CAPE RACING LAUNCHES NEW INCENTIVE SCHEME – RACECAPE powered by Hollywoodbets

“This has been top of the agenda since day one of taking on the role and it is a testament to the team at Cape Racing that we have managed to confirm the roll out of this programme in just two weeks. The RaceCape incentive scheme should have an immediate effect on field sizes and will encourage more regular running of horses. More importantly, however, is the longer-term effect on the general horse population. This, combined with planned increased stakes levels, will positively impact the economics of ownership in the Western Cape. Furthermore, this programme will provide meaningful cash flow benefits to our trainers. “It is top of our priority list to stop the loss of lower rated horses from the province, and we believe that these two mechanisms will be a major positive in that battle. Focus on growth of our smaller stables is paramount to our plans going forward and I believe that this will be a major lift for them. The owners’ part of the appearance fee will be paid directly to the trainer, who will in turn credit the owners’ account in the form of a rebate. This will materially improve cash flow for the smaller yards. The industry, particularly in the Cape has seen the departure of too many smaller trainers. This trend needs to be arrested. The generous bonuses and subsidies on offer for raiding trainers are designed to entice more visitors to the Western Cape, which will have a resultant impact on field sizes. “I would like to thank Hollywoodbets for their sponsorship of this programme. They are securing the future of the sport with their backing of the industry on so many levels and it isa privilege to have their name associated with this initiative.”