Arena Racing Company Warns Staff Of Redundancies

Arena Racing Company Warns Staff Of Redundancies

Arena Racing Company (ARC) has advised bookmakers that they are likely to lose members of staff, as a result of the imminent cuts caused by the government's decision to clamp down on Fixed Odds Betting Terminals (FOBTs).

Arc is anticipating 1,000 betting shop closures by the end of the year, meaning several jobs are at risk after the settlement from parliament saw a reduction in FOBT stakes, from £100 to £2 from April 1st, lowering overall profits.

The well-known organisation also announced back in December that it would be reducing its contribution to prize-money by £3 million - a reduction that comes into force next week.

(Credit: Racing Post) Arc Chief Executive Martin Cruddace said then: "It was not a decision everyone has taken lightly.

"However, the racecourse group, which operates 16 tracks and is due to stage 570 meetings in 2019, simply cannot continue to maintain its current levels of contributions to prize-money," he said.

Arc employs 650 permanent staff, with 3,500 casual staff for racing and events across those 16 courses Cruddace mentioned, which includes the likes of Lingfield, Chepstow, and Doncaster.

The Jockey Club has responded themselves and come out since promising to maintain its own contribution to prize-money for this year, despite settling for what will be a "multi-million pound reduction" in income from media rights in future seasons.

It will also be the first time in a decade they have been unable to increase their regular input from the previous year.

Jobs are the concern though, and it is understood Arc's staff have been informed of the company's position this week.

It is believed voluntary redundancy packages will be made available, but Arc's workforce were warned compulsory job losses were very likely.

It is not yet known how many, or where the cuts will be made.

Free Bets & Offers


🔸 BET £10 ON TODAYS RACING & GET £30 FREE BETS + £10 CASINO BONUS! 🔸
Min deposit £/€/$10 • A qualifying bet is a ‘real money’ stake of at least £/€/$10 • Min odds 1/2 (1.50) • Free Bets credited upon qualifying bet settlement and expire after 7 days • Free Bet stakes not included in returns • Casino Bonus must be claimed within 7 days • To withdraw bonus/related wins, wager the bonus amount 40 times within 14 days • Casino Bonus expires after 60 days • Withdrawal restrictions, payment methods, country & Full T&C’s apply
Claim Bonus
🔥 ✅ BET £10 & GET £60 IN FREE BETS! ✅ 🔥
New UK customers only. Register using the promo code BETFRED60, deposit and place first bet of £10+ on Sports (cumulative Evens+). First bet must be on Sports. £20 in Free Bets to be used on Sports, £10 in Free Bets to be used on Lotto and 50 Free Spins (20p per spin) credited within 48 hours of bet settlement. Further £20 in Free Bets credited 5 days after settlement. Bonuses have a 7-day expiry. Payment restrictions apply. SMS verification and/or Proof of I.D and address may be required. Full T&Cs apply.
Claim Bonus
🚀 £20 IN FREE BETS WHEN YOU PLACE A £5 BET 🚀
New customers only. First single & e/w bet only. Odds of 1/1 or greater. 2 x £10 bet tokens. Free bet stakes not included in returns. Free bets exclude virtuals. Free bets are non withdrawable. No free bet expiry. Eligibility restrictions. Further t&cs apply. 18+. Begambleaware.org
Claim Bonus
🏇🏼 BET £10 ON ANY RACE TODAY & GET £40 IN FREE BETS! 🏇🏼
Sign-up via Mobile using promo code N40 and place a bet of £10/€10 or more and we will give you 4x £10/€10 free bets. By entering the Promo code in the box above you agree to the full terms and conditions of this promotion as displayed below. See full terms below.
Claim Bonus
⚽️ UP TO £50 MONEY BACK AS CASH IF ANY OF YOUR FIRST 5X £10 FOOTBALL BETS LOSE ⚽️
Place 5x£10 Single Sportsbook bets on any Football market at minimum odds of 2.0 (Evs) between the 18th and 31st January, and get money back as Cash if it loses. Max refund per qualifying bet is £10 (up to £50 in total). Only deposits made via Cards will be eligible for the promotion. T&Cs apply. 18+.
Claim Bonus
🔴 BET £10 & GET £30 IN FREE BETS! ⚫️
New customers only. Place a £10 fixed odds bet min odds 1/2, 2 x £10 free bets & 2x free spread bets. Free bets awarded on consecutive days. Full t&c’s apply.
