TOTALISATOR INVESTMENT.
ME G. G. STEAD ACCOUNTS FOE DECEEASE.
(Per Press Association.)
Ohristohuroh, Inst night. Mr Geo, G. Stood, in roforring nt tlio annual mooting of tbo C.J.O. to-day to the shrinkage of £1636 in respect to tlio totalisator returns, said it confirmed tho statement that tho longer tho rnaohiuo was in use in tho district tho loss was tho amount risked or invostod per annual investor on a single race. Owing to the meohino only doing a cash business gamblers found it did not give them .sufficient scope and tlioy turned to tho bookmakers, with whom they oould bet largo sums on ore Jit. Tho machine had served to rostriot heavy betting and the weight for uge and ppooial weight races encouragod by the club wero not conducive to tho totalisator investments.
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Bibliographic details
Gisborne Times, Volume XVIII, Issue 1470, 2 June 1905, Page 3
Word Count
133TOTALISATOR INVESTMENT. Gisborne Times, Volume XVIII, Issue 1470, 2 June 1905, Page 3
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