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Ladbrokes pledges financial support to save Tasmanian racing

Last updated: 10 Jun 2020
Bets.com.au Staff 10 Jun 2020
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  • The online bookmaker has doubled down in its support for Tassie racing
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Ladbrokes has pledged to support Tasmanian racing (Getty Images)

Ladbrokes pledges financial support to save Tasmanian racing

Online bookmaker Ladbrokes has doubled down on its commitment to Tasmanian racing after announcing it will pledge an additional $150,000 to the struggling state.

In a massive boost for the industry, the funding from the bookie will go directly to benefiting participants across the Tasmania as it prepares to return to racing this Sunday.

The COVID-19 forced shutdown of racing in Tasmania has seen 11 thoroughbred meetings, 20 harness meetings, and 31 greyhound meetings removed from the calendar, but supported by a range of stringent bio-security measure, racing returns on June 14 with a thoroughbred meeting at Ladbrokes Racing Centre Mowbray.

Ladbrokes will then throw its weight behind a harness meeting at Ladbrokes Park Elwick that evening and then a greyhound meeting back at Mowbray on the evening of Monday, 15 June.

The bookie has also has committed an additional $150,000 in funding to help the industry get back on its feet and support those participants who have battled through the COVID-19 period.

Ladbrokes is set to fund a cash bonus to every runner at each of the relaunch meetings this Sunday and Monday via the "Ladbrokes Fast Start Bonus" with $300 for every thoroughbred starter, $200 for each harness starter and $100 for every greyhound.

In addition, the “Ladbrokes Racing’s Back Boost” will see every race in Tasmania from June 14th to June 25th carry additional prizemoney, with every cent going straight into the pockets of hardworking participants across all three codes.

Across the eligible period every winner of a thoroughbred race will pocket an extra $2500 in prizemoney, while an additional $850 will be paid to every harness race winner and an extra $350 to every greyhound winner.

Ladbrokes CEO Dean Shannon said that the bookmaker is "extremely committed" to making sure Tasmanian racing lands back on its feet.

“The strength and resilience participants have shown during an incredibly stressful period must be admired," Shannon said.

"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 naming rights partnership with Ladbrokes for the state’s racetracks, carnivals, major race days and digital products 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.”

How Ladbrokes Tasmanian funding works

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

Two x thoroughbred meetings (June 14 & 21)

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

  • $850 extra payable to EVERY winner for all races during this period.
  • 25 races = ($21,250)
  • Six x Greyhound meetings (June 15,16,18,22,23&25)
  • $350 payable to EVERY winner of all races during this period.
  • 60 races = ($21,000)

Estimated Total: $92,250

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