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The Tote
The Tote is a British gambling company founded in 1928. It operates the world's largest online pool betting website. Its product offering also includes sports betting and online casino. Business operations are led from its headquarters in Wigan. The Tote was established and owned by the UK Government until July 2011 when it was sold to Betfred for £265m. It was sold to UK Tote Group – a consortium of over 150 individual investors involved in the sport as racehorse owners and breeders – in October 2019 for £115m. The Tote has retail outlets on 58 of the UK's 59 racecourses, as well as an online division. Under the ownership of the UK Tote Group, the Tote aims to develop a more competitive product to compete in the UK betting market. History The Racehorse Betting Control Board was created by the Racecourse Betting Act 1928, as a statutory corporation. It was set up by Winston Churchill as a government-appointed board, with the intention of providing a safe, stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gambling
Gambling (also known as betting or gaming) is the wagering of something of Value (economics), value ("the stakes") on a Event (probability theory), random event with the intent of winning something else of value, where instances of strategy (game theory), strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Home Secretary
The secretary of state for the Home Department, more commonly known as the home secretary, is a senior minister of the Crown in the Government of the United Kingdom and the head of the Home Office. The position is a Great Office of State, making the home secretary one of the most senior and influential ministers in the government. The incumbent is a statutory member of the British Cabinet and National Security Council (United Kingdom), National Security Council. The position, which may be known as interior minister in other nations, was created in 1782, though its responsibilities have Home Office#History, changed many times. Past office holders have included the prime ministers Lord North, Robert Peel, the Duke of Wellington, Lord Palmerston, Winston Churchill, James Callaghan and Theresa May. The longest-serving home secretary is Henry Addington, 1st Viscount Sidmouth, who held the post continuously for 9 years, 221 days. The shortest-serving home secretary is Grant Shapps, w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prime Minister Of The United Kingdom
The prime minister of the United Kingdom is the head of government of the United Kingdom. The prime minister Advice (constitutional law), advises the Monarchy of the United Kingdom, sovereign on the exercise of much of the Royal prerogative in the United Kingdom, royal prerogative, chairs the Cabinet of the United Kingdom, Cabinet, and selects its Minister of the Crown, ministers. Modern prime ministers hold office by virtue of their ability to command the confidence of the House of Commons of the United Kingdom, House of Commons, so they are invariably Member of Parliament (United Kingdom), members of Parliament. The office of prime minister is not established by any statute or constitutional document, but exists only by long-established Constitutional conventions of the United Kingdom, convention, whereby the monarch appoints as prime minister the person most likely to Confidence motions in the United Kingdom, command the confidence of the House of Commons. In practice, thi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Equity
Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the companies. In casual usage "private equity" can refer to these investment firms rather than the companies in which they invest. Private-equity capital (economics), capital is invested into a target company either by an investment management company (private equity firm), a venture capital fund, or an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Private equity can provide working capital to finance a target company's expansion, including the development of new products and services, operational restructuring, management changes, and shifts in ownership and control. As a financial product, a private-equity fund is private capital ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department For Culture, Media And Sport
The Department for Culture, Media and Sport (DCMS) is a Departments of the Government of the United Kingdom, ministerial department of the Government of the United Kingdom. It holds the responsibility for Culture of the United Kingdom, culture and Sport in the United Kingdom, sport, and some aspects of the media of the United Kingdom, media throughout the UK, such as broadcasting. Its main offices are at 100 Whitehall, Parliament Street, occupying part of the building known as Government Offices Great George Street. It also has responsibility for the tourism in the United Kingdom, tourism, leisure industry, leisure and creative industries (some jointly with the Department for Business and Trade). The department was also responsible for the delivery of the 2012 Olympic Games and 2012 Paralympic Games, Paralympic Games. From 2017 to 2023, the department had responsibility for the building of a digital economy and was known as the Department for Digital, Culture, Media and Sport. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Budget
A government budget is a projection of the government's revenues and expenditure for a particular period, often referred to as a financial or fiscal year, which may or may not correspond with the calendar year. Government revenues mostly include taxes (e.g. inheritance tax, income tax, corporation tax, import taxes) while expenditures consist of government spending (e.g. healthcare, education, defense, infrastructure, social benefits). A government budget is prepared by the Central government or other political entity. In most parliamentary systems, the budget is presented to the legislature and often requires approval of the legislature. The government implements economic policy through this budget and realizes its program priorities. Once the budget is approved, the use of funds from individual chapters is in the hands of government ministries and other institutions. Revenues of the state budget consist mainly of taxes, customs duties, fees, and other revenues. Stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gordon Brown
