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Levy Board and Betfair go head-to-head over contributions

7th July 2010 9:01 am GMT

Britain's Horse Race Levy Board has launched a consultation into whether certain users of betting exchanges should be liable to make Levy contributions, a move described as 'very surprising' by leading betting exchange Betfair, which last year voluntarily contributed £7.5m to the Levy Board. The company responded by stating that it will be redirecting over £1m away from the Levy Board and directly into British racing in order to 'deliver real benefits to the sport'.

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