Battle between horseracing industry and sportsbooks in UK heats up

British horseracing industry proposed to impose “betting right” on bookmakers. British sportsbooks expressed their view on the matter.

UK sports betting companies are strongly against introduction of horseracing “betting right”, which was proposed by the horseracing industry last week. Dirk Vennix, CEO of the Association of British Bookmakers commented on the proposed scheme: “bookmakers would be forced to pay upfront for a licensed betting right, which, once granted to horseracing, could allow them to unilaterally set the value and terms of the right.”

Bookmakers believe that in case the “betting right” is imposed, it will inevitably lead to massive job cuts in the sports betting industry.

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