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UK Horse Racing Levy Reforms Clear Final Hurdle



British horse race has received a lift through the European Commission, which on Friday gave full approval on the UK government’s reforms regarding the sport’s main funding system.

UK sports minister Tracey Crouch thinks the levy that is new make sure gambling reforms pay a fair return to aid horse racing, but the bookies argue they already help it through sponsorship deals.

All bookmakers will be required to pay a ten percent levy on all gross profits derived from betting on British horse racing above a $500,000 ($640,000) threshold under the new system.

Beneath the previous system, which has been around existence since 1961, just betting organizations based in the united kingdom were required to contribute to funding, nevertheless 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 vast majority of betting websites, even those owned by British household-name brands like Ladbrokes and William Hill, are based overseas.

‘This move will help secure the future of horse racing in Britain by making sure that gambling firms pay a return that is fair support the activity,’ said sports minister Tracey Crouch, whose division is behind the reforms.

‘Horse racing features a heritage that is strong this country, employing a large number of people and 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 racing industry believes the newest levy will help produce a stable long-term funding procedure for the sport. BHA chief executive Nick Rust stated that it will allow racing to secure ‘a fair return’ from gambling organizations.

This new deal will boost prize money and offer extra funding for sets from rushing integrity to equine welfare and science that is how to play lucky 88 slot machine veterinary.

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

‘ The new levy has the potential to put an end to unnecessary divisions between racing and betting as it generates a level playing field, removes the need 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 deals.

It’s also resents the old Levy Board, on which it had representation, will be replaced by a new racing commission, on which it currently has none.

‘As one of many major contributors to your levy we would hope that multichannel representation that is betting form part of any new distribution human body,’ said William Hill’s Ciaran O’Brien.

‘It surely makes sense for both industries to have an input into how a funds are invested, otherwise this move represents an increase 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 the Republic of Cyprus.

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

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

It will be the republic’s first, although not the island’s. Since Turkey invaded the north in 1974, Cyprus has been split into 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 in the north, and also 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 gaming in 2015, creating one license to operate a casino that is single and a number of smaller satellite gambling enterprises. As a major European tourist hub, competition was fierce, as well as the tender process curiously secretive.

Whilst 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 certification agreement that enables it to operate a casino monopoly into the republic for the first 15 years.

It hopes to start a casino that is temporary Limassol in October 2017, while the job starts regarding the Euro Casino resort, that is scheduled to open in 2020. The finished Euro Casino will boast 500 luxury hotel rooms as well as least 100 video gaming tables and 1,000 slots.

System of Gaming Venues to adhere to

The consortium says that should the short-term casino in Limassol prove effective, it’s going to 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 through the island’s tourism and travel event, Taxidi 2017, as he discussed planned improvements to your nation’s tourism and travel sector.

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

‘ 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 assets in major jobs such as golf courses, marinas and the integrated casino resort.’

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

The Elvis memorabilia that was part of an exhibit at the Westgate Las Vegas Resort is not being returned to the late icon’s estate in Memphis, Tennessee.

The former ‘Graceland Presents Elvis’ memorabilia inside the Westgate remains locked up in the resort despite the exhibit’s closure more than a ago year. (Image: Westgate Las Vegas)

‘Graceland gifts Elvis’ was a short-lived attraction inside the former International Hotel, an off-strip resort that hosted hundreds 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 opportunity to view 350 pieces of Elvis memorabilia, the collection that is largest outside of Graceland. The artifacts included stage outfits, jewelry, letters, guitars, along with other relics that were loaned to the casino from his estate in Tennessee.

But with the display poorly went to, Elvis Presley Enterprises threatened to abandon its 10-year rent agreement less than a year after opening. Westgate, which claimed to have spent over $9 million in preparing the room for the spectacle, subsequently closed the attraction and locked the memorabilia as ransom.

Despite a lawsuit filed in March of 2016 that wanted 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 usually had to inform fans longing for an encore that ‘Elvis has left the building,’ his memorabilia isn’t quite so fast to make an exit.

Do Not ‘Return to Sender’

The Elvis’ estate wanted to cancel the exhibit and bring the relics back to Tennessee after admission numbers failed to meet expectations, with both sides citing poor marketing and promotional efforts as the primary reason.

The arrangement between the Westgate and Elvis Presley Enterprises turned bitter when the resort effectively petitioned Las Las vegas into 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 year that is last.

Elvis’ estate didn’t want his likeness on a road title, especially one which may aid the Westgate in attracting visitors to its resort.

Final spring, a judge said Elvis Presley Enterprises could post a $9 million relationship to recover its items. Alternatively, the estate and Westgate chose to take the full case to arbitration. A mediator is expected to issue an answer in the coming days.

Viva Elvis Presley

After a hiatus that is seven-year performing are now living in favor of making Hollywood films, most of which had been decried by critics, 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 floor that is 30th. He would go on to try out a huge selection of concerts at the International, and was scheduled to return in 1978 before his untimely death.

Besides the nearby namesake street, Elvis’ presence today during the Westgate is basically nonexistent. It appears the resort has interest that is little continuing to celebrate The King. The conclusion that is expected the memorabilia situation are going to be his estate paying Westgate for the items as a swap for the termination associated with 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 table games just actions from the most famous falls in North America, but a proposed 5,000-seat theatre being 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 soon hoist a theatre that is new to its tower, and which includes hotels behind the resort upset over sight lines to your falls. (Image: Niagara Fallsview Casino)

Owned by the OLG, the Niagara Fallsview Casino sits simply north of the iconic tourist location on the Canadian side. The $1 billion complex, opened in 2004, is perhaps 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 hotels behind the casino to also have views of the falls.

But Niagara Fallsview’s 1,500-seat theatre is no longer adequate to house A-list talent, and OLG is readying to create a space that is 5,000-seat. Three locations are increasingly being considered, one being on top of the bus terminal that acts the Niagara Fallsview complex.

Niagara Falls officials including Mayor Jim Diodati are opposing the bus terminal location. The city says ‘the loss of rooms with views of the falls could have a monetary effect on hotel revenue, and maybe value and evaluation that has a direct effect regarding the municipal tax base. in a report’

OLG Exempt From Rules

The waterfront area of Niagara Falls is subjected to development rules that stipulate how high buildings are constructed in certain specific areas. When the resorts behind the casino complex were erected, these people were built aided by the understanding that their views would remain unimpeded.

However the OLG, a government entity associated with Ontario province, is not susceptible to zoning that is local. OLG did, but, enter into a Development Agreement with Niagara Falls ‘in principle,’ and agreed not to ever build more than certain heights.

‘Tourism invested vast sums of bucks predicated on an understanding of . . . where the sight lines were likely to be,’ Diodati told the Niagara Falls Review. ‘ They took a lot of risk in good faith.’

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

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

Casinos Bet on Entertainment

Casino resorts across the usa and North America are focusing on millennials by scheduling hipper concert functions. That’s led to a need for bigger entertainment spaces, and video gaming operators are gambling big on brand new facilities.

In addition to Fallsview, the OLG furthermore owns Casino Niagara just a mile north. Casino Niagara is an older 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 country of Indians, features a 2,400-seat events center and more intimate 440-seat theater. 

 

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