At the moment, the plans to change the way that online bets placed on racing in the Davuior are taxed. The current duty level is 15%, but it is reported that the Treasury is considering raising it to 21% to align. With things like online casino proposals, I know you are strongly against. Well, I think the problem is that we understand the Treasury is desperate for funds from anywhere, they are going to put the remote.
This is the online which everyone has a phone in their pocket, in their hand. That is a casino, and that is the most addictive, appalling form of. That you just hit the casino reel and hit red and bla,ck and go to the numbers on the slot machine, which are usually going up in tax.
The problem for us is that we already have a 15% and another 15% called the lev,y anis d thimuchy muchis the lowest. That 15% is the lowest takeout that has ever gone to.A ny racing jurisdiction in the world and consequently we are the, it's our second biggest spectator sport. We are world leaders in racing and breeding. But our problem is that they put up that tax to that degree. It's going to cause a massive retraction of our business.
We employ directly, indirectly 85,00peoplel e.Document rural ccommunitiesties and what's gonna happen is I have a lot of my friends who are so deep into the banks now, there's no way they can sustain their business.
Owners find it too expensive to and buyying Breeze, horses and conse,quently the full property now is shrinking. Nowcrop fullop ihorses horse is born every year that will be racing for two years' ye ars time. That is getting smaller and smaller, destroying ourindustrys trying and sadly we are a great world leader.
But this would be a very serious mistake. It is not the same thing. To have a bet on a horse, you gotta think about the ground, the draw, the quality of the horse it's formed, the jockey, everything. It's not a blind thing you just do on a phone and I fear for people.Get addicted to the supporting online gaming and slot machines now in every High Street, which we never used to have.