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Offshore Bookmaker Voluntarily Pays Levy

Published: October 14, 2009 10:16 am ET

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According to a report on gamingintelligence.com, Sportingbet PLC, an online gaming and wagering operator, has stated that in 2010 it will voluntarily make a payment to the Levy Board, even though it is not required to.

The article states that the voluntary payment -- made to support the racing industry -- would be valued at 10% of its gross profit from British racing from British and European customers. The payment rate is reported to be in line with the amount that legal, onshore bookmakers are required to make in the United Kingdom.

"An important part of our UK revenue is derived from British horseracing," Andrew McIver, Sportingbet PLC's group chief executive, was quoted as saying.

"We have recently set ourselves the goal of increasing this revenue stream and have stepped up our sponsorship activity in British racing. We do all we can to assist the industries our customers bet on and we're delighted to demonstrate our support of the British racing industry by committing to a voluntary payment of the Levy.”

Click here to the read the gamingintelligence.com article in its entirety.

(With files from gamingintelligence.com)


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