Proposal until 2042 made to On-Course Bookmakers

Wed, May 13, 2009

THE Northern Racing group of nine racecourses has proposed to on-course bookmakers a 35-year commercial agreement on positions in betting rings backdated to 2007.

The company is the first of the major racecourse groupings to put forward an all-encompassing proposal to bookmakers which has been developed after long consideration and input from the industry as a whole including feedback from a number of bookmakers.

This agreement, which provides certainty for on-course bookmakers by committing them to retain their existing positions until 2042, allows for the auctioning and private sales of list positions within the existing betting rings on a quarterly basis.

The betting badge daily fee would remain, until 2012, at the amount equal to five times the public admission price. Then, and every five years after that, the fee would be reviewed on a basis set out in the proposals.

Tony Kelly, Group Managing Director of Northern Racing, said: "We are pleased to put forward a commercial proposal to on-course bookmakers. A long-term arrangement recognises the role that they play on our racecourses. We will be discussing the proposed new contracts with individual on-course bookmakers in the weeks ahead."

Existing bookmakers at Northern Racing's racecourses will initially be provided with details of the proposals which are also available to download here (pdf) and, in due course, within the licensed documents.

ENDS 225 words

For further information, please contact:
Tony Kelly, Group Managing Director, at Northern Racing, on 01283 575818

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