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British Bookmakers Sign Historic Deal18 April 2002UNITED KINGDOM –As reported by the Thoroughbred Times: "Britain's leading bookmakers have signed a five-year deal that could be worth $863,760,000 to the racing industry for use of the British Horseracing Board's commercial `runners and riders' data in their high street betting shops. "The `Big Three' British off-course betting shop chains of William Hill, Ladbrokes and Coral, which make up over half of Britain's 7,000 betting shops, and two other major multi-chain bookmakers, Stanleys and Dones, will now pay racing 10% of their gross profits from horse-race betting starting on May 1. "…Bookmakers had previously sought to challenge with the Office of Fair Trading the British Horseracing Board's right to sell data as a replacement for the levy mechanism of funding that the government agreed to abolish. Those who have agreed to the new deal have dropped those challenges and other bookmakers yet to sign up will be lobbied to accept the terms negotiated by the betting industry's major operations…" |