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PartyT
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USA
20986 Posts |
 Posted - 03/13/2012 : 05:49:51 AM
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Cheltenham Festival: Spending 'more important than ever'
Attendance and spending at the Cheltenham Festival is "more important than ever", says the racecourse boss.
Some 230,000 spectators are expected through the gates of the four-day National Hunt Racing festival, which begins on Tuesday.
"I've been stressing how important it is to the local economy here," said racecourse director Edward Gillespie.
The festival is worth £50m to the local economy and more than 10,000 people are out of work in the county, he said.
"So it is more important than ever that people come and spend money and I am sure that they will be really well looked after."
From BBC News
http://www.bbc.co.uk/news/uk-england-gloucestershire-17337633
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PartyT
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USA
20986 Posts |
Posted - 03/13/2012 : 05:55:45 AM
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'Gambling is still recession proof'
Some 230,000 people are expected to visit Cheltenham racecourse next week for its annual racing festival.
Managing director of Cheltenham racecourse Edward Gillespie told the Today programme's Simon Jack that levels of gambling are increasing with more people betting on racing.
The Today programme's Friday boss said that in these times of austerity the racecourse avoids going for one major sponsor, instead receiving funds worth £2m from sponsors like Guinness and Christy's.
When asked about the festival's relationship with bookmakers, Mr Gillespie said that bookies were "exploiting loopholes" by moving their online operations overseas so they don't have to pay a levy to the horse racing industry
The industry are looking to introduce a licensing scheme, he said, which they hope will be up and running within a year.
http://news.bbc.co.uk/today/hi/today/newsid_9703000/9703980.stm
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Cheltenham Festival: Spending 'more important than
