, whom week that is last her plans for an additional levy on all kinds of recreations betting, online and off. (Image: theguardian.com)

The stock exchange had reacted poorly to news that the UK Labour Party is arranging a levy that is multimillion-pound all sports betting, online and off, should it is elected in 2015. Ladbrokes plc dropped 3.16 percent, while William Hill plc fell 2.88 percent immediately following the announcement by Labour’s Shadow Culture Secretary Harriet Harman final week. The levy shall be similar to that currently applied to horseracing betting, the revenue from which, some £82 million ($139.314 million) in 2014, is ploughed back to the horseracing industry.

More Money, More Sports

The scheme that is new part of Labour’s ‘More Sport for All’ incentive, that may begin to see the extra income raised from sports betting going primarily to the development of grassroots activities, with some going towards the treatment of problem gambling. Harman also said she is considering the introduction of a ‘proper levy’ on income derived by the Premier League through the sale of soccer television legal rights, which is going to be allocated to developing grassroots football.

‘We were all proud to host the Olympics and Paralympic Games in London two years ago but rather of seeing increased involvement, things have got worse especially amongst young adults as being a outc Leer más Acerca deUK Bookmakers Threatened with Mandatory New Levy