Jockey Club's turnover increases by 8%

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Jockey Club's turnover increases by 8%

The Jockey Club has reported that its turnover for the last year has increased by eight per cent.

Horse insurance owners have been told that despite poor weather conditions during 2010 big meetings at Aintree, Cheltenham and Newmarket attracted lots of visitors.

Despite the winter cold snap, which saw 28 of its 374 races cancelled at the end of last year, the racing group recorded profits of £138 million.

Simon Bazalgette, chief executive of the Jockey Club, said: "Without the big freeze that brought the country to a halt, racecourse attendances were well up on the previous year and we saw other indicators of health such as hospitality revenues bouncing back."

Recently, the state-owned Tote, which was set up in 1928, was bought by Warrington-based bookmaker chain Betfred costing over £260 million.

Tote, which is the UK's fourth largest betting shop, gave nearly £20 million to horse racing during 2010 and employs nearly 4,000 people in shops and racecourses.

June 07th 2011

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