Betfair threat to withdraw £1.3m voluntary levy
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Does anyone know any more about this story cant seem to find anything bar the headline on the Racing Post?
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
They don't half change their tune quickly, a few months back they were 'showing off' about the fact they made the payment now it seems they will only pay it if they get their own way:
We also paid more than 90% of the £1.35m which has been reported as “voluntary levy from offshore operators”. This payment was paid at the full levy rate – 10% of gross profits.
Betfair appears to be the only major betting operator making a voluntary payment from its offshore business – i.e. the revenue raised from customers betting on British racing from outside the UK –although this is mentioned nowhere in the Levy Board’s report.
Betfair would like to thank its customers for their continued support which enables us to make significant contributions to British racing.
Seems like they are only happy making a 'significant' contribution if no one upsets the apple cart!
Not a clue what the argument is about as I can't find anything about it but glad to see what goes around comes around
We also paid more than 90% of the £1.35m which has been reported as “voluntary levy from offshore operators”. This payment was paid at the full levy rate – 10% of gross profits.
Betfair appears to be the only major betting operator making a voluntary payment from its offshore business – i.e. the revenue raised from customers betting on British racing from outside the UK –although this is mentioned nowhere in the Levy Board’s report.
Betfair would like to thank its customers for their continued support which enables us to make significant contributions to British racing.
Seems like they are only happy making a 'significant' contribution if no one upsets the apple cart!
Not a clue what the argument is about as I can't find anything about it but glad to see what goes around comes around
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
The Soup we had for starter at the dinner was to die for 