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Racecourse Media Group Expands Into India

Cards from Racecourse Media Group's 34 British racecourses and 26 Irish racecourses will now be available to bettors in India through a new agreement between RMG and the Royal Calcutta Turf Club (RCTC). RMG's partnership with SIS makes the wagering possible, and content will be shown live for pari-mutuel (tote) betting and can be accessed via www.betindiaraces.com for mobile and web users.

Harish Ramchandani, Steward at the Royal Calcutta Turf Club, said, “The Royal Calcutta Turf Club, one of the oldest race clubs in the world, is delighted to work with Racecourse Media Group in bringing horse racing from British and Irish racecourses onto the online wagering platform www.betindiaraces.com via our technology partner Sportswin Software.

“Indian horseracing enthusiasts are appreciative of high-quality international racing for wagering and live viewing, at their fingertips and while on the go. Racing is a very popular sport the world over and we look forward to growing its audience in India.”

Ian Houghton, Director of International at RMG, said, “With many of the real highlights of the Flat season taking place in UK and Ireland, it's a great time to launch, plus it dovetails well with the Indian racing season, which starts again now.

“Initial turnover levels are encouraging, and we are looking forward to working closely with Royal Calcutta Turf Club to help build awareness and understanding of UK and Irish racing.”

Joe Andrews, Digital Sales Manager at SIS, said, “We're delighted to be bringing top-quality British and Irish horse racing to more bettors in India.”

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RMG Renews Media Rights Agreement With British Courses

Racecourse Media Group (RMG) has agreed to five-year licence extensions for audio-visual and data rights for its British racecourses, the company announced on Thursday. A total of 35 UK racecourses have their LBO rights renewed, and 33 UK racecourses were renewed for all other aspects of their media rights, including streaming (watch & bet), direct to home (DTH), terrestrial TV and international betting and non-betting through Dec. 31, 2028.

Owned in its entirety by racecourse shareholders, RMG pays 100% of operating profit back to racecourses, and as a result, it is the biggest single funder of British horseracing. In RMG's portfolio are events like the Randox Grand National Festival, Cheltenham Festival, Cazoo Derby Festival, Qatar Sussex S. and the Juddmonte International S., all of which will remain there until at least 2029. In addition, RMG added all 26 Irish racecourses to its coverage in 2019, which are brodcast live on RMG's channel, Racing TV. For a full list of courses in RMG's portfolio, please visit www.racecoursemediagroup.com.

Roger Lewis, Chairman of RMG, said, “This is a pivotal moment for British racing. The RMG Racecourses, with a unity of purpose, have created business clarity and confidence for years to come. The RMG Board pays particular tribute to the outstanding leadership of the RMG CEO, Martin Stevenson, who together with his great team of RMG executives navigated this complex and detailed process with rigour, patience and clear focus.”

Added Martin Stevenson, CEO of RMG, “It is a matter of great pride that racecourses have placed their rights in RMG's hands again. RMG has a superb team, who, from the production to the commercial offices, are committed to ensuring first-class output and long-term sustainable growth for our racecourses.

“This will be achieved by continuing to create innovative and different ways of bringing the sport to life and showcasing it to our broad range of audiences. This is also made possible by our much-valued media, technical, broadcast, commercial and bookmaking partners, and, of course, the owners, trainers, breeders, jockeys and stable staff. We look forward to continuing to work with Newbury on the remaining period of their term until 2024 and we wish them well thereafter.”

Nevin Truesdale, Chief Executive of The Jockey Club, which runs 15 UK racecourses, said, “RMG has consistently delivered significant value from media and data rights over a 17-year period and unlocked revenue streams in the betting space far more than any other sport. More recently, the income RMG has delivered to all its shareholder racecourses has been vital through the very difficult pandemic period without spectators and other on-course revenues.”

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Richard FitzGerald Ending Tenure as RMG CEO

Racecourse Media Group Chief Executive Richard FitzGerald will leave his position after a 12-year run. FitzGerald will slowly step down over a six-week period, with RMG Finance Director Martin Stevenson becoming acting CEO. RMG, which holds the media and data rights for 34 British tracks, has enjoyed a profitable run under FitzGerald, as his tenure included the deal for ITV to provide terrestrial coverage (through 2023) and Racing UK becoming Racing TV, with Irish rights also secured.

“It has been a fabulous and rewarding 12 years working for RMG,” said FitzGerald in a statement. “The business has flourished and delivered on the vision of the founding shareholders around a collective approach to commercialising their media and data rights.

“There is never a good time to step down but with resumption of racing, the new Watch & Bet deals, the terrestrial TV renewal and launch in Italy of fixed odds, and a new cycle of renewals starting shortly, it seems the right time to step down.

“It has been a great journey and I have enjoyed working with a strong, capable, committed and stable team to deliver the results we have been able to achieve consistently over the last decade.”

Added RMG Chairman Roger Lewis, “”On behalf of the board of RMG, I thank Richard for his exceptional leadership of the RMG team for almost 12 years. During this period RMG has produced great returns for our racecourses, generating over £800m of licence fees during his tenure of office.

“The recent renewal of the RMG contract with ITV until 2023, the successful launch of our new Watch & Bet Service in June, and ensuring RMG is fully operational following the COVID-19 outbreak and so generating significant revenues for our racecourses, has created the right moment for Richard to announce his decision to step down.

“The achievements of RMG, which have driven its financial performance with Richard as CEO are significant, and include a ground-breaking data licensing and production service, an innovative LBO deal with SIS, the securing of the rights to Irish racing, the rebrand and launch of Racing TV, enhancing its HD service, and the expansion of RMG opportunities across the world. Richard leaves RMG with our sincerest thanks and best wishes for having delivered an outstanding performance over a considerable period of time.”

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