Ivan Yates said punters can expect lower betting costs in due course, after the dispute between 59 Irish bookmakers and the British Horseracing Board was settled yesterday on the basis of the termination of the license agreements.
Yates, a former Irish Government Minister who owns 34 betting shops, said the license agreements cost the Irish bookmakers €18m a year, whilst now the betting shops will pass on the savings to the punters.
The Irish bookies, which will be able to use the BHB\’s pre-race data until January 9 2006, hope to reach an agreement with SIS as an alternative information service.
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