Sky Racing World, the US-based distributor of international horseracing content to the Americas and a subsidiary of Australian wagering operator Tabcorp, has posted record financial results for the 12 months to June 30.
The exclusive supplier of Australasian racing content to North America, Sky Racing World has expanded its offering in the last year to include both South African and Argentinian races, in addition to its long-standing Australian and New Zealand coverage.
Turnover was up 13 per cent year on year, to US$215m turnover. Notable events included the Sydney Racing Carnival, where the brand saw its strongest turnover day and generated $1.4m on April 1, the second day of the championships.
“We are extremely pleased about the growth we’ve experience this year,” said David Haslett, president and CEO of Sky Racing World.
“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.”
Sky Racing World’s New Zealand racing products also generated significant results with a 42 per cent year-over-year increase. In the last year, the company also began offering South African racing, which generated a strong turnover performance, peaking at the recent Durban July meeting.
“This year was a very successful one for both our New Zealand and South African Racing products,” said Haslett. “These two markets showed substantial growth and we look forward to further pursuing these opportunities throughout the upcoming financial year.”
