Swedish online gambling association, Branschföreningen för Onlinespel (BOS) has submitted its response to a consultation carried out by Sweden’s Ministry of Finance on the financing of the horse racing industry in the country’s re-regulated gaming market.
BOS agreed with the consultation’s conclusion, which found that there was no reason for the state to present any new financing model for the horse racing industry.
One of the major changes to be considered was the introduction of a mandatory levy fee for betting on horses, for example, 5% of gross sales, in order to distribute the funds raised in the horse racing industry.
The country’s Gambling Market Inquiry rejected the proposal entirely, a move BOS said it supports.
Gustaf Hoffstedt, secretary general of BOS, said the association agreed with the conclusion based on both principles and practical reasons.
“On principle, you cannot own, and consequently charge for, information that is open to everyone. This includes results that ..