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Betfair praised for £6m voluntary levy donation

15th June 2011 8:25 am GMT

Online betting exchange Betfair is continuing its support of British horseracing with a £6m voluntary donation to the sport, a sum equal to the fees it would have been required to pay under the Levy Scheme had it not moved its operations offshore to Gibraltar.

The company highlighted the fact that it is the first major operator not under a UK licence to commit a sum equal to statutory levy requirements.

Earlier this year the company confirmed [...]

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