The projections follow an Oct. 24 agreement in which the three largest bookmakers: William Hill, Ladbrokes, and Gala Coral, agreed to guarantee that their combined contribution will be at least $72.5 million.
British horseracing's finances will take a knock following the news that the UK's two biggest bookmaking firms are to move their Internet betting operations offshore.
Ladbrokes, the world's biggest bookmaker, is sponsoring the final British classic of the year, the St. Leger (Eng-I) at Doncaster, England.
- By Mark Popham
The British Jockey Club expressed disbelief this week to the damaging claim of Chris Bell of bookmaker Ladbrokes that at least one race a day in Britain is fixed.
- By Mark Popham
The British Jockey Club has reacted with disbelief to the claim of Chris Bell of the Ladbrokes bookmaking firm that at least one race a day in Britain is fixed. Bell made his point in an interview with BBC2 Television's "The Money Program," which is set to be broadcast on Tuesday, June 1.
The British government, in a surprise move, has limited the extension of the Tote's current pool betting monopoly to seven years from when the betting organization is bought by a racing trust next year.
Magna Entertainment Corp. will revive The Racing Network early next year, according to company chairman and founder Frank Stronach. The live racing network will likely be reintroduced when MEC launches its account wagering service in California.
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