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Wednesday, March 7, 2001



TOTE WELCOME BROWN'S 'DEDUCTION-FREE BETTING' PROPOSAL




The Tote welcomes the Chancellor's statement that General Betting Duty is to be replaced with a gross profit tax of 15%. Tote Chairman Peter Jones said:

"This is great news for punters and for bookmakers who will now be able to offer deduction free betting. Turnover could increase by 50% or more as a result of this initiative".


The Tote with its two bookmaking divisions, Tote Credit and Tote Bookmakers, is well placed to take advantage of the changes.

Tote Credit has been particularly badly affected by bookmakers moving off shore and plans to recover all turnover lost and more through an aggressive marketing campaign. Plans have already been made to expand the Tote Credit's call centre in Wigan creating at least 50-100 new jobs in the area in the next two years.


Tote Bookmakers with its 350 betting offices will also need to recruit additional staff to cope with the expected increase in turnover. Tote Chief Executive John Heaton said:

"The Treasury are to be applauded for this move which, although might result in a fall in revenues in the short term, will be more than off set in the longer term by duties from the increased betting turnover together with increases in revenues from Income, Corporation and other taxes"

Totalbet the Board's joint venture with PA/Sporting Life had secured a license in Malta from which it intended to trade to British and international punters. The transfer of the business will not now take place and Totalbet will concentrate on marketing to punters both in and outside Great Britain. John Heaton continued:

"Totalbet has been subsidised by the Tote and PA/SL in the last twelve months through its offer of 2% deductions. This will now give an opportunity for Totalbet to trade profitably giving scope for a major expansion particularly to punters overseas many of whom are currently unable to place a bet with a bookmaker or bet on a sporting event."



LADBROKES WELCOMES BEST DAY FOR PUNTERS SINCE 'DETTORI SEVEN'




The world's biggest bookmaker, Ladbrokes, today welcomed the announcement by the Chancellor that the current system of betting duty is to be abolished and replaced with a new revolutionary system of a tax on the gross profits of bookmakers.


Ladbrokes has confirmed that the move will enable it to offer tax free betting as soon as the new tax regime comes into force in all of its 1900 shops, plus its telephone, internet and interactive betting businesses. This will be the first time that all Ladbrokes customers will be able to bet without deductions since general betting duty was introduced over 30 years ago.


Ladbrokes Worldwide CEO Chris Bell believes that the move is the best result possible for betting customers: "This has to rank alongside Red Rum's three Grand National wins and Frankie Dettori's magnificent seven as one of the best ever days for punters. This decision means our customers can now enjoy far more betting for their money. In fact everyone associated with the industry is a winner - customers, the industry, racing and the Exchequer."

Ladbrokes believes the move will see substantial increases in UK betting turnover as customers take advantage of the new tax regime, which gives them far more betting per pound. By offering tax free betting customers can receive more of their winnings which would otherwise be swallowed up in tax, and therefore have more money to bet with.


Ladbrokes intends to move its offshore betting business to the UK as soon as it is practicable in order to establish its UK base as its global centre of operations.


In order to service this anticipated growth in customer demand Ladbrokes will be investing in its UK business with further investments in its shops, telephone and internet businesses. The racing industry will benefit substantially from customers betting tax-free as the additional turnover generated through the reforms will in turn generate more funds for racing.




