British horseracing authority authorised betting partner

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Currently 32Red, bet and Betfair are deemed Authorised Betting Partners given they pay the Levy voluntarily on their digital businesses, or in the case of Betfair have a commercial funding deal in place which sees them pay an equivalent sum. Future commitments that meet the required criteria will result in these major betting firms becoming Authorised Betting Partners.

But we are underfunded and loopholes in the Horserace Betting Levy system, allowing the majority of betting operators to make no contribution from profits made on British Racing through their digital businesses, continue to play a large part in that. The concept of British Racing working in a sustainable manner with betting operators is an important one. Every stakeholder in the sport must understand and take on their responsibly for the creation of the right structure to support the funding of our sport.

However, it is right that the relationship is based on a fair contribution being made by all betting operators, wherever they are based, towards the existing Levy or any future funding model. The initiative being shown by ARC and Jockey Club Racecourses is entirely consistent with these principles and has our support.

Indeed, we see it as essential as we await the forthcoming Horserace Betting Right. While horsemen are free to compete in races of their choosing, we will ensure they are aware of sponsorship of races by non-Levy paying betting operators in order that they can factor this into their decision-making.

We understand that our own long term growth and success can only be guaranteed if the whole of British Racing grows and succeeds. This is a substantial undertaking involving significant short term consequences but it is a necessary one if we are to ensure the sport has a sound basis on which to move forward in the years ahead. Between now and the end of this year we will be working with betting firms to agree both the criteria and benefits for becoming Authorised Betting Partners.

These include the ability to negotiate sponsorship or commercial marketing rights, access to discussions with racing regarding fixture criteria, preferential pricing structures with media rights holders and access to WiFi services. The company also supports racing via its hugely popular Betway Insider blog which features the exclusive thoughts and analysis from leading jockeys Richard Johnson, Davy Russell and Silvestre De Sousa. They are one of the fastest growing betting companies within the British market and already sponsor a number of major races.

About the Betway Group The Betway Group is a leading provider of first-class entertainment across sports betting, casino, bingo and poker. Launched in , the company operates across a number of regulated online markets and holds licences in the UK, Malta, Italy, Denmark, Spain, Belgium, Germany and Ireland.

Betway prides itself on providing its customers with a bespoke, fun and informed betting experience, supported by a safe and secure environment.