• BHA announced tough initiative against off-shore companies on 20 October
• Only Betfair,Bet365 and 32Red bear agreed to pay upThe British Horseracing Authority admitted on Tuesday that it has reduced the scope of its new authorised betting partner (ABP) initiative, which was launched in October to target offshore betting firms that make no direct contribution to the sport from their racing profits. As a result, or businesses which are “affiliated” to online betting firms will be allowed to preserve high-profile racing sponsorships at leading tracks including Cheltenham,even whether they actively steer punters towards non-ABP bookmakers.
The BHA unveiled its diagram to award ABP status to betting firms that bear agreed a unbiased and mutually sustainable funding relationship with the sport” on 20 October. So far only three Betfair, Bet365 and 32Red.com bear agreed to pay a percentage of their gross profits on offshore UK racing trade back to racing.
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Source: theguardian.com