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BGC chief executive criticises UK racing tax exemption as cosmetic

Regulation

BGC chief executive Grainne Hurst said the UK budget’s exemption for horse racing from the higher General Betting Duty was only cosmetic. She argued that the increase in Remote Gaming Duty from 21% to 40% could affect racing because betting operators fund sponsorships, media rights and the Horserace Betting Levy.

The tax changes could affect betting-funded sponsorship, media rights and levy income on which racing depends.

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Regulation

BGC criticises UK Gambling Commission’s financial risk assessment plans

The Betting and Gaming Council criticised the UK Gambling Commission’s planned financial risk assessments for higher-spending customers. Chief executive Grainne Hurst said questions remain about data reliability, consumer effects and how the checks will work, and argued that the Commission has not published a full evaluation of its pilot. The Commission has announced working groups to support implementation, according to the report.

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