Fee increases and changes to the terms and conditions under which South African bookmakers display the Tellytrack feed in their outlets have angered many. Phumelela chief exec Rian du Plessis explains changes are to improve profitability
The 37th J&B Met went up the hill and full steam ahead on a beautiful Kenilworth afternoon on Saturday.
It’s about commercial realities and choices, says Phumelela CEO Rian du Plessis
‘Energetic action’ promised by Phumelela’s CEO Rian Du Plessis as he lauds the Competion Commission decision
Phumelela and the NHA appear to have worked themselves into a corner following the handling of the Maselle-RA Bonus challenge. Assertive leadership will be tested as the authorities need to move quickly to explain what happened.
There are some big swings, profit before tax international operations up 100%, local down 49%. Total betting on horseracing is 5% of the total gambling and betting rand and tote betting is 60%, so that’s 3%
On race day horses, jockeys, grooms, trainers and racehorse owners converge to battle it out. But there is another head-to-head simmering behind the scenes – between racehorse owners and the company that runs their industry
In terms of money wagered, the industry is growing, with bets rising from R4,68bn in the 12 months to March 2002 to R8,12bn in 2010/2011, according to the National Gambling Board
Gambling has been delegated to the provinces and we have to deal with 9 different gambling boards, with 9 different standards and 9 different procedures and 9 different tax rates
I am not pleased with the manner in which horseracing in South Africa is being administered by the operators, the National Horseracing Authority (“NHA”) and the Racing Association (“RA”). There is a complaint, which affects owners, which I need to bring to the fore.
