World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

Yorkshire Racecourse Revenue To Plummet By 72% In 2020, £115M Loss To Regional Economy

Yorkshire’s horseracing industry contributed £300.2 million to the UK’s economy in 2019. However, according to the research data analyzed by Safe Betting Sites, it is on course to lose £114.8 million in 2020.

Moreover, the prize money at Britain’s top 10 prime horseracing events plummeted by 63% during the 2020 summer season. From £10.3 million, it fell to £3.8 million.

HKJC Says Over 90% of Horseracing Bets Placed Online in 2020

Prime money for Investec Derby went from £1.6 million in 2019 to £500,000 in 2020 while the Juddmonte International fell from £1 million to £275,000. Ascot also slashed the King George VI prize pool to £740,000 from £1.4 million. British Champion Stakes fell from £1.4 million to £275,000.

Britain’s average prize pool per flat race is the lowest among the top seven racing jurisdictions globally.

On the other hand, Hong Kong has made a name for hosting the richest races. While others slash prize pools, the Hong Kong Jockey Club (HKJC) increased prize money across the board. It announced a record HK$1.4 billion ($181 million) increase for the entire 2020/21 season across 88 meetings. That marks a 4.8% increase from the previous season.

Its key domestic race, the BMW Hong Kong Derby, got a 20% boost becoming the second richest derby globally. The country is also home to the richest Group 1 races. These are the Hong Kong Cup over 1m2f (HK$28M), the Mile (HK$25M) and the Longines 6f Sprint (HK$22M).

During the HKIR on December 14, 2020, fans from 27 jurisdictions placed their bets through 60 wagering partners. The HKJC points out that 90% of 2020 bets thus far were placed online, compared to 55% in 2019.

The full story, statistics and information can be found here: https://www.safebettingsites.com/2020/12/29/yorkshire-racecourse-revenue-to-plummet-by-72-in-2020-115m-loss-to-regional-economy/

© Scoop Media

 
 
 
World Headlines

 

Covid: 250 Groups Urge WTO Chief To Ditch Pharma-Friendly Approach And Embrace Vaccine Patent Waiver

by Jake Johnson, staff writer An international coalition of 250 civil society groups on Tuesday urged the head of the World Trade Organization to embrace a temporary suspension of coronavirus vaccine-related patents, warning against pursuit of a voluntary ... More>>

Samoa’s Stunning Election Result: On The Verge Of A New Ruling Party For The First Time In 40 Years

Tamasailau Suaalii Sauni , University of Auckland and Patricia A. O'Brien , Georgetown University Samoan politics is on a knife edge. After the country voted in general elections on April 9, counting so far has resulted in a dead heat between the two ... More>>

Timor-Leste: UN Agencies Support Response In Wake Of Deadly Floods

United Nations agencies in Timor-Leste are supporting response efforts, as floods and landslides left widespread damage across the country, including in the capital, Dili. According to media reports, at least 21 people died in the country and many ... More>>

Focus On: UN SDGs

Awake At Night: S3-Episode 21: There Is Hope

Brazzaville visit to CSI Pilote du Diabete with Health workers at a local government clinic. 2018 - Photo: ©CSI/Dr. Soumya Swaminathan 'When it comes to a pandemic, it really needs global collaboration and solidarity because the pathogens and viruses More>>

UN: Growing Calls For Revamping Development Financing To Ensure Sustainable Global Recovery From COVID-19 Pandemic

Forum to highlight new initiatives to tackle inequalities exacerbated by pandemic With many economies reeling as a result of the COVID-19 pandemic, and as inequalities continue to widen, world leaders will discuss options to unlock concrete investments ... More>>

How Can We Vaccinate The World? Five Challenges Facing The UN-Backed COVAX Programme

The aim of the UN-backed COVAX scheme is to get two billion vaccine doses into the arms of around a quarter of the population of poorer countries by the end of 2021. What are the main challenges that need to be overcome, if this historic global effort ... More>>