THE BOOKMAKER PROFITABLE.
TO RACING CLUBS. (By Telesrapn.—Special Correspondent.) Auckland, August 2. According to a statement mado by tho president of tho Auckland Racing Club (the Hon. E. Mitchelson) to Sir Joseph Ward yesterday, the club will loso considerably in revenue through the abolition of tho bookmakers. Last year, ho said, the club received .£9691) in bookmakers' fees, which was equal to tho revenue that would be derived from putting .£130,000 through the totalisator. The largest amount that tho club hud ever put through the machine in any one year, he stated, was J2lb',ooo, and this would mean, thereiom, that it would have to pass .£346,000 through tho machine .to compensate for tho revenue'that would be lost by the abolition of the bookmakers. Ho did not think that it wonld be possible for this to I)O done on the conrse, and it was therefore patent, he -urged, that it was not through any mercenary motive that the bookmaker was not 'regarded with favoui by tho olub.
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Dominion, Volume 3, Issue 885, 3 August 1910, Page 5
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166THE BOOKMAKER PROFITABLE. Dominion, Volume 3, Issue 885, 3 August 1910, Page 5
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