“Arena profit up but hurdles ahead” plus 2 more |
- Arena profit up but hurdles ahead
- Horse racing proposal advancing
- Horse Racing: 'Seabiscuit' horse moves to Tulsa Boys' Home
| Arena profit up but hurdles ahead Posted: 08 Mar 2011 03:41 AM PST 8 March 2011 Last updated at 06:30 ET Horse racing course operator Arena Leisure has posted a rise in underlying profits, but says it expects challenges ahead as funding from bookies is cut. Arena operates seven courses - Windsor, Doncaster, Southwell, Wolverhampton, Folkestone, Worcester and Lingfield Park - and has other leisure interests. In 2010, the firm saw a 10.4% rise in adjusted pre-tax profits to £5.4m. But chairman David Thorpe said the yield from the levy on bookmakers was estimated to fall this year. "The yield from the levy is estimated to fall to £64.8m in 2010-11 as a result of the movement of internet and telephone betting offshore, the impact of overseas betting operators and betting exchanges," he said. "The levy is fundamental to the support of horseracing in the UK and it is our belief that all parties should seek to maintain it in a modernised and restructured form." He said it was encouraging that for 2011-12 the government hoped the levy would deliver a yield of £73.7m to £80.8m to the horse racing industry. During 2010, Arena staged 352 horse racing fixtures and said its average attendance had increased by 4.2% to 1,800 over the period. Hospitality attendance increased by 17% to 45,200 as the economy recovered and the firm staged more special events. In addition to its horse racing activities, the firm also operates golf courses, hotels and catering services. This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
| Horse racing proposal advancing Posted: 07 Mar 2011 08:14 AM PST Georgia Politics 2:15 p.m. Monday, March 7, 2011 The Atlanta Journal-Constitution A proposal that bets Georgians will approve horse racing in exchange for money for HOPE scholarships, pre-K programs and trauma care centers has entered the starting gate. Associated Press Could this be the scene in Georgia some day? House Resolution 186 would let local communities vote on whether to allow parimutuel gambling, House Resolution 186, which would let local communities vote on whether to allow parimutuel gambling, has made it to the powerful Rules Committee, which sets the calendar for votes. A companion bill that would create a state racing commission, House Bill 467, recently garnered more than 30 co-sponsors and is in committee review. "It's a few years off, but planning ahead, it's dollars that are needed," said Rep. Harry Geisinger, the Roswell Republican pushing both measures. Opponents have argued against extending gambling and the social risks that come with it in defeating similar proposals for years. The effort needs a two-thirds vote of the Legislature and ballot approval by voters both statewide and in individual communities for tracks to set up. This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
| Horse Racing: 'Seabiscuit' horse moves to Tulsa Boys' Home Posted: 08 Mar 2011 03:19 PM PST TULSA, Okla. (AP) — An Arkansas-bred horse that portrayed Seabiscuit in the 2003 movie about the famed thoroughbred is now living at the Tulsa Boys' Home. On Monday, Rich In Dallas arrived at his new home, where he will be used in the home's therapeutic equine program. The Oklahoman reports the 16-year-old gelding eventually will be ridden by more advanced students at the home. Rich In Dallas appeared in a famous autumn riding scene in "Seabiscuit." He briefly returned to the racetrack, but an anonymous California donor claimed the horse and donated him to the Exceller Fund, a thoroughbred retirement organization. He lived on a Kentucky farm run by another such group, Old Friends, and later at the Kentucky Horse Park. The Exceller Fund connected his current caretakers with the Tulsa Boys' Home. This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
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