“No Choice”: Betfred Ends Sponsorship of All 5 British Classics After Tax Hike

Betfred , the “trusted and respected global brand in the betting and gaming industry, with over 50 years of proud history“, has announced it will no longer continue its sponsorship of all five British Classics. The shocking decision follows the UK government’s latest tax increase on the gambling industry. Fred Done’s Project Crumbles Down This way, the brand will stop a deal that had fulfilled founder Fred Done ‘s long-held ambition. The bookmaker will not renew its three-year sponsorship agreement covering the 2,000 Guineas, 1,000 Guineas, Derby, Oaks and St Leger .