HBLB

During a time when racing's finances are under increasing pressure, there was some good news in Britain on Friday from the Levy Board with the prediction that the Levy income for the year which ended March 31, 2020, will be in the region of £97m. That figure, which is up on the previous forecast of £90m to £95m, is derived from provisional submissions to date from the majority of Levy-paying bookmakers. "It is very welcome that Levy yield for the past year looks like being in line with if not...

The Horserace Betting Levy Board (HBLB) and the Racing Foundation have announced an immediate £22 million hardship funding package to support the British racing industry during the COVID-19 pandemic. The two organisations have combined with other racing bodies to identify the areas within the sport most in need of emergency support. The HBLB is primarily involved with supporting racecourses currently hit by the suspension of racing and a cash sum of £13.5m is being made available in that area, while £8 million has been released for racing's participants, including for...