The amendment means that trotting is now included in legislation which covers the industry so that funds generated by the Provincial Fund of Gaming can be used to raise additional funds for racetracks in the province of Buenos Aires.
Britos said that horse race trotting in the province currently makes up more than 50 per cent of horse race betting throughout Argentina and that the amendment could lead to a resurgence in the industry.
"There are five racetracks in operation and before this change they did not have any type of state support, apart from in some cases from the municipalities where they are located which collaborated in some form or another,” Britos said.
The new law will lead to more jobs in a wide variety of sectors. "We hope that all these people who were excluded when the horse racing bill was dealt with can be incorporated with the modification. Today they can benefit from the Gaming Fund, which allocates a percentage of all bets from official betting agencies” Britos said.
Off track betting for the races carried out in the racetracks in the province are available at 55 points of sale while there are 8 points of sale in the capital and
Source: GMB / G3 Newswire
