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 regarding the sport’s central funding system.

UK recreations minister Tracey Crouch believes the brand new levy will make sure gambling reforms pay a fair return to support horse racing, but the bookies argue they currently 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 doing existence since 1961, just betting firms based in the united kingdom had been required to contribute to funding, but now the levy will affect all companies that offer wagers on British racing, including including on- and off-course bookmakers, betting exchanges and spread betting organizations.

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 assist secure the future of horse racing in Britain by making certain download lucky 88 slot game that gambling organizations pay a return that is fair support the game,’ said sports minister Tracey Crouch, whose department is behind the reforms.

‘Horse racing has a strong history in this country, employing thousands of people and it is enjoyed by many almost every time of the year. This approach that is new the Horserace Betting Levy will help sustain and develop the sport.’

Long-lasting Certainty

The horse industry that is racing this new levy will help develop a stable long-term funding procedure for the activity. BHA chief executive Nick Rust said that it will allow racing to secure ‘a fair return’ from gambling organizations.

The brand new deal will improve prize money and provide extra money for sets from rushing integrity to equine welfare and science that is veterinary.

‘We anticipate working closely with bookmakers to construct 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 race and gambling as it creates a level playing field, removes the need for annual negotiations on the price and provides long-term certainty for both events.’

Dissenting Voices

But the gambling industry, which lobbied for the lower levy, says it already contributes handsomely towards the racing industry through sponsorship discounts.

Additionally it is resents the old Levy Board, on which it had representation, will be replaced by a new racing payment, on which it currently has none.

‘As one of many major contributors towards the levy we would hope that multichannel representation that is betting form part of any new distribution human body,’ said William Hill’s Ciaran O’Brien.

‘It certainly makes sense for both industries to have 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, Full Approval Imminent

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

On Friday, Cyprus’ Tourism Minister Giorgos Lakkotrypis announced the evaluation process was complete, and, pending ratification by the country’s cabinet, work will quickly begin on the construction of a $550 million ‘Euro Casino’ resort within the town of Limassol.

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

It will be the republic’s very first, yet not the area’s. Since Turkey invaded the north in 1974, Cyprus has been split into 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 within the north, and also within the buffer zone itself, 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 lots of smaller satellite gambling enterprises. Being a major European tourist hub, competition was fierce, plus the tender process curiously secretive.

As 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 additionally in the running.

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

It hopes to open a casino that is temporary Limassol in October 2017, while the work starts on the Euro Casino resort, which can be scheduled to open in 2020. The finished Euro Casino will boast 500 luxury resort rooms and at least 100 video gaming tables and 1,000 slots.

Network of Gaming Venues to Follow

The consortium claims which should the short-term casino in Limassol prove successful, it’s going to consider opening 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 travel and tourism exhibition, Taxidi 2017, as he discussed planned improvements to your nation’s tourism and travel sector.

A record quantity of visitors are anticipated this summer and he admitted investment in infrastructure was required to avoid a number 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 steadily to enrich our experience, for example by promoting assets in major tasks such as golf courses, marinas therefore the integrated casino resort.’

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

The Elvis memorabilia that has been section of an exhibit at the Westgate Las Vegas Resort is not being returned 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 inspite of the exhibit’s closure greater than a 12 months ago. (Image: Westgate Las Vegas)

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

The 28,000-square-foot display offered visitors the opportunity to view 350 bits of Elvis memorabilia, the collection that is largest outside of Graceland. The artifacts included stage outfits, jewelry, letters, guitars, and other relics that were loaned to the casino from their estate in Tennessee.

However with the exhibit 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 invested over $9 million in planning the room for the spectacle, subsequently closed the attraction and locked the memorabilia as ransom.

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

While public address announcers usually had to inform fans dreaming about an encore that ‘Elvis has left the building,’ his memorabilia isn’t quite therefore quick to make an exit.

Do Not ‘Return to Sender’

After admission numbers didn’t meet expectations, with both edges citing poor marketing and promotional efforts since the main reason, the Elvis’ estate wished to cancel the exhibit and bring the relics back to Tennessee.

The arrangement between the Westgate and Elvis Presley Enterprises switched bitter when the resort effectively petitioned Las Las vegas into renaming Riviera Boulevard to Elvis Presley Way. 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 this past year.

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

Last springtime, a judge stated Elvis Presley Enterprises could post a $9 million relationship to recover its items. Rather, the estate and Westgate chose to take the case to arbitration. A mediator is expected to issue a resolution in the days that are coming.

Viva Elvis Presley

Following a hiatus that is seven-year performing reside in favor of making Hollywood films, most of which had been decried by critics, one exception being ‘Viva vegas,’ Elvis Presley returned to Nevada for the 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 relax and play hundreds of concerts at the International, and was scheduled to go back in 1978 before their untimely death.

Aside from 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 is his estate paying Westgate for those items in exchange for the termination of this rent agreement.

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

Niagara Fallsview Casino Theatre Proposal Would Block Views of Falls

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

The Niagara Fallsview Casino complex within the distance might quickly hoist a brand new theater adjacent to its tower, and that has hotels behind the resort upset over sight lines to the falls. (Image: Niagara Fallsview Casino)

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

Though Niagara Fallsview has one tall tower, all of those other complex is relatively short in stature, at only a few floors high. That’s to permit the numerous resort hotels behind 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 skill, and OLG is readying to create a 5,000-seat room. Three locations are now 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 rooms with views of the falls may have a financial effect on hotel revenue, and maybe value and assessment which has a direct impact on the municipal tax base.’

OLG Exempt From Rules

The waterfront area of Niagara Falls is afflicted by development rules that stipulate how high buildings are built in certain specific areas. Whenever resorts behind the casino complex had been erected, they were built because of the understanding that their views would remain unimpeded.

However the OLG, a government entity associated with the Ontario province, isn’t subject to neighborhood zoning rules. OLG did, nevertheless, enter into a Development Agreement with Niagara Falls ‘in principle,’ and agreed not to build greater than certain heights.

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

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

The gaming regulator is anticipated to make its decision on the winning proposal next month.

Casinos Bet on Entertainment

Casino resorts across america and North America are targeting millennials by reserving hipper concert functions. That’s generated a need for bigger entertainment spaces, and video gaming operators are betting big on brand new facilities.

As well as Fallsview, the OLG furthermore owns Casino Niagara just a mile north. Casino Niagara is a mature resort that dates 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.