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Ladbrokes Calls for Action as War of Words Heats Up

Ladbrokes Chief Exec calls for government to take immediate action regarding professional layers

Monday 12th April 2004

Chief Exec of Ladbrokes, Chris Bell, has called for the government to take immediate action in preparing for the registration and taxation of ‘professional layers’ on betting exchanges. In what can be seen as a response to Betfair’s statement earlier this week that government proposals ‘would discriminate against one section of the betting public and create bureaucracy for one set of operators,’ Bell said:

Bell said: 'We are very pleased that the Committee, which has done an extremely thorough piece of work, has said that professional layers on exchanges should be registered, regulated, and taxed. It is a practical and sensible proposal and removes the anonymity of those layers who are quite clearly acting in way of business

'The Department for Culture, Media and Sport, and Betfair, should put this proposal into immediate effect via a Code of Practice. They should do that forthwith; they shouldn't wait for the passage of the Bill or the establishment of the Gambling Commission. We did the same with Fixed Odds Betting Terminals. We moved from our ideal position and reached an agreement with the government. It is entirely reasonable to expect immediate action on a Code of Practice”




Source: OnlineCasinoNews