Daily News Archive

Search nearly 75,000 unique Daily News articles.

Daily News Subscription

HK Boss Says "Commingling Must Be Realised"

Tuesday, 11th October 2011

In London, Hong Kong Jockey Club chief executive Winfried Engelbrecht-Bresges told the Leaders In Racing Conference (180 delegates from 15 nations, organised by GBI Racing & the UK Jockey Club) that “the major racing players around the world have to work together” & commingling of betting pools is one initiative that must be realised. Various speakers emphasised how horse racing jurisdictions must combine to create a dynamic new international racing product & Engelbrecht-Bresges noted: “Horse racing’s share has definitely gone down as sports betting has gone up. World-wide we have a shrinking, aging customer base. The major racing players around the world have to work together. The rebranding of racing is an imminent global exercise, especially to position racing as a global sport.” Among other speakers:

  • Betfair co-founder Edward Wray said an international 24-hour racing broadcast channel would promote “both the sport & betting” & declared: “The most destructive attitude is to look back at what was done 30 years ago - the good old days. We need to look forward & figure out how to attract young people.”
  • Australia’s Tabcorp international wagering manager Paul Cross (who noted Australians now bet on racing from the US, Japan, the UK, France & Singapore) said: “The more product we bring in, the more they want.”
  • US Parx Racing (formerly Philadelphia Park) deputy chairman Bill Hogwood said racing must develop “exciting new kinds of wagers to appeal to fans” & emphasised: “Pari-mutuel operators have got to get a hold of new technology & use it on global basis.”
  • British Minister For Tourism & Heritage (who oversees racing) said the government is committed to assisting racing to develop “a sustainable long-term source of income” under a system in which “racing & gambling should be symbiotic”.
« Previous
Return to
11th October 2011 News
Next »