GBI Racing, which broadcasts British and Irish racing to betting shops and online operators in over 40 countries, has revealed that its services generated a record level of turnover during the six months through to June 30.
Preliminary results for the first half of the year reveal operating profit amounted to £6.5 million (€9.2 million/$10.2 million), up £600,000 on the same period last year.
GBI said its performance in the period was boosted by a number of factors, such as the renewal of the Tabcorp agreement that in turn led to extended betting hours and increased coverage.
Other factors cited by GBI include ongoing improvement in the Israeli market, in addition to growth within South Africa, Turkey and the US.
GBI chairman Richard Brooke said: “GBI Racing has invested in extra resources this year and enjoyed closer working relationships with each territory.
“New features, such as on-screen Tote prices and Timeform graphics, have increased customer engagement and betting.
“Forty-eight-hour declarations remain absolutely pivotal as they allow overseas racing jurisdictions time to print and market racecards, and therefore provide extended betting opportunities.
“As we look to increase further the overseas revenues for British racing, we will continue to work closely with our stakeholders on field sizes and race timings.”
