PROFITS TOO HEAVY!
It is unusual to .read of a race club making a move towards reducing its profits, but "The Blood Horse' says Santa Anita is taking that step. , , Under California racing law, tracks are allowed 8 per cent, of the totalisator percentage and "broken.money" up to 5d (in addition to 4 per cent, which goes to the State). After its prosperous first season officials at Santa Anita Park voluntarily reduced their share to 6 per cent. Recently it was announced that a second cut to 4 per cent, is planned. The date' on which this reduction is to take place was not stated. Presumably it will be effective after Santa Anita Park has completed certain improvements, which will cos<about £200,000.
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Evening Post, Volume CXXIII, Issue 130, 3 June 1937, Page 13
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122PROFITS TOO HEAVY! Evening Post, Volume CXXIII, Issue 130, 3 June 1937, Page 13
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