Bookmakers 'exploiting loopholes' according to Gillespie

Bookmakers 'exploiting loopholes' according to Gillespie

Friday, March 9, 2012 Totally Gaming

Edward Gillespie, Managing Director of Cheltenham racecourse, has accused bookmakers of 'exploiting loopholes' by moving their online operations oversees so as not to pay a levy to the racing industry. Speaking to the BBC's Today programme ahead of next week's racing festival, Gillespie also said that the gambling industry was recession proof, and that levels of gambling are increasing with more people betting on racing.

He added that currently, owing to the economic climate, Cheltenham avoids going for one major sponsor, instead receiving funds worth £2m from sponsors like Guinness and Christy's.

Latest

Scientific Games closes in on NYX acquisition after double seal of approval

The impact of non-qualification for Italian operators

No alternative text provided

GVC takes lead in ambitious Ladbrokes Coral takeover bid

British Racing first with in-race data at Wolverhampton

Gaming Products & Services Directory

The essential directory for the gaming industry