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British bookies` offer rejected

Hopes that a last ditch deal to enable British betting shop customers to watch the action from all Britain`s 59 racecourse were dashed today when the Racecourse Association unanimously rejected the latest offer from bookmakers of Stg£3,500 per race for the rights to live pictures.

Tonight`s midnight deadline will pass without agreement between 49 British courses and the layers. This means that only the races at the 10 courses signed up to a separate deal with GG Media together with races shown on terrestrial television and from overseas will be shown in betting shops.

Last week the RCA reduced its asking price by Stg£1,000 from its original figure of Stg£5,000 per shop which would yield them approximately Stg£35m per annum.

The bookmakers` offer which was hedged with other conditions would result in an annual income of less than Stg£20m which the 49 courses found unacceptable.