following the Horserace
Betting Levy Board Code of Practice
The Horserace
Betting Levy Board [HBLB] will cover laboratory costs for testing for equine influenza at the Animal Health Trust, if submitted under the HBLB scheme."
"Great credit and a thanks must go to the new sponsors 32Red, the Horserace
Betting Levy Board (HBLB) and Jockey Club Racecourses for their financial support and ITV Racing for agreeing to incorporate the race to their schedule."
"We'd like to thank the British Horseracing Authority, Horserace
Betting Levy Board, Channel 4 and our sponsors Coral for facilitating the change in date."
The meeting was to take place on March 27 but has been lost after the Horserace
Betting Levy Board withdrew support because the Lothian venue failed to enter last month's bidding process.
The principal races are a pair of Novices' Limited Handicap Chases, supported by the Horserace
Betting Levy Board - the Buy Your 2014 Annual Badge Today Novices' Limited Handicap Chase over the extended three miles and one furlong, offering prize money of PS15,000, and The Catterick Interactive Novices' Limited Handicap Chase, a PS10,000 contest over two miles and three furlongs.
"The Trust is growing and although our membership is modest at present, we are close to the 200 mark when we will then call an EGM to elect a board," said Hughes, who for 11 years was chairman of the Horserace
Betting Levy Board.
Despite a budgeted 18% reduction in funds from the Horserace
Betting Levy Board to the racecourse, this amount is only 1.36% less than the 2010 total (pounds 2,575,000) as a result of Aintree increasing its own investment in prize money to make up the bulk of the shortfall.
The Horserace
Betting Levy Board (HBLB) collects ten per cent of bookmakers' profits on British horseracing, pumping around 90 per cent of the levy back into the sport.
He is one of dozens earning more than pounds 200,000, including the heads of bodies such as the Medical Research Council, the Civil Aviation Authority, the Horserace
Betting Levy Board and the Child Maintenance and Enforcement Commission.
Under this Act, bookmakers were obliged to pay a levy ("the Levy") on their off-course horseracing turnover to the Horseracing
Betting Levy Board ("the Levy Board") which in turn assumed many of the funding responsibilities of the RBCB.
RACING'S prize-money crisis deepened yesterday when the Horserace
Betting Levy Board announced further cuts of pounds 3.75million for the remainder of 2010.
