UK Horse Racing Levy Reforms Clear Final Hurdle

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UK Horse Racing Levy Reforms Clear Final Hurdle

Uk horse race has received a boost through the European Commission, which on Friday gave full approval on the UK government’s reforms of the sport’s central funding system.

UK sports minister Tracey Crouch thinks the levy that is new ensure gambling reforms pay a fair return to support horse race, but the bookies argue they currently support it through sponsorship deals.

Under the brand new system, all bookmakers is going to be needed to pay for a ten percent levy on all gross profits produced by betting on British horse racing above a $500,000 ($640,000) threshold.

Underneath the previous system, which has been in existence since 1961, only betting businesses based in britain were required to contribute to funding, however now the levy will affect all companies that offer bets on British racing, including including on- and off-course bookmakers, betting exchanges and spread betting companies.

The majority that is vast of websites, also those owned by Uk household-name brands like Ladbrokes and William Hill, are based offshore.

‘This move will help secure the future of horse racing in Britain by making sure 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 includes a strong history in this country, using a large number of people and it is enjoyed by many almost every day of the season. This approach that is new the Horserace Betting Levy will help sustain and develop the activity.’

Long-term Certainty

The horse industry that is racing the newest levy will help produce a stable long-term funding process for the game. BHA leader Nick Rust stated that it shall allow racing to secure ‘a reasonable return’ from wagering companies.

This new deal will boost prize money and provide extra capital for anything from rushing integrity to equine welfare and veterinary science.

‘We look forward to working closely with bookmakers to construct a future that is exciting both our industries,’ Rust said.

‘ The new levy has the potential to place an end to unnecessary divisions between racing and gambling as it makes a level playing field, removes the necessity for annual negotiations on the rate and provides long-term certainty for both events.’

Dissenting Voices

But the industry that is betting which lobbied for the lower levy, says it already contributes handsomely to your racing industry through sponsorship discounts.

It is also resents the old Levy Board, on which it had representation, will be replaced by a new race 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 component of any new distribution body,’ stated William Hill’s Ciaran O’Brien.

‘It clearly makes sense for both industries to have input into how a funds are invested, otherwise an increase is represented by this move in taxation alongside a removal of representation.’

Melco-Hard Rock’s Cyprus Casino Awaits Lift Off, Complete Approval Imminent

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

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

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

It will be the republic’s first, but not the island’s. Since Turkey invaded the north in 1974, Cyprus has been divided in to 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, as well as 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, creating one permit to operate a single casino resort and a number of smaller satellite gambling enterprises. As being a major tourist that is european, competition was fierce, and also the tender process curiously secretive.

While the Cypriot government kept the names of bidders under wraps, it’s believed that, along with Hard Rock and Melco, the likes of Nagacorp, Boomberry, Genting, Caesars and Sun International were also in the running.

The consortium has said it expects to secure a 30-year licensing agreement that enables it to use 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 job starts on the Euro Casino resort, that is scheduled to open in 2020. The completed Euro Casino will boast 500 luxury resort rooms and also at least 100 video gaming tables and 1,000 slots.

Network of Gaming Venues to follow along with

The consortium says which should the casino that is temporary Limassol prove successful, it’ll 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 statement throughout the island’s travel and tourism exhibition, Taxidi 2017, as he discussed prepared improvements to the nation’s tourism and travel sector.

A record number of site visitors are anticipated this summer and he admitted investment in infrastructure was needed to avoid a number of the airport delays witnessed final year.

‘ Our goal that is ultimate 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 opportunities in major projects such as golf courses, marinas therefore the integrated casino resort.’

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

The Elvis memorabilia that was section of an exhibit at the Westgate Las Vegas Resort is not being came back 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 regardless of the exhibit’s closure more 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 performances by the legend. The exhibit opened in of 2015, and closed the following February april.

The 28,000-square-foot display offered visitors the chance to view 350 items of Elvis memorabilia, the biggest collection outside of Graceland. The items included stage outfits, jewelry, letters, guitars, along with other relics that were loaned to the casino from his estate in Tennessee.

However with the display poorly attended, Elvis Presley Enterprises threatened to abandon its 10-year lease agreement less than the usual year after opening. Westgate, which claimed to own invested over $9 million in preparing the room for the spectacle, subsequently closed the attraction and locked the memorabilia as ransom.

Despite case filed in March of 2016 that desired for the items to be returned, the Westgate has maintained their possession. ‘Everything is safe,’ Westgate COO Mark Waltrip said after ‘Graceland Presents’ closed.

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

Do Not ‘Get Back to Sender’

After admission numbers failed to meet expectations, with both sides citing bad advertising and promotional efforts once the main reason, the Elvis’ estate desired 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 Las that is successfully petitioned Vegas renaming Riviera Boulevard to Elvis Presley Method. 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 last year.

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

Final springtime, a judge said Elvis Presley Enterprises could post a $9 million bond to recover its items. Instead, the estate and Westgate made a decision to take the case to arbitration. A mediator is expected to issue a resolution into the days that are coming.

Viva Elvis Presley

After a hiatus that is seven-year performing live in favor of making Hollywood films, most of which had been decried by experts, one exclusion being ‘Viva Las Vegas,’ Elvis Presley returned to Nevada for a 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 30th floor. He would go on to relax and play a huge selection 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 will be his estate paying Westgate for the things in exchange for the termination of the rent agreement.

Graceland, Elvis’ mansion in Memphis, is the second-most home that is visited America behind just the White House.

Niagara Fallsview Casino Theatre Proposal Would Block Views of Falls

The Niagara Fallsview Casino Resort puts slots and dining table games simply actions 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 in the distance might quickly hoist a new theatre adjacent to its tower, and which includes 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 Canadian side. The $1 billion complex, opened in 2004, is one of the most prominent features of the Horseshoe Falls skyline.

The rest of the complex is relatively short in stature, at only a few floors high though Niagara Fallsview has one tall tower. That’s to allow the numerous resorts 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 talent, and OLG is readying to build a space that is 5,000-seat. Three locations are being considered, one being together with the bus terminal that serves the Niagara Fallsview complex.

Niagara Falls officials including Mayor Jim Diodati are opposing the bus terminal location. The city claims ‘the loss of rooms with views regarding the falls could have a monetary affect hotel income, and maybe value and evaluation which has a visible impact regarding the municipal taxation base. in a report’

OLG Exempt From Rules

The waterfront area of Niagara Falls is afflicted by development rules that stipulate how high buildings can be constructed in certain specific areas. If the resort hotels behind the casino complex had been erected, they certainly were built because of the understanding that their views would remain unimpeded.

Nevertheless the OLG, a government entity for the Ontario province, is not subject to neighborhood zoning guidelines. OLG did, however, enter into a Development Agreement with Niagara Falls ‘in principle,’ and agreed never to build greater than certain heights.

‘Tourism invested vast lucky 88 slot machine in las vegas sums of dollars predicated on an understanding of . . . where the sight lines were going to be,’ Diodati told the Niagara Falls Review. ‘ They took a complete lot of risk in good faith.’

Two privately owned land parcels will also be being considered by the OLG for the theatre. All three bids are being privately funded in exchange for the right to work the music and concert facility.

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

Gambling enterprises Bet on Entertainment

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

The OLG additionally owns Casino Niagara just a mile north in addition to Fallsview. Casino Niagara is a mature resort that goes 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. 

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