Synopsis of the 2018 Chairman’s statement

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The SPRC

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Sprc report

Horseracing and betting are going through turbulent times. To take some examples: the government has legislated to cut the maximum stake on FOBTs from £100 to £2 – a move which is predicted to bring about the closure of many betting shops and which will, in turn, lead to a reduction in racecourses’ media rights revenues and pressure on racing’s funding and prize money in particular. Online and mobile betting increasingly dominates, an iconic moment being the decision by William Hill to dispose of all its racecourse pitches.

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