Horseracing in KwaZulu-Natal took the next step to the dawn of a new era with the publication of a revitalised racing programme and the news of the introduction of incentives and stakes adjustments that will align the province with the status quo in the Cape.
The introduction of the new-look programme and policies on the East Coast comes into play as a result of the proposed acquisition of Gold Circle by the Hollywood Sportsbook Holdings group, which now hinges on the required approval of the KZN Economic Regulatory Authority (KZNERA).
Whilst the outstanding approval of the KZNERA is critical to the transaction, and will be the final step in transferring ownership, Hollywoodbets and its appointed Chairman Designate of Gold Circle, Greg Bortz are in management and strategic decisions during the interim period, with Hollywoodbets investing funds at its own risk to ensure the continuity of horse racing in KZN, and the survival of Gold Circle.
Subject to the fulfilment of other outstanding conditions precedent, the deal effectively unlocks a R500 million rescue injection from Hollywoodbets, and a takeover of the sport in the holiday province, which is set to include track upgrades and other infrastructural and operational initiatives.
The new KZN programme covers the period January 1 to February 28, 2025 and introduces the stakes-boosted class racing structure to the province, while unveiling financial incentives via the RaceCoast incentive scheme with the ultimate aim of improving racehorse ownership in KZN and achieving enhanced field sizes with the knock-on vital lifeblood of increased betting turnovers.
Down South, the RaceCape incentive programme has proven a winner and has underscored the unprecedented turnaround in Cape horseracing by providing further opportunities for the local racing community and increased employment prospects for grooms and work riders, as well as raising the bar for all related and ancillary horse racing services.
“We are very excited about future plans for KZN racing,” Cape Racing Executive: Racing & Bloodstock Justin Vermaak told the Sporting Post on Thursday, as he outlined broad plans to revolutionise the appeal of the sport across the board for all stakeholders in KZN.
“We need to provide owners and trainers with an even and attractive playing field that makes them want to race. Stakes and rewards need to be meaningful. That ultimately leads to better field sizes, more exciting racing, and improved betting turnovers. Punters are key to the success of the process. We are implementing a first world reform in terms of transparency when it comes to information. Items like horse weights, for example, will be published. They are, after all, a form assessment tool. Horses working at our training centres and tracks will all have easily identifiable bar-coded saddle-cloths. So, there are no secrets. If Oriental Charm or One Stripe is on track, the public will share in it,” added Vermaak, who confirmed that barrier draws after acceptance was another operational change which would be implemented on January 1, 2025.
Veteran KZN trainer Garth Puller, who attended a recent stakeholder’s meeting at Summerveld hosted by Greg Bortz, Justin Vermaak, Gold Circle and Hollywoodbets officials, enthused that he was thrilled by the news of the takeover by business-minded racing people who were brave and bold enough to step in and turn the ship around.
“This has come very late for me at my age, but it’s a life changer and the future is brighter than it was yesterday,” reflected a delighted Puller as he told the Sporting Post that the adjusted stakes and ‘very welcome’ incentives would boost cash-flows; while also making it so much easier to help him and his colleagues market the basic ownership product.
“And we are getting draws after acceptances. Wonderful! I was calling for that 25 years ago at Hollywoodbets Durbanville. Bigger fields mean a faster pace, means better form, means better truer results. It’s an ecosystem of positivity. It all feeds on itself,” added the horseman who is never scared to pass an opinion.
Puller said the repair of the Polytrack at Hollywoodbets Greyville was ‘definitely quite overdue and welcome news’.
“That’s our stage. The track must be safe for horse and rider, be true and competitive, and have credibility with all role-players. That’s not a negotiable.”
On the ‘abolition’ of the committee structure to facilitate decision making and policy, Puller said that he was so pleased to hear that all reasonable suggestions will be considered by management.
“Wonderful! So, there are no more long-winded committees to hide behind and to dither over. How refreshing. I believe every stakeholder in this sport in KZN needs to doff a cap to Hollywoodbets and Mr Bortz. This investment and takeover are a brave move. But we know that with the passion for horse racing of the local population in this province, we can make it work. And by putting the structures in place they are making sure we have no excuses. Let’s look forward and get on with rebuilding KZN racing. I am absolutely thrilled. This is good news,” he concluded.