Horserace Betting Levy Board

Financial Forecast 2020/21
The Executive had begun a mid-year reassessment of payments on account with bookmakers. The Board noted the financial risks present for 2020/21.

Divided Race Fund: October-December 2020 Funding
The Board agreed funding for divided races from October to December 2020 of £890,000.

Funding for Additional Regulatory Staff
The Board agreed to approve up to £500,000 in funding towards additional regulatory staff at racecourses carrying out compliance duties in connection with Covid-19 regulations.

Betting Liaison Group Chairmanship
The Board approved the appointment of Mike O’Kane as Chairman of the Betting Liaison Group with immediate effect.

Sectional Timing Funding: Update
The Board received presentations from providers or representatives of the companies providing sectional timing and tracking at racecourses. 

Strategic Risk Management Framework: Phase One Mitigations
The Board noted the progress made on the Strategic Risk Management Framework and the mitigation of risks.

Management Accounts to 31 July 2020
The Board approved the management accounts to 31 July 2020.