William Hill, Betfair and the Horeserace Betting Levy

UK gambling newsUpdates concerning the debacle and the judicial review that is between William Hill Ltd. and Betfair concerning the Horserace Betting Levy Board. A High Court in Britain has ruled in favor of Betfair.

This problem started as a result of a proposal that was adopted by the Levy Board last year that stated that the clients and punters of the different wagering exchanges are not obligated to pay money to the Horserace Betting Levy. This proposal was contested by William Hill and caused a judicial review. Betfair’s position in this case was on the side of the Horserace Levy Board as it has clearly announced its support to the position of the Levy.

Commenting in the ruling of the high court, the chief legal of Betfair, Martin Cruddace has stated that the company welcomes the ruling of the court which was in the favor of Betfair. He also said that following such ruling, no one can talk about obligating the clients of Betfair to pay any funds while wagering to the Levy or the clients of any other wagering exchange operator.

He also started to talk about the parody of William Hill’s position because William Hill doesn’t pay any funds to the Levy despite making millions of pounds each year from British Racing.

Instead of paying money to the Levy, it takes legal actions to force other betting exchanges to make their customers pay to the Levy which is pretty weird.

More News About William Hill

There is no official announcement or statement but all of the facts indicate that the London based gambling group, William Hill Plc has disengaged all of its relation with the German market in terms of sport gambling services. The company has stopped offering all of its wagering services in the gambling market of Germany starting from the 20t of July of this year. This news came as a result of many German sports gamblers who claimed that they have been cut off from all gambling services from William Hill.

It seems that only the sport related services has been stopped as the rest of the gambling services are still available such as casino games. William Hill is not the only gambling operator to disengage from the German market as many online gambling operators have done the same due to the recent laws and agreements carried out by the German states. These departing operators include betoto, 188bet and the Irish based Paddy Power. Still the situation of William Hill is not 100% clear as there has been no official announcement or statement by the company to clarify the situation.

Experts assume that such departure might be motivated by one of two reasons. It can be due to legal uncertainness in the market of Germany and the second reason is that William Hill might be trying to impress the regulators of Nevada to show that the group abides by the law in the regulated markets.

July 31, 2012 by : posted in Gambling and Legality No Comments