• News Feeds
Page last updated at 07:11 GMT, Friday, 9 March 2012

'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.

Get in touch with Today via email , Twitter or Facebook or text us on 84844.


Story Tools


Sign in

BBC navigation

Copyright © 2020 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific