- bet365 and 32Red commit to funding agreements with the sport in line with the Authorised Betting Partner model
British Racing is pleased to announce that two further betting organisations – bet365 and 32Red – have committed to funding agreements with the sport which are in line with the Authorised Betting Partner (ABP) model.
Following discussions with bet365 over recent weeks they will continue to make payments towards British Racing and will be granted ABP status. 32Red have also agreed to meet the required criteria.
While the specific details of each arrangement are confidential, the agreements are designed to provide fair and reasonable contributions from remote betting activity in the interim period leading through until the introduction of the Horserace Betting Right.
The news follows today’s announcement that Betfair have already agreed a three-year deal as Authorised Betting Partners which runs until April 2019.
Notes to editors
1. The range of advantages associated with being an Authorised Betting Partner includes, but is not limited to, use of a kitemark and promotional benefits as part of a marketing campaign to be rolled out across the sport; the opportunity to negotiate preferential commercial arrangements with participating racecourses, for example, relating to access to sponsorship opportunities; wifi provision and wider promotion.
2. Those racecourses currently signed up are those within the two largest groups, Arena Racing Company and Jockey Club Racecourses, and the five Scottish tracks.