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Wednesday, 12 December, 2018

Goulden resigns from Levy Board to focus on pool betting interests

Neil Goulden chairs the project board bidding to set up a racecourse-owned pool betting operation
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Neil Goulden has resigned from the Levy Board to concentrate on his position as chairman of the project group seeking to set up a pool betting operation owned by Britain's racecourses.

Goulden joined the Levy Board in December 2015 as one of two government-appointed members along with Newmarket's former MP, Conservative peer Lord Risby.

However, with the racecourse pool betting project aiming to be up and running when Betfred's exclusive licence runs out in July 2018, Goulden felt he could not do both jobs.

He said on Tuesday: "I resigned to focus on the new racing pool betting project and to avoid any potential conflicts of interest or time.

"I am clear it is an exciting project and could deliver a substantial and growing new income stream for racing and thus deserves my undivided attention."

Further change to the make-up of the Levy Board may come soon with a representative of the Association of British Bookmakers and Remote Gambling Association set to replace the Bookmakers Committee chairman Mike O'Kane on the board.

O'Kane has however said he would be willing to continue as the betting industry's representative.

Although the levy system has been reformed by the government, the Levy Board is set to continue as the body responsible for collecting and distributing levy funds until early next year.

Its duties will then be taken up by the Gambling Commission, which will collect levy from betting operators, and a new Racing Authority which will have responsibility for expenditure.

I am clear it is an exciting project and could deliver a substantial and growing new income stream for racing and thus deserves my undivided attention
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