Levy

The Horserace Betting Levy Board (HBLB) published its 2023/24 Annual Report & Accounts on Tuesday. They revealed that the HBLB's statutory Levy income to the year ended Sunday, March 31 was £105m, the highest since the reforms of 2017 which added to the scope of the Levy non-retail bets placed in Great Britain with betting operators based overseas. This £105m surpassed the £100m in 2022/23 and was achieved against a backdrop of a further fall in betting turnover (amount staked) which, as in 2022/23, was mitigated by improved margins and...

Approximately £80 million will be the Levy income for the year that ended on Mar. 31, 2021, the Horserace Betting Levy Board announced on Monday. The figure is a result of provisional submissions to date from most Levy-paying bookmakers. Originally, as the COVID-19 pandemic progressed in the UK, the HBLB had estimated a Levy return between £76-£85 million. Racing in the UK was halted from mid-March until June 1, 2020. HBLB Chairman Paul Darling commented, "There was no British racing for the first two months of the Levy year and...

Levy has been selected as the food-and-beverage provider at Belmont Park and Saratoga Race Course by The New York Racing Association Inc. Levy will begin servicing Belmont with the opening of the spring meet Apr. 24, as part of a multi-year agreement. Following the conclusion of the spring meet July 12, live racing shifts to Saratoga Race Course July 16, and Levy will manage all concessions and hospitality areas, including the 1863 Club, The Stretch, Turf Terrace, Club Terrace, The Porch and Easy Goer. Levy will manage a hospitality team...