Racing wants more cash
Really very interesting piece on the racing industry yesterday on the BBC web site. You can view the article here: –
https://news.bbc.co.uk/1/hi/business/8280227.stm
You can download the entire Deloitte report by clicking this text, it’s a 7Mb file.
I won’t attempt to summarise or make an opinion on the report but I do think they are slightly off with their figures. Amounts wagered and the levy amount can’t really be compared across such different markets, but I do concede that racing could do with more money but this needs to be tied into modernisation. A big part of the gambling industry is utterly reliant on racing, but then again, the opposite is true also! I think a small increase in funding would surely help the industry which is seeing prize money fall away. But I also think they need to do more to encourage more people into the sport and through the turnstiles.
When I first started on Betfair I knew nothing about horse racing, now I quite enjoy it. That may not have happened if it were not for new technologies. I am sure if they invest in modernising the sport and the structure of the sport, it would pay rewards.
Category: Horse Racing
