LONDON (Reuters) - Gambling companies will pay some 73 million pounds to fund British horse racing next year after agreeing to maintain the terms of an annual levy now seen as outdated and needing reform.
The levy was established more than 50 years ago and was designed to ensure that bookmakers helped to support the sport and reward horse owners with adequate prize money.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!