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UK Horse Racing Levy Reforms Clear Final Hurdle
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Uk horse racing has received a lift from the European Commission, which on Friday gave approval that is full the UK government’s reforms associated with sport’s main funding system.
UK recreations minister Tracey Crouch thinks the brand new levy will ensure gambling reforms pay a fair return to guide horse racing, but the bookies argue they currently support it through sponsorship deals.
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Under the latest system, all bookmakers are going to be needed to pay for a ten per cent levy on all gross earnings produced from betting on British horse racing above a $500,000 ($640,000) threshold.
Under the system that is previous which has been doing existence since 1961, just betting firms based in britain were required to contribute to funding, nevertheless now the levy will affect all companies that offer wagers on British racing, including including on- and off-course bookmakers, betting exchanges and spread betting organizations.
The vast majority of gambling 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 companies pay a fair return to support the game,’ said sports minister Tracey Crouch, whose division is behind the reforms.
‘Horse racing includes a heritage that is strong this country, using tens of thousands of people and it is enjoyed by many nearly every time of the season. This new method of the Horserace Betting Levy helps sustain and develop the activity.’
Long-lasting Certainty
The horse racing industry believes the newest levy will help develop a stable long-term funding process for the activity. BHA leader Nick Rust said that it shall allow racing to secure ‘a reasonable return’ from wagering organizations.
The newest deal will boost award money and provide extra funding for sets from racing integrity to equine welfare and science that is veterinary.
‘We anticipate working closely with bookmakers to build an exciting future for both our industries,’ Rust said.
‘ The new levy has the potential to put an end to unnecessary divisions between race 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, states 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 commission, on which it currently has none.
‘As one of the major contributors towards the levy we would hope that multichannel representation that is betting form part of any new distribution body,’ said William Hill’s Ciaran O’Brien.
‘It undoubtedly makes sense for both industries to have input into how the funds are invested, otherwise an increase is represented by this move in taxation alongside an elimination of representation.’
Melco-Hard Rock’s Cyprus Casino Awaits Lift Off, Comprehensive 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 assessment process was complete, and, pending ratification by the country’s cabinet, work will quickly begin on the construction of a $550 million ‘Euro Casino’ resort in the city of Limassol.
An artist’s rendering regarding the Republic of Cyprus’ first casino resort, a joint effort between Melco International Development and Hard Rock Resorts, to be completed in 2020. (Image: Melco-Hard Rock)
It will be the republic’s first, not the area’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 in the north, and also within the buffer zone it self, but casino gaming is brand territory that is new 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 lots of smaller satellite casinos. Being a major tourist that is european, competition was fierce, plus the tender process curiously secretive.
The likes of Nagacorp, Boomberry, Genting, Caesars and Sun International were also in the running while the Cypriot government kept the names of bidders under wraps, it’s believed that, along with Hard Rock and Melco.
The consortium has said it expects to secure a 30-year licensing agreement that allows it to work 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 begins in the Euro Casino resort, which can be scheduled to open in 2020. The finished Euro Casino will boast 500 luxury hotel rooms and at least 100 video gaming tables and 1,000 slots.
Network of Gaming Venues to check out
The consortium claims 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 announcement during the area’s travel and tourism exhibition, Taxidi 2017, as he discussed prepared improvements to the country’s tourism and travel sector.
A record quantity of visitors are required this summer and he admitted investment in infrastructure was needed to avoid a few of the airport delays witnessed year that is last.
‘ Our ultimate goal, through 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 tasks such as golf courses, marinas and the integrated casino resort.’
Elvis Memorabilia Retained by Westgate Las Vegas Despite Lawsuit From Icon’s Estate
The Elvis memorabilia that has been section of an exhibit at the Westgate Las Vegas Resort isn’t 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 despite the exhibit’s closure over a year ago. (Image: Westgate Las Vegas)
‘Graceland Presents Elvis’ was an attraction that is short-lived 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 exhibit provided visitors the chance to view 350 items of Elvis memorabilia, the collection that is largest outside of Graceland. The items included stage outfits, jewelry, letters, guitars, and other relics that were loaned to the casino from their property in Tennessee.
However with the exhibit badly attended, Elvis Presley Enterprises threatened to abandon its 10-year rent agreement less than a year after opening. Westgate, which claimed to have invested 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 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 often had to share with fans hoping for an encore that ‘Elvis has left the building,’ his memorabilia isn’t quite therefore quick 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 successfully petitioned Las Vegas into renaming Riviera Boulevard to Elvis Presley Way. The street connects Las Vegas Boulevard with Paradise Road where the Westgate sits eastern of the Strip. The famed Riv closed in 2015 and was demolished this past year.
Elvis’ estate did not want their likeness on a road name, especially one which may aid the Westgate in attracting people to its resort.
Final springtime, a judge stated Elvis Presley Enterprises could publish a $9 million relationship to recover its items. Rather, the estate and Westgate chose to take the case to arbitration. A mediator is anticipated to issue an answer within the days that are coming.
Viva Elvis Presley
After a seven-year hiatus from performing live in favor of making Hollywood films, most of which had been decried by critics, one exception being ‘Viva Las vegas, nevada,’ 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 play a huge selection of concerts at the International, and was scheduled to return in 1978 before their untimely death.
Besides the nearby namesake street, Elvis’ presence today at 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 will likely be his estate paying Westgate for the things in exchange for the termination of the lease agreement.
Graceland, Elvis’ mansion in Memphis, is the second-most visited home in 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 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 quickly hoist a new theatre adjacent to its tower, and which has hotels behind the resort upset over sight lines to your falls. (Image: Niagara Fallsview Casino)
Owned by the OLG, the Niagara Fallsview Casino sits just north of the iconic tourist location regarding the Canadian part. The $1 billion complex, opened in 2004, is the most prominent features of the Horseshoe Falls skyline.
Though Niagara Fallsview has one tall tower, the remainder complex is relatively short in stature, at only a few floors high. That’s allowing the hotels that are numerous 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 skill, and OLG is readying to construct a 5,000-seat space. Three locations are being considered, one being along with the bus terminal that serves the Niagara Fallsview complex.
Niagara Falls officials Mayor that is including Jim are opposing the bus terminal location. In a report, the city says ‘the loss of spaces with views of the falls might have a economic impact on hotel income, and perhaps value and assessment which has a direct impact on the municipal tax base.’
OLG Exempt From Rules
The waterfront area of Niagara https://myfreepokies.com/lucky-88-slot-review/ Falls is afflicted by development rules that stipulate how high buildings could be constructed in certain specified areas. Once the hotels behind the casino complex were erected, they were built because of the understanding that their views would remain unimpeded.
However the OLG, a government entity associated with the Ontario province, is not subject to regional zoning guidelines. OLG did, however, enter into a Development Agreement with Niagara Falls ‘in principle,’ and agreed not to build more than certain heights.
‘Tourism invested billions of bucks centered on an understanding of . . . where the sight lines were likely to be,’ Diodati told the Niagara Falls Review. ‘ They took a complete large amount 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 concert and music facility.
The video gaming regulator is expected to make its decision on the winning proposal month that is next.
Gambling enterprises Bet on Entertainment
Casino resorts across america and North America are targeting millennials by scheduling hipper concert acts. That’s resulted in 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 an older resort that dates 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.
