As mentioned earlier this week, it is becoming clear that horseracing needs the bookmakers more than the bookies needs the races. Victor Chandler is the latest to pipe up about his contributions to the horseracing levy – or lack thereof – with a withering assessment of the relevance of the sport of kings. “The BHA seem to think that online bookmakers, like me, are absolutely dependent on horse racing,” he says. “I can assure them they are very wrong. Over the last 12 months, racing has contributed less than 8% of my revenues. Twenty years ago, horse racing was 100%.” In other words, the horse has bolted, chaps. To Gibraltar. And there ain’t diddly squat you can do about it. Read more.
Snake Oil & Widgets: Are Eponyms Synonyms for Success
August 20, 2014