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Board Meeting Summary

Meeting Date: Thursday 9th February 2012

Default percentage for the 50th Levy Scheme

The Board noted that the default percentage of total gross profit attributable to British horserace betting business, excluding profits from gaming machines, to be identified in the Form of Declaration for the 50th Levy period will be 41%. This has risen from 39% in the 49th period (2010/11).


Betting Patterns Working Party

The Board approved the amended composition and terms of reference of its Betting Patterns Working Party. The list of members is shown below:

 

BPWP Composition
BPWP Organisation Represented By
HBLB
Douglas Erskine-Crum
HBLB Alan Delmonte
BHA Ruth Quinn
RCA Paul Johnson
RMG Racecourses Ed Gretton
ATR Racecourses Ian Renton
Horsemen's Group Alan Morcombe
Horsemen's Group Julian Richmond Watson
REL / Racing for Change Nigel Roddis
Bookmakers' Committee Will Roseff
Bookmakers' Committee Stu McInroy
Ladbrokes Mike O'Kane
William Hill Kate Miller
Coral Simon Clare
Betfair Steve Johnson
Betfred Steve Welsh


Allocations to Capital Credits January to June 2012

The Board approved racecourse applications for:

a) Raceday Services transfers to Capital Credits of £1,639,300 for the period 1st January to 30th June 2012;

b) Prize Money transfers to Capital Credits of £2,876,291 for the period 1st January to 30th June 2012;

c) Capital Credit Grants to be applied during January to June 2012 as repayments of loans in respect of approved development projects totalling £1,129,500;

d) Transfers to Capital Credits of additional requests made subsequently by racecourses for specified prize money-related grants yet to be awarded but which are allocated at a later date for the period 1st January 2012 to 30th June 2012. These include Appearance Money and Quality Support Fund payments.


Capital Credit Requests

The Board approved:

a) A Capital Credit grant of £466,210 to York Racecourse for six capital projects, including:
- Head Lads building refurbishment
- Parade ring surface improvement
- Installing a new track safety rail
- Installing a new Bustardthorpe fence line
- Upgrading the rubberised walkways at the stable complex
- Install a new sauna

b) A Capital Credit grant of £9,110 to Salisbury Racecourse for replacing a section of fencing and installing new access gates.