Newmarket and Jockey Club Racecourses have appointed Stephen Wallis to managing director of Newmarket Racecourses.
Newmarket, one of Great Britain's premier racecourses, has been forced to abandon plans, at least for a year, for the construction of an all-weather (dirt) track after it was offered only three fixtures for 2005 by the British Horseracing Board's Fixture Allocation Group.
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