James Gordon Brown (born 20 February 1951) is a British politician who served as Prime Minister of the United Kingdom and Leader of the Labour Party (UK), Leader of the Labour Party from 2007 to 2010. Previously, he was Chancellor of the Exchequer from 1997 to 2007 under Tony Blair. Brown was Member of Parliament (United Kingdom), Member of Parliament (MP) for Dunfermline East (UK Parliament constituency), Dunfermline East from 1983 to 2005 and for Kirkcaldy and Cowdenbeath from 2005 to 2015. He has served as Special Envoy of the Secretary-General, United Nations Special Envoy for Global Education since 2012, and he was appointed as WHO Goodwill Ambassador, World Health Organization Ambassador for Global Health Financing in 2021. A Doctor of Philosophy, doctoral graduate, Brown studied history at the University of Edinburgh. He spent his early career as a lecturer at a further education college and as a television journalist. Brown was elected to the House of Commons of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chancellor Of The Exchequer
The chancellor of the exchequer, often abbreviated to chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and the head of HM Treasury, His Majesty's Treasury. As one of the four Great Offices of State, the chancellor is a high-ranking member of the British Cabinet. Responsible for all economic and financial matters, the role is equivalent to that of a finance minister in other countries. The chancellor is now always second lord of the Treasury as one of at least six Lords Commissioners of the Treasury, lords commissioners of the Treasury, responsible for executing the office of the Treasurer of the Exchequer the others are the prime minister and Commons government whips. In the 18th and early 19th centuries, it was common for the prime minister also to serve as Chancellor of the Exchequer if he sat in the Commons; the last Chancellor who was simultaneously prime minister and Chancellor of the Exchequer was Stanley Baldwin in 1923. Formerl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Company
In a limited company, the Legal liability, liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by Share (finance), shares or by guarantee. In a company limited by shares, the liability of members is limited to the unpaid value of shares. In a company limited by guarantee, the liability of owners is limited to such amount as the owners may undertake to contribute to the assets of the company, in the event of being wound up. The former may be further divided in public companies (public limited company, public limited companies) and private companies (private limited company, private limited companies). Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast, anyone may buy shares in a public limited company. Limited companies can be found in most countries, although the detailed rules governing them vary widely. It is also com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Horserace Betting And Olympic Lottery Act 2004
The Horserace Betting and Olympic Lottery Act 2004 (c. 25) is an Act of the Parliament of the United Kingdom. Section 40 - Commencement The following orders have been made under this section:The Horserace Betting and Olympic Lottery Act 2004 (Commencement No. 1) Order 2004(S.I. 2004/3283 (C. 149))The Horserace Betting and Olympic Lottery Act 2004 (Commencement No. 2) Order 2005(S.I. 2005/1134 (C. 52))The Horserace Betting and Olympic Lottery Act 2004 (Commencement No. 3) Order 2005(S.I. 2005/1831 (C. 78))The Horserace Betting and Olympic Lottery Act 2004 (Commencement No. 4) Order 2011(S.I. 2011/462 (C. 17)) References *"Horserace Betting and Olympic Lottery Act 2004". Current Law Statutes 2004. Sweet & Maxwell. London. W Green. Edinburgh. 2004. Volume 2. Chapter 25. p25-1to 25-36. *Halsbury's Statutes, External linksThe Horserace Betting and Olympic Lottery Act 2004 as amended from the National Archives.The Horserace Betting and Olympic Lottery Act 2004 as originally enacted ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manifesto
A manifesto is a written declaration of the intentions, motives, or views of the issuer, be it an individual, group, political party, or government. A manifesto can accept a previously published opinion or public consensus, but many prominent manifestos—such as ''The Communist Manifesto'' (1848) and those of various artistic movements—reject accepted knowledge in favor of a new idea. Manifestos relating to religious belief are generally referred to as ''creeds'' or ''confessions of faith''. Etymology The Italian word , itself derived from the Latin , meaning "clear" or "conspicuous". Its first recorded use in English is from 1620, in Nathaniel Brent's translation of the Italian from Paolo Sarpi's ''History of the Council of Trent'': "To this citation he made answer by a Manifesto" (p. 102). Similarly, "They were so farre surprised with his Manifesto, that they would never suffer it to be published" (p. 103).''Oxford English Dictionary,'' s.v. “manifesto (n.) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jack Straw
John Whitaker Straw (born 3 August 1946) is a British politician who served in the Cabinet from 1997 to 2010 under the Labour governments of Tony Blair and Gordon Brown. He held two of the traditional Great Offices of State, as Home Secretary from 1997 to 2001, and Foreign Secretary from 2001 to 2006 under Blair. He was a Member of Parliament (MP) for Blackburn from 1979 to 2015. Straw was born in Essex and privately educated both at Oaklands School, where his mother worked as a teacher, and later at Brentwood School. He studied Law at the University of Leeds before having a career as a barrister. He served as an adviser to cabinet minister Barbara Castle and was selected to succeed her as MP for the Blackburn constituency when she stood down at the 1979 general election. From 2007 to 2010, he served as Lord High Chancellor of Great Britain and the Secretary of State for Justice throughout the Brown ministry. Straw is one of only three individuals to have served in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
