Betfair Fund non-payment subject of British Greyhound Racing Board debate

Crown set to complete buy-out of Betfair’s Australian operations – reportBetfair’s non-payment to the British Greyhound Racing Fund was again the topic of debate at meeting of the Greyhound Board, which confirmed that have the online betting firm had stopped paying its contribution, thought to be around £800,000.Fund chairman Tom Kelly told the Racing Post newspaper that Kelly it is ‘vital for the greyhound industry to maintain a level of income’, especially with the betting industry being squeezed by a Budget increase on machines duty.

Betfair, which has previously cited the fact bookmakers do not pay on their offshore business and so fail to see why it should when it is a voluntary payment, could not be reached for comment.  

Barry Faulkner, the Greyhound Board chief executive, said: “We have asked to meet with Breon Corcoran, Betfair’s chief executive, with a view to making progress.”

source : www.totallygaming.com

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