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But the complete does not back up this claim.

Paris, supports not only by the Levy, British Racing a statutory grant funded by a tax on the profits of Paris on Racing UK.

Our industry is also racing British by payment to cover television courses and meetings sponsorship and courses.Les revenue generated for the British Horseracing both increased as the Levy revenues declined.

In the coming years, the British horse racing industry revenues will be further boosted by over inflation increases already accepted in the lucrative new contracts for SIS and grass will commence in 2012, and include the costs in advance received by racecourses television TV images.

Other income are also in good health.Racecourse Association announced an increase of 4% attendance globale.En effect, far from industry of British Horseracing in financial crisis, the main sociétés de courses groups appear to be likely to increase profits. Leisure arena, including courses 26% of machines take place, already posted a substantial increase in profits.

At the heart of the problem is that the British horse racing industry seems determined to ignore - revenue from the Levy is mainly because fewer people are betting on British Horseracing.Its relevance for the NRC client continues to decrease.

British Horseracing as all corporations, must adapt to the evolution of the situation rather than to expect a bailout by increased grant established in 1961 to offset the impact expected from outside those betting on attendance racecourses.The world has changed many things in the past 50 years.Colombia-British Horseracing, protected by this grant has failed to adapt.

Betting industry is pleased to work with racing horse britanniques.Mais given our revenues decline Paris on British Horseracing and increased money pay TV rights, "United Racing" calls for an increase in the Levy is justification.En effect, if anything, the value fall of British horse races in Paris makes the case for a reduction in the Levy.

British Horseracing should consider entering not outwardly, and solutions.bookmaking cannot if expected to pay a percentage higher profits to prop an industry whose problems are mainly from its own fabrication.Nous are convinced that Mr. Hunt will examine this larger picture when it comes to render its decision on the system of 50th collection.

Will be Roseff, President, Committee of bookmakers

Richard Glynn, CEO, Ladbrokes plc

Neil Goulden, President Emeritus of the Gala Coral Group

Ralph Topping, CEO, William Hill plc

David Yu, CEO, Betfair

Keith Johnson, President, National Association of British bookmakers

Warwick Bartlett, President, Association of British bookmakers

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The letter of the bookmakers coincides with today? presentation of the Government s appointed Horserace Betting Levy Board members.?Photo: PA

In a rare show of high street bookmakers and Paris Exchange Betfair, unity offerors have criticized the industry for failing to adapt to a changed world where those who bet on horses is being usurped by Paris on football and other sports.

Letter of the leaders of companies, including William Hill, Ladbrokes and Betfair coincides with the introduction today of the Government appointed members of Horserace Betting Levy Culture Secretary Jeremy Hunt.

Mr. Hunt is found in junk to determine funding for next year's position of sport after the two parties has accepted an agreement.Offerors offered 66 m ￡ next year, based on gross, profits 10pc whereas industry is 130 m ￡-￡_150 m.

In the letter signed, among others, by William Hill boss Ralph Topping, Ladbrokes Chief Richard Glynn, Gala Coral Emeritus President Neil Goulden and Betfair head David Yu, offerors warn Mr. Hunt does not to fall for the racing industry is based on an increased royalty payment arguments.

The campaign group of owners, trainers, jockeys and racecourses tent a picture of an industry financial crisis by focusing only on income derived from the Levy.Mais complete facts United Racing does not back up this claim, the letter says.

Offerors pointed out that the industry also supports racing's "above inflation" SIS payments and record TV for photos that are passed through the channels for Paris.Actuellement, stores total payments approximately 55 m ￡ per year but are likely for amounted to approximately 75 m ￡.

Offerors added: "in the heart of the matter is that the British horse racing industry seems determined to ignore - revenue from the Levy is mainly because fewer people are betting on horse racing britanniques.Sa relevance for the NRC client continues to decline."

"British Horseracing as all corporations, must adapt to the evolution of the situation rather hoped a bailout by increased grant established in 1961 to offset the impact expected from outside betting on attendance racecourses.Le world has changed many things in the past 50 years British Columbia racing horses, protected by this grant, failed to adapt."

Offerors to go on to say that "if anything, the value fall of British horse races in Paris pleads for a reduction in the fee.

|A spokesman for the British Horseracing Association hit, saying: "it is a transparent false unity of different items that are in the record in support of our funding case bet industry show."

"Their central argument has already been rejected, and their inability to find anything reasonable saw the land issue with Jeremy Hunt, whose colleagues while in the opposition were clearly in the need to fill gaps in the charge could be closed."

"Mr. Hunt threw that he now wants to follow and we look forward to play our full part process".

After receiving recommendations from three nominated advisers hunting of M. Levy Board - Paul Lee, Penny Boys and Paul Darling - Government then should give both sides up to December 31 to perform other représentations.Il will be then its final decision.

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