UK Bookmakers Threatened with Mandatory New Levy

UK Bookmakers Threatened with Mandatory New Levy

UK Shadow heritage Secretary Harriet Harman, who a week ago outlined her plans for an extra levy on all types of recreations betting, online and off. (Image:

The currency markets had reacted badly to news that the UK Labour Party is planning a levy that is multimillion-pound all sports betting, online and off, should it be elected in 2015. Ladbrokes plc dropped 3.16 percent, while William Hill plc fell 2.88 percent immediately following the announcement by Labour’s Shadow society Secretary Harriet Harman week that is last. The levy shall be much like that currently applied to horseracing betting, the revenue from which, some £82 million ($139.314 million) in 2014, is ploughed back into the horseracing industry.

More Cash, More Sports

The scheme that is new section of Labour’s ‘More Sport for All’ incentive, that will understand extra revenue raised from sports gambling going primarily to the growth of grassroots activities, with some going to the remedy for problem gambling. Harman also said she is considering the introduction of a ‘proper levy’ on revenue derived by the Premier League from the sale of soccer television liberties, which will likely be spent on developing grassroots football.

‘we had been all proud to host the Olympics and Paralympic Games in London two years ago but alternatively of seeing increased participation, things have got worse especially amongst young people as a outcome of the Continue reading “UK Bookmakers Threatened with Mandatory New Levy”

Schenectady Endorses Casino Proposal in New York State

Schenectady Endorses Casino Proposal in New York State

The town of Schenectady, New York has approved a casino proposition in the Mohawk River. (Image: John Carl D’Annibale, Times Union)

There’s still a long way to go before anyone develops a brand new York casino, and there are numerous competitors still seeking to grab one of four upstate licenses. But one project has earned a major approval that will move it at least one space further down the long way to success.

David Buicko therefore the Galesi Group obtained an endorsement from the Schenectady City Council for their proposed casino as a right part of the Mohawk Harbor task. That local approval that is governmental required for the developer become considered for the license from their state.

Casino Only Role of Development Plan

The Galesi-backed project wouldn’t be just a casino, but an entire redevelopment of the mile-long stretch of land along the Mohawk River. That area was once home to factories owned by American Locomotive, and would be developed to consist of residential and retail areas, along with a harbor that is new.

But there’s also a casino within the plan. Buicko has partnered with Chicago firm Rush Street Gaming to incorporate a gambling hall to their proposal, and hopes that the general development package allows them to make a casino license.

‘we are talking about a $450 million investment in the populous city of Schenectady,’ said councilman John Mootooveren. ‘ We need to take the potential ri Continue reading “Schenectady Endorses Casino Proposal in New York State”