Outbreak Horse Flu Costs British Bookmakers Many Millions

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Outbreak Horse flu costs British bookmakers many Millions. An outbreak of horse flu in the UK costs bookmakers tens of millions of pounds. British horse races have been postponed until at least half next week.

 

If the horse flu continues, the financial outcomes for the bookmakers can go even further, fears the British gambling office Betfair.

“If it takes longer, as was the case in the outbreak of foot-and-mouth disease in 2001,

 we are addressing hundreds of millions for the entire industry,” said a Betfair spokesperson.

In 2001 the prestigious equestrian event Cheltenham Festival was cancelled.

In the meantime, it is likely to bet on bookmakers about the duration of the postponement of the races.

The postponement of the races was announced on Thursday by the British Horseracing Authority.

The shares of gambling companies Paddy Power Betfair, GVC and Wiliam Hill yielded between 2 and 4 percent.

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