There has been a massive stand-off between one of the biggest Horse Race broadcaster/Racecourse owners in the United Kingdom, and massive bookmakers Ladbrokes Coral. In recent weeks an agreement has finally been made between the two parties. Which hopefully means the public will now be able to watch all of the Horse Races without any blackouts! Since the start of 2017 this has been an ongoing battle. There were six ARC courses that switched to a new channel TRP and a further 13 would make the same switch at the start of 2018.
Bookmakers obviously had to sign up for this new channel, William Hill and PaddyPower both did. Although Ladbrokes Coral and a few other betting companies didn’t. When they realized that they’d not signed up they had to find other ways to deliver the results to their customers. This is what actually started the conflict and prompted the new channel TRP to issue legal proceeding against them.
Not too long after Ladbrokes were ordered to close all of their shops on the Six Arc tracks that were involved as the dispute continued. Ladbrokes Coral did, in fact, admit that they were no longer licensed to provide online streaming of races from Arc tracks. Thankfully on Thursday a deal was made between the two parties. The racing Partnership agreed a five-year deal which means that Ladbrokes can again show all of the Horse races from TRP.
The Chief executive of Arc Martin Cruddace said “We are delighted to have agreed this deal with Ladbrokes Coral. It is testament to the symbiotic nature of racing and betting that we have been able to agree a deal based on sound commercial principles for both parties. I’m very grateful for the patience and support of my shareholders. We look forward to working with everyone at Ladbrokes Coral as we move into a new era of collaboration and co-operation.”
Jim Mullen the Coral Chief executive also had his say on the matter; “We are pleased to have struck a deal with The Racing Partnership that gives us a joint incentive to grow the sport. Horseracing is part of our heritage and despite the vast choice of sports to bet on in the modern era it remains a core product for our business, so it’s a positive development that once again all our customers, in shops and online, can enjoy a full range of horse racing action.”
We are happy that the two companies have managed to work out this dispute as it means customers can again watch the racing live without any hassle (or blackouts). Thank you for reading and if you want to find some of the best special offers and news from around the gambling world make sure you check out some of our other articles!