Tag Archives: Racecourse Association

HBLB announces plans for distribution of £21.5 million SWSP loan

The Horse Betting Levy Board (HBLB) has agreed to terms on a £21.5 million loan secured from the British government as part of the Sport Winter Survival Package (SWSP). The loan has been issued as UK racing has suffered severe financial consequences as a result of the COVID-19 pandemic, having lost around £400 million in racecourse revenue, whilst participants experienced …

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UK Racing pushes for drastic levy reforms as deep recession looms

The British Horseracing Authority (BHA) has announced that it has agreed the ‘next phase of recovery’ for UK racing, working with The Horsemen’s Group and Racecourse Association (RCA). Since racing’s resumption on 1 July, the three bodies have collaborated on a wide range of recovery directives, seeking to restore racing activities and revenues for all stakeholders.  Publishing its joint plans, …

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AllSported launches international trading service to cover racing shortfalls

AllSported, a trading solution from Spotlight Sports Group, has committed to addressing the shortfall in live horse racing content by launching a new risk-managed trading service tailored towards international racing. The firm is looking to maximise the racing that is still taking place in Hong Kong and the US, in order to help betting operators retain their audience and increase …

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Racing attendance boosted by 2% according to HBLB figres

Recent figures published by the Horserace Betting Levy Board (HBLB) have shown that interest in british horseracing has continued to grow, as both total and average attendance for the first half of 2019 Figures have indicated that there has been a two per cent rise in attendances, with total attendance reported to be 2,801,512. Average attendance per fixture has also …

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Horseracing prize money facing cuts as levy drops £17m

British horseracing stakeholders have had to urgently initiate a plan of action following the recent Horserace Betting Levy Board’s (HBLB) announcement that estimated Levy income for the year ended 31st March 2019 will be some £78m, a fall of £17m from last year. News of the fall in yield were presented to racing’s HBLB representatives, Andy Clifton from the Racecourse …

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BHA plans Board changes amid need to improve industry collaboration

The British Horseracing Authority (BHA) will be making changes to its Board composition, in a bid to increase industry involvement among its members. It comes as a move to improve its decision-making process at the BHA, including the ways in which it consults both the racing industry and wider stakeholders, in addition to strengthening collaboration between the sport’s leadership and …

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Arc takes a firm stance on prize-money position

Arena Racecourse Company (ARC) has responded to threats of further boycotts from trainers over the cuts to prize-money contributions, by pointing out that the racing group will not be changing its position. The group’s CEO, Martin Cruddace, was on hand at Lingfield this Saturday to observe the Betway Winter Derby card. The meeting had been reduced from seven to five …

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Trainers blast ‘ridiculous’ cuts to Arc prize-money

Mark Johnston, a leading horse trainer, has blasted the Arena Racing Company’s (Arc) contribution to the prize-money as the racing group prepares to offset the government cuts to FOBT stakes. Arc announced in December 2018 that it “simply cannot continue” to maintain its current contributions to the prize-money fund, and would be issuing a reduction to its contribution by £3m. …

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