Sky Racing World reports record financial performance

Sky Racing World, a subsidiary of Australian operator Tabcorp, has revealed a record set of financial results for the 12 months through to June 30.

The firm, which distributes international horse-racing content to the Americas and saw particular success with its core Australian racing offering, said turnover for the year amounted to $215 million (€193.1 million), up 13% on the previous year.

The firm’s Australian offering totalled over 7,800 meetings this year, including the Sydney Racing Carnival, where Sky Racing World said it was able to generate $1.4 million on the second day of the event.

Sky Racing World saw New Zealand racing generate 42% more turnover than in the previous year, with South African racing also increasing in popularity.

David Haslett, president and chief executive of Sky Racing World, said: “The American market has a growing appetite for high-quality international racing entertainment and we are certain this interest will grow throughout the next fiscal year with our extended offering of Australasian racing content.

“This year was a very successful one for both our New Zealand and South African racing products.

“These two markets showed substantial growth and we look forward to further pursuing these opportunities throughout the upcoming financial year.”

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