UK Horse Racing Levy Reforms Clear Final Hurdle

UK Horse Racing Levy Reforms Clear Final Hurdle

Uk horse racing has gotten a boost from the European Commission, which on Friday gave approval that is full the UK government’s reforms associated with the sport’s main funding system.

UK sports minister Tracey Crouch thinks the levy that is new ensure gambling reforms pay a fair return to guide horse race, but the bookies argue they already help it through sponsorship deals.

All bookmakers will be required to pay a ten percent levy on all gross profits derived from betting on British horse racing above a $500,000 ($640,000) threshold under the new system.

Underneath the previous system, which has been in existence since 1961, just betting organizations based in britain were required to contribute to funding, however now the levy will affect all companies that offer bets on British racing, including including on- and off-course bookmakers, betting exchanges and spread betting lucky 88 slot free play companies.

The majority that is vast of websites, also those owned by British household-name brands like Ladbrokes and William Hill, are based overseas.

‘This move will help secure the future of horse racing in Britain by making certain that gambling organizations pay a fair go back to support the activity,’ said sports minister Tracey Crouch, whose division is behind the reforms.

‘Horse racing possesses heritage that is strong this country, employing tens of thousands of people and it is enjoyed by many virtually every time of the entire year. This new method of the Horserace Betting Levy helps sustain and develop the activity.’

Long-term Certainty

The horse industry that is racing the brand new levy will assist develop a stable long-term funding process for the activity. BHA leader Nick Rust stated that it shall allow racing to secure ‘a reasonable return’ from wagering companies.

The new deal will boost reward money and offer extra funding for anything from racing integrity to equine welfare and science that is veterinary.

‘We anticipate working closely with bookmakers to create a future that is exciting both our industries,’ Rust said.

‘ The brand new levy has the potential to put an end to unnecessary divisions between racing and betting as it makes a level playing field, removes the need for annual negotiations on the rate and provides long-term certainty for both parties.’

Dissenting Voices

But the industry that is betting which lobbied for a lower levy, says it already contributes handsomely to the racing industry through sponsorship discounts.

It’s also resents the old Levy Board, on which it had representation, will be replaced by a new racing commission, on which it currently has none.

‘As one of the major contributors to the levy we would hope that multichannel betting representation will form part of any new distribution body,’ stated William Hill’s Ciaran O’Brien.

‘It undoubtedly makes sense for both companies to have an input into the way the funds are invested, otherwise this move represents an increase in taxation alongside a removal of representation.’

Melco-Hard Rock’s Cyprus Casino Awaits Lift Off, Complete Approval Imminent

A Melco-Hard Rock consortium is set to bring casinos towards the Republic of Cyprus.

On Friday, Cyprus’ Tourism Minister Giorgos Lakkotrypis announced the assessment process ended up being complete, and, pending ratification by the nation’s cabinet, work will quickly begin on the construction of a $550 million ‘Euro Casino’ resort in the city of Limassol.

An artist’s rendering for the Republic of Cyprus’ first casino resort, an effort that is joint Melco International developing and Hard Rock Resorts, to be finished in 2020. (Image: Melco-Hard Rock)

It shall be the republic’s first, not the island’s. Since Turkey invaded the north in 1974, Cyprus has been divided in to north and south, ethnically and politically Turkish and Greek, respectively, separated by a United Nations buffer zone.

There are several dozen casinos and gaming halls into the north, and also within the buffer zone it self, but casino gaming is brand new territory for the south.

Secret Bidding Process

The republic enacted a bill to legalize casino video gaming in 2015, producing one permit to operate a casino that is single and a number of smaller satellite gambling enterprises. Being a major European tourist hub, competition was fierce, as well as the tender process curiously secretive.

Even though the Cypriot government kept the names of bidders under wraps, it’s believed that, along with Hard Rock and Melco, the loves of Nagacorp, Boomberry, Genting, Caesars and Sun International were also in the running.

The consortium has said it expects to secure a 30-year licensing agreement that will allow it to work a casino monopoly into the republic for the first 15 years.

It hopes to start a temporary casino in Limassol in October 2017, while the task starts regarding the Euro Casino resort, that is scheduled to start in 2020. The completed Euro Casino will boast 500 luxury hotel rooms as well as least 100 video gaming tables and 1,000 slots.

Network of Gaming Venues to follow along with

The consortium claims which should the casino that is temporary Limassol prove effective, it will consider starting a ‘network of gambling premises,’ including a casino in the divided capital city of Nicosia, supported by slot parlors in Paphos, Larnaca and Famagusta.

Lakkotrypis made the announcement through the island’s tourism and travel event, Taxidi 2017, as he discussed planned improvements to the nation’s tourism and travel sector.

A record quantity of site visitors are required this summer and he admitted investment in infrastructure was required to avoid some of the airport delays witnessed year that is last.

‘ Our ultimate objective, through well-thought-out, coordinated actions, is to enhance the quality and diversify our tourism product,’ he stated. ‘To this end, we continue to enrich our experience, for example by promoting opportunities in major jobs such as golf courses, marinas and the integrated casino resort.’

Elvis Memorabilia Retained by Westgate Las Vegas Despite Lawsuit From Icon’s Estate

The Elvis memorabilia which was section of an exhibit at the Westgate Las Vegas Resort isn’t being came back to the icon that is late estate in Memphis, Tennessee.

The former ‘Graceland Presents Elvis’ memorabilia inside the Westgate remains locked up in the resort despite the exhibit’s closure more than a 12 months ago. (Image: Westgate Las Vegas)

‘Graceland gifts Elvis’ was a short-lived attraction inside the former International Hotel, an off-strip resort that hosted a huge selection of performances by the legend. The exhibit opened in April of 2015, and closed the following February.

The 28,000-square-foot exhibit provided visitors the possiblity to view 350 pieces of Elvis memorabilia, the collection that is largest outside of Graceland. The items included stage outfits, jewelry, letters, guitars, along with other relics that were loaned to the casino from their estate in Tennessee.

However with the display defectively went to, Elvis Presley Enterprises threatened to abandon its 10-year rent agreement less compared to a year after opening. Westgate, which claimed to own spent over $9 million in preparing the area for the spectacle, subsequently closed the attraction and locked the memorabilia as ransom.

Despite a lawsuit filed in March of 2016 that tried for the items to be returned, the Westgate has maintained their possession. ‘Everything is safe,’ Westgate COO Mark Waltrip said after ‘Graceland Presents’ closed.

While public address announcers usually had to share with fans dreaming about an encore that ‘Elvis has left the building,’ his memorabilia isn’t quite so fast to help make an exit.

Do Not ‘Return to Sender’

After admission numbers did not meet expectations, with both edges citing poor marketing and promotional efforts because the main reason, the Elvis’ estate wanted to cancel the exhibit and bring the relics right back to Tennessee.

The arrangement between the Westgate and Elvis Presley Enterprises turned bitter when the resort Las that is successfully petitioned Vegas renaming Riviera Boulevard to Elvis Presley Method. The street connects Las Vegas Boulevard with Paradise Road where the Westgate sits east of the Strip. The famed Riv closed in 2015 and was demolished year that is last.

Elvis’ estate didn’t want their likeness on a street title, especially one which may aid the Westgate in attracting people to its resort.

Final spring, a judge said Elvis Presley Enterprises could publish a $9 million relationship to recover its items. Alternatively, the estate and Westgate decided to take the full case to arbitration. A mediator is expected to issue an answer in the coming days.

Viva Elvis Presley

After a seven-year hiatus from performing live in favor of making Hollywood films, most of which were decried by experts, one exclusion being ‘Viva Las vegas, nevada,’ Elvis Presley returned to Nevada for a residency at the newly opened International Hotel in July of 1969.

Built by the late Kirk Kerkorian, Elvis performed 58 consecutive sold out shows, and lived in the resort’s penthouse suite on the floor that is 30th. He would go on to try out hundreds of concerts at the International, and was scheduled to return in 1978 before their untimely death.

Besides the nearby namesake street, Elvis’ presence today during the Westgate is basically nonexistent. It appears the resort has interest that is little continuing to commemorate The King. The expected conclusion to the memorabilia situation are his estate paying Westgate for those items in trade for the termination for the lease agreement.

Graceland, Elvis’ mansion in Memphis, is the second-most visited home in America behind just the White House.

Niagara Fallsview Casino Theatre Proposal Would Block Views of Falls

The Niagara Fallsview Casino Resort puts slots and table games simply actions from probably the most famous falls in North America, but a proposed 5,000-seat theatre being considered by the Ontario Lottery and Gaming Commission (OLG) is being panned by city officials and neighboring hotels.

The Niagara Fallsview Casino complex into the distance might soon hoist a new theatre adjacent to its tower, and which includes hotels behind the resort upset over sight lines towards the falls. (Image: Niagara Fallsview Casino)

Owned by the OLG, the Niagara Fallsview Casino sits simply north of the iconic tourist location regarding the side that is canadian. The $1 billion complex, opened in 2004, is perhaps one of the most prominent features of the Horseshoe Falls skyline.

The rest of the complex is relatively short in stature, at only a few floors high though Niagara Fallsview has one tall tower. That’s to allow the hotels that are numerous the casino to also have views of the falls.

But Niagara Fallsview’s 1,500-seat theatre is no longer adequate to accommodate A-list talent, and OLG is readying to construct a space that is 5,000-seat. Three locations are increasingly being considered, one being on top of the bus terminal that acts the Niagara Fallsview complex.

Niagara Falls officials including Mayor Jim Diodati are opposing the bus terminal location. In a report, the town says ‘the loss of spaces with views of the falls may have a monetary effect on hotel revenue, and maybe value and assessment which includes a direct effect on the municipal tax base.’

OLG Exempt From Rules

The area that is waterfront of Falls is afflicted by development rules that stipulate how high buildings could be built in certain specified areas. Once the accommodations behind the casino complex were erected, they were built with all the understanding that their views would remain unimpeded.

Nevertheless the OLG, a government entity of the Ontario province, is not susceptible to zoning that is local. OLG did, however, enter into a Development Agreement with Niagara Falls ‘in principle,’ and agreed never to build higher than certain heights.

‘Tourism invested vast sums of dollars predicated on an understanding of . . . where the sight lines had been going to be,’ Diodati told the Niagara Falls Review. ‘ They took a large amount of risk in good faith.’

Two privately owned land parcels are also being considered by the OLG for the theatre. All three bids are now being privately funded in return for the right to work the music and concert facility.

The gaming regulator is expected to make its decision on the winning proposal the following month.

Casinos Bet on Entertainment

Casino resorts across the usa and North America are focusing on millennials by reserving hipper concert acts. That’s led to a need for bigger entertainment spaces, and gaming operators are wagering big on brand new facilities.

The OLG additionally owns Casino Niagara just a mile north in addition to Fallsview. Casino Niagara is a mature resort that goes back to 1996, and doesn’t feature concert space. But directly across the Niagara River on the US side, the Seneca Niagara Resort & Casino, owned by the Seneca Nation of Indians, features a 2,400-seat events center and more intimate theater that is 440-seat. 

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