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Newbury Racecourse on track for a successful 2015




Attendance and turnover on the up

ATTENDANCE, turnover and the number of homes at Newbury Racecourse are on the up.

The number of people attending racedays in the first six months of 2015 was 73,774, an increase of 5,470 (eight per cent) on the same period in 2014. The Racecourse said that this was partly due to the additional raceday held in March.

More than 13,000 attended the Al Shaqab Lockinge Day in May, while 14,000 attended the Party in the Paddock event featuring DJ Fresh and Danny Howard. Madness’ performance last month pulled in 20,995, the highest crowd number since 2012.

The added numbers saw turnover increase by 13 per cent, to £5.49m (2014: £4.86m), while operating losses were reduced significantly to £0.16m for the six month period (2014: £0.45m loss).

Meanwhile, more than 360 of the 1,500 homes being built on the site have now been occupied, with 11 homes left to be sold in the western area of the course.

The new bridge linking the course to Hambridge Lane is expected to be open in time for the Hennessy Gold Cup at the end of November.

The figures were reported in the Racecourse’s half-year results for the six months ended June 2015.

The chairman of Newbury Racecourse plc, Dominic Burke, said: “The positive growth and improved underlying financial performance which we reported in 2014 has continued in the first six months of 2015.

“We played host to some top class racing in the first half of the year. In May, we hosted Al Shaqab Lockinge Day, the richest race meeting in Newbury’s history.

“We are delighted with the tremendous progress which has been made so far this year on the racecourse infrastructure improvements.

“There has been positive feedback from all sectors of our customer base about the improved look and feel of the whole site and our plans for the future.

“Much hard work remains to be delivered by the Newbury team, but we have no doubt that we are heading firmly in the right direction.

“In light of the improved trading performance and the significant progress being made to the infrastructure and the development of the racecourse, the board has every confidence in the financial outturn for 2015 and beyond.”



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