Racecourse Media Group and Sports Information Services have extended their partnership by a further three years. This partnership encompasses the distribution and transmission of audio-visual and data from British racecourses to licensed betting offices across the UK and Ireland.
Martin Stevenson, chief executive officer of RMG, said, “We are delighted to continue our partnership with SIS for a further three years. LBO revenue remains an extremely significant media rights income source for RMG's racecourses. This deal will further increase the value of LBO rights by invigorating betting turnover via first-rate production and presentation of horseracing for the LBO audience. We look forward to working with SIS on new and innovative ways in which the quality content from our racecourses can be produced and presented, including the introduction of in-play betting on racing in betting shops. This deal guarantees quality, core content for bookmakers in UK and Ireland until 2026, while ensuring there is minimal 'leakage' from the sport, in line with RMG's ethos of returning its profits to the sport. We are very grateful to all the parties who expressed an interest with a range of compelling offers.”
Richard Ames, chief executive of SIS, added, “SIS is very pleased to extend the relationship we hold with RMG and are confident that this agreement will continue to deliver excellent value for racecourses and bookmakers with a collaborative approach to growing the value of horseracing. Winning this extension in a competitive situation is testament to the good work and excellent relationship that has been fostered between the companies over the last three years. I look forward to RMG's premium racing content being the cornerstone of SIS' racing services for many years to come.”
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