HORSE RACING
Tough times for racehorse owners as prize money to fall 13% in November
14 October 2019 - 23:52
In a blow to racehorse owners, prize money is set to fall substantially in November due to a drop in betting turnover and an ongoing tussle with Gauteng gambling authorities.
Phumelela Gaming & Leisure, one of the main horse racing operators in SA, said on Monday that it would slash prize money 13% due to a decline in tote revenue in the 2018/2019 racing season and the withholding of the Gauteng provincial levy...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.