ENTRIES FOR DUBAI WORLD CUP DAY




US$6,000,000 Dubai World Cup (Gr I), sponsored by Emirates

Thoroughbreds. 2,000m. Dirt

First Race of the 2001 Emirates World Series Racing Championship

Horse Country Trainer

Aptitude (USA) USA Robert Frankel
Aristotle (IRE) SING Malcolm Thwaites
Best Of The Bests (IRE) UAE Saeed bin Suroor
Broche (USA) UAE Saeed bin Suroor
Captain Steve (USA) USA Bob Baffert
Early Warning (USA) KSA Saud Rezaiq Alshabini
Ekraar (USA) UAE Saeed bin Suroor
Endless Hall (GB) GB Luca Cumani
Hightori (FR) FR Philipe Demercastle
Kingsalsa (USA) FR Andre Fabre
Petrushka (IRE) GB Sir Michael Stoute
Regular Member (JPN) JPN Shoji Yamamoto
Sei Mi (ARG) KSA Jerry Barton
State Shinto (USA) UAE John Sadler
To The Victory (JPN) JPN Yasuo Ikee

US$2,000,000 Dubai Duty Free (Gr II), sponsored by Dubai Duty Free.
Thoroughbreds. 1,777m. Turf

Horse Country Trainer
Arkadian Hero (USA) GB Luca Cumani
Crisos Il Monaco (IRE) ITY Luigi Camici
Eagle Café (USA) JPN Futoshi Kojima
Fairy King Prawn (AUS) HK Ivan Allan
Golden Silca (GB) GB Mick Channon
Happy Diamond (USA) UAE Saeed bin Suroor
Jim and Tonic (FR) FR Francois Doumen
Ladies Din (USA) USA Julio Canani
Prolix (GB) KSA Saud Rezaiq Alshabini
Shamrock City (IRE) GB Paul Howling
Slickly (FR) UAE Saeed bin Suroor
Sobieski (IRE) UAE Saeed bin Suroor
Sumitas (GER) GER Peter Schiergen
Sunline (NZ) NZ Trevor McKee
Swallow Flight (IRE) GB Geoff Wragg

US$2,000,000 Dubai Sheema Classic (Gr II)
sponsored by Jebel Ali Free Zone & Dubai Ports Authority.

Thoroughbreds. 2,400m. Turf

Horse Country Trainer
Caitano (GB) GER Andreas Schutz
Catella (GER) GER Peter Schiergen
Ciro (USA) USA Cristophe Clement
Compton Ace (GB) GB Gerard Butler
Crimson Quest (IRE) KSA Jerry Barton
Daliapour (IRE) HK Ivan Allan
Fantastic Light (USA) UAE Saeed bin Suroor
Indigenous (IRE) HK Ivan Allan
Island House (IRE) GB Geoff Wragg
Miletrian (IRE) GB Mick Channon
Murghem (IRE) GB Mark Johnston
Mutafaweq (USA) UAE Saeed bin Suroor
Silvano (GER) GER Andreas Wohler
Stay Gold (JPN) JPN Yasuo Ikee

US$2,000,000 Dubai Golden Shaheen (Gr III), sponsored by Gulf News
Thoroughbreds. 1,200m. Dirt

Horse Country Trainer
Active Bo Bo (FR) MAC Y T Lam
Andreyev (IRE) GB Richard Hannon
Bertolini (USA) UAE Saeed bin Suroor
Bomber Bill (AUS) AUS Russell Cameron
Caller One (USA) USA James Chapman
Gold World Winner (CAN) MAC Peter Leyshan
Istintaj (USA) USA Mark Hennig
Men's Exclusive (USA) USA Wesley Ward
Morluc (USA) USA Randy Morse
Nuclear Debate (USA) FR John Hammond
Pipalong (IRE) GB Tim Easterby
Pitu da Guanabara (BRZ) BRZ Gilson Almeida Borba
Sampower Star (GB) UAE Saeed bin Suroor
Serenita (ARG) USA Bobby Frankel
Tayseer (USA) GB David Nichols
Tedburrow (GB) GB Eric Alston


