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[4] bookmakers have to pay a percentage of their profits to the horseracing levy board to finance the racing industry.
[4] bookmakers have to pay a percentage of their profits to the horseracing levy board to finance the racing industry.
Last Update: 2014-10-23
Usage Frequency: 1
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furthermore, since the transaction was comparable to a "leveraged buyout", racing would not have to pay for the tote but the price for the transaction would be effectively financed through the tote itself.
furthermore, since the transaction was comparable to a "leveraged buyout", racing would not have to pay for the tote but the price for the transaction would be effectively financed through the tote itself.
Last Update: 2014-10-23
Usage Frequency: 1
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if racing were to sell its share in the successor company or if the successor company were to sell its assets or any significant proportion of them to a third party within a specified period, it would have to pay back to the government a percentage of any profits the government would have made from such a sale had the government not sold its stake [12].
if racing were to sell its share in the successor company or if the successor company were to sell its assets or any significant proportion of them to a third party within a specified period, it would have to pay back to the government a percentage of any profits the government would have made from such a sale had the government not sold its stake [12].
Last Update: 2014-10-23
Usage Frequency: 1
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