'How the hell are we supposed to solve this problem?' - bookies up in arms as banks continue to close accounts
Racecourse bookmakers continue to experience problems with banks closing their accounts and are increasingly frustrated by the lack of engagement with their issues.
In the wake of the row over the shutting down of ex-Ukip leader Nigel Farage's account in the summer, the Racing Post spoke to a number of bookmakers who have had their bank accounts closed without reason.
Conservative MP Philip Davies described the situation facing bookmakers as a "scandal" and covered the issue on the GB News programme he hosts with wife Esther McVey MP.
Read the full story
Read award-winning journalism from the best writers in racing, with exclusive news, interviews, columns, investigations, stable tours and subscriber-only emails.
Subscribe to unlock
- Racing Post digital newspaper (worth over £100 per month)
- Award-winning journalism from the best writers in racing
- Expert tips from the likes of Tom Segal and Paul Kealy
- Replays and results analysis from all UK and Irish racecourses
- Form study tools including the Pro Card and Horse Tracker
- Extensive archive of statistics covering horses, trainers, jockeys, owners, pedigree and sales data
Already a subscriber?Log in
Published on inBetting World
Last updated
- New gambling survey will improve previous 'outmoded' methodology, claims regulator
- 'One of a kind and very special' - Jeremy Chapman on the pioneering bookmaker Mervyn Wilson
- Another milestone for Flutter as industry giant continues pivot to the US - but Illinois tax hike 'will cause real harm'
- General election decision leaves government's gambling reforms in limbo
- Tackling gambling's black market likened to 'whack-a-mole' by senior DCMS civil servant
- New gambling survey will improve previous 'outmoded' methodology, claims regulator
- 'One of a kind and very special' - Jeremy Chapman on the pioneering bookmaker Mervyn Wilson
- Another milestone for Flutter as industry giant continues pivot to the US - but Illinois tax hike 'will cause real harm'
- General election decision leaves government's gambling reforms in limbo
- Tackling gambling's black market likened to 'whack-a-mole' by senior DCMS civil servant