US$2,000,000 UAE Derby (Gr III)
Thoroughbreds. 1,800m. Dirt

Horse Country Trainer
Aslaaf (USA) UAE Saeed bin Suroor
Atlantis Prince (GB) UAE Saeed bin Suroor
Celtic Silence (GB) UAE Saeed bin Suroor
Count Dubois (GB) GB William Haggas
E Dubai (USA) UAE Saeed bin Suroor
Express Tour (USA) UAE Saeed bin Suroor
Lady Lahar (GB) GB Mick Channon
Lethal Agenda (USA) IRE Dermot Weld
Lido Palace (CHI) USA Bobby Frankel
Mr. Pleasantfar (BRZ) BRZ Marcio Ferreira Gusso
Naaeem (KSA) KSA Saud Rezaiq Alshabini
Nikolayev (BRZ) BRZ S Dornelles
No Excuse Needed (GB) GB Sir Michael Stoute
Noverre (USA) UAE Saeed bin Suroor
Prizeman (USA) GB Richard Hannon
Street Cry (IRE) UAE Saeed bin Suroor
Tapatio (ARG) ARG Tadei, EC


US$1,000,000 Godolphin Mile (Gr III) sponsored by Jebel Ali Hotel & Golf Resort.

Thoroughbreds. 1,600m. Dirt

Horse Country Trainer

Blu Air Force (IRE) FR Andre Fabre
China Visit (USA) UAE Saeed bin Suroor
Cliquot (USA) KSA Bobby Wingfield
Compton Bolter (IRE) GB Gerard Butler
Conflict (FR) UAE Nick Robb
Curule (USA) UAE Saeed bin Suroor
Double Heart (FR) FR Valerie Dissaux
Gold Tiara (USA) JPN Kunihide Matsuda
Nite Dreamer (CAN) USA Niall O'Callahan
Nobo True (USA) JPN Hideyuki Mori
One Won One (USA) IRE Joanna Morgan
Pine Dance (USA) IRE Dermot Weld
Regal Thunder (USA) USA Julio Canani
Skoozi (NZ) AUS Graeme Rogerson
Sugarfoot (GB) GB Nigel Tinkler
Sultry Substitute (USA)USA Nick Canani



COSTELLOE LEADS CHELTENHAM FESTIVAL FASHION STAKES




Ireland's leading international fashion designer, PAUL COSTELLOE, will dress Channel Four Racing's lady presenter Lesley Graham for the greatest showcase of jump racing in the world, Cheltenham Festival.


March 13 sees the curtain rising on the three-day bonanza, during which Lesley Graham will act as a roving-reporter, conduct horseback interviews with the principal winning jockey each afternoon and host the CHELTENHAM FESTIVAL HIGHLIGHTS every evening. Dressing for such duties requires careful consideration. Warmth, practicality, flexibility and image has to be taken into account.


Lesley Graham said: "Working with Paul Costelloe was great fun. At our first fitting session he immediately understood my fashion criteria, predominately warmth, and using his expert fashion instincts, clothes from his Spring/Summer 2001 collection were cleverly combined with previous winter garments."

Paul Costelloe added: "The opportunity to work with the Channel Four Racing team for Cheltenham Festival 2001, was an Irish boy's dream come true.


Following my latest inspiration a strong feeling of femininity, the look is fresh, pristine, clean and crisp, innocent on the surface but smouldering with a new sex appeal Lesley's fantastic figure and friendly personality will be enhanced using cool tailored suits and funky knitwear in an assortment of sober tones."



RACING RESUMED IN BRITAIN TODAY




After a break of one week due to the foot and mouth crisis, racing resumed in Britain today with one fixture taking place - on the all-weather at Lingfield.


Prospects for the rest of the week depend on weather courses lie within exclusion zones and whether courses are able to comply with the guidelines issued jointly from the BHB and Jockey Club.


FORTCOMING FIXTURES

Tomorrow

Wolverhampton - set to go ahead

Friday

Sandown - Set to go ahead
Ayr - Abandoned

Saturday

Sandown - set to go ahead
Warwick - set to go ahead
Ayr - abandoned

Monday

Market Rasen - set to go ahead
Stratford - set to go ahead


For old articles (from 1st March 2000) go to the Newslink Archive


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