Monday, March 02, 2009
Picture rights increase revenue for UK racing

The simulcast service set up by a number of race tracks a couple of years ago to compate with the bookmaker owned simulcast service has seen its revenues increase by 19% in 2008.

According to figures released by TurfTV last week, revenues were up from 30.1m for the year ended 30 November 2007 to 35.9m in the same period last year. Operating profits for the year were 2.9m, compared to a loss of 4.1m the previous year.

The race owned service is still under legal challenge by the bookmakers. The latter also aim to see a reduduction in their levy contributions to racing to compensate for the increased picture costs.