Alastair Warwick

Ascot Racecourse is set to return record prize-money of £17.5 million to the sport in 2024, having announced on Monday its financial results for the 12 months ended December 31, 2023. Turnover for that period rose by 9% to £110.9 million, with a pre-tax profit of £5.9 million--up from £3.4 million in 2022. The 2023 business summary highlighted several other points of interest: Gross profit percentage fell from 34.5% to 33.8%, reflecting increased costs and general inflationary economic conditions. Profit before tax increased by £2.5 million but EBITDA (Earnings Before...

Six winners across the week saw Coolmore, Aidan O'Brien and Ryan Moore sweep the leading owner, trainer and jockey titles at Royal Ascot for a second successive year. O'Brien received a thirteenth leading trainer award at Royal Ascot and increased his lead as the most successful current trainer at the meeting, ending the week on 91 career victories. Moore, crowned leading jockey at the meeting for an eleventh time, surpassed Frankie Dettori as the most successful current jockey at Royal Ascot. His career haul of 85 places him second on...

A five-year agreement aimed at strengthening and growing pool betting in the UK was signed by Ascot Racecourse and the Tote on Thursday. Beginning on Jan. 1, 2024, the agreement ensures all pool bets placed on racing from Ascot Racecourse will continue to support liquidity in the UK pool which has been operated by the UK Tote Group since October 2019. The "Bet with Ascot" brand is included under this umbrella of bets as long as the bets are placed on the Tote website, through bookmakers and third-party partners on...

Edited Press Release The turnover at Ascot Racecourse exceeded £100 million for the first time with a strong recovery from COVID-19 last season. The return to profit will allow for record prize money of £17 million set to be returned to the sport in 2023 and a voluntary increased loan repayment will help reduce debt ahead of schedule. The 2022 business summary highlighted several points of improvement: A return to profit with a pre-tax profit of £3.4m after two difficult years of COVID-19 restrictions. This compares to a pre-COVID profit...

Alastair Warwick has been appointed chief executive officer of Ascot Racecourse, having previously held the position of managing director and acting chief executive. "I am delighted that Alastair has accepted the position of chief executive on a permanent basis," said Sir Francis Brooke, His Majesty's representative at Ascot. "Over the last 15 years, he has gained the leadership and strategic skills needed for this multifaceted role. He has also played a key part in developing an excellent senior management team. "Alastair has a deep knowledge of Ascot and the racing industry....