Journalists Wandering Eyes Posted May 22, 2018 Journalists Share Posted May 22, 2018 Steve Harman will stand down from his role as British Horseracing Authority Chairman in order to take up a new industry-wide role to engage with government to tackle the potential impact of last week’s FOBT announcement. The government’s decision to cut the maximum FOBT wager to £2 from £100 could mean a loss of £40 to £60 million per year for racing due to the threat of closure of betting shops. Harman’s BHA role will wrap up in November and he will work exclusively in his new role through 2019. He said, “This is the single biggest issue facing our industry and I welcome the opportunity to galvanise support to get the best possible deal for horseracing. This could mean a further reform of the levy to capture overseas betting and other changes we could seek to ensure that the funding of racing is secured for the future.” View the full article Quote Link to comment Share on other sites More sharing options...
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