Industry Leaders Warn of Crippling Losses
Tough new gambling laws proposed by the UK government could have devastating effects on British horseracing, potentially costing the sport £250 million. Concerns about the affordability checks on bets have prompted industry bosses to write a letter to Culture Secretary Lucy Frazer, describing the crackdown as a "disaster" for the sector.
Proposed Reforms Could Threaten the Future of Horseracing
The government's Gambling White Paper includes plans to monitor the amount of money bettors are losing, even as little as £125 in a month. Martin Cruddas, CEO of the Arena Racing Company, warns that these measures would be a hammer blow to horseracing and its 88,000 employees. He emphasizes that the industry is united in its belief that the reforms will have a detrimental impact, potentially costing the sector over £250 million and jeopardizing the future of racecourses across the UK, along with thousands of jobs.
Racing Plays an Essential Role in Rural Communities
Leading British trainer Nicky Henderson highlights the importance of horseracing to rural communities, stating that he employs 65 people in a small village. He criticizes the affordability checks as clumsy and poorly administered, arguing that they are causing catastrophic damage to the rural heart of the UK.
Industry Support
The letter to Culture Secretary Lucy Frazer was signed and supported by a number of prominent industry organizations, including the Racecourse Association, Thoroughbred Breeders' Association, the Jockey Club, National Association of Racing Staff, Racehorse Owners Association, National Trainers Federation, and Professional Jockeys Association.
