Tasmanian racing given financial boost by Ladbrokes

Tasmanian racing is set to return from a 10-week shutdown on the weekend and online bookmaker Ladbrokes is backing the return with a financial boost that will be spread across all participants of the industry.

Ladbrokes, which is the official wagering partner of Tasracing, has committed an additional $150,000 in funding to help the thoroughbred, harness and greyhound industries get back on its feet following the shutdown.

Ladbrokes will fund a cash bonus to every runner at each of the relaunch meetings this Sunday and Monday with $300 for every thoroughbred starter, $200 for each harness starter and $100 for every greyhound.

Ladbrokes CEO Dean Shannon said he was confident that the industry would recover quickly from the industry shutdown in the state.

“We are extremely committed to our partnership with Tasracing and we are delighted to see racing in Tasmania making its long-awaited return this weekend,” Shannon said.

“The strength and resilience participants have shown during an incredibly stressful period must be admired and we are pleased to be able to give back to those participants through the Ladbrokes Racing’s Back Boost and the Ladbrokes Fast Start Bonus.

“We are confident that Racing in Tasmania will quickly rebound from this shutdown and we are looking forward to what shapes as an excellent weekend of racing.”

Tasracing CEO Paul Eriksson said the partnership with Ladbrokes was of critical importance to the industry.

“The fact that Ladbrokes has stood by Tasracing and the state’s racing participants, and is now providing additional support as we restart racing, speaks volumes about the company and the high regard in which it holds our relationship,”he said.

“Like Ladbrokes, we are confident that the industry will bounce back quickly when we resume at the weekend.

“The additional support provided by Ladbrokes will mean additional prizemoney initially will boost that process.”

Breakdown of the Ladbrokes funding:

Ladbrokes Fast Start Bonus 

Paid on first meeting back for each code.

1. Thoroughbreds $300 per runner at Ladbrokes Racing Centre Mowbray on Sunday
2. Harness $200 per runner at Ladbrokes Park Elwick on Sunday evening
3. Greyhounds $100 per runner Ladbrokes Racing Centre Mowbray on Monday

Estimated Total: $58,000

Ladbrokes Racing’s Back Boost 

Prizemoney boost for every race in Tasmania from June 14 to June 25

1. Two x thoroughbred meetings (June 14 & 21)

1. $2500 extra payable to EVERY winner for all races during this period.
2. 20 Races ($50,000)
3. Three x Harness meetings (June 14, 19 & 21)

1. $850 extra payable to EVERY winner for all races during this period.
2. 25 races = ($21,250)
3. Six x Greyhound meetings (June 15,16,18,22,23&25)

1. $350 payable to EVERY winner of all races during this period.
2. 60 races = ($21,000)

Estimated Total: $92,250