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IFHA Conference 3: Aust Races 30% Of NZ Bets

Monday, 13th October 2008

New Zealand Thoroughbred Racing chairman Guy Sargent "highlighted 1 example of a smaller country that had benefited from closer ties with a bigger neighbour, as well as a more favourable tax regime," reported racingpost.co.uk. Sargent told the IFHA conference that "in the last 3 years, prize-money had risen by 50% & (televised) imported races, mainly from Australia, had grown (betting) turn-over by 19% to the point where they now accounted for nearly 30% of the total, compared with 3% 15 years ago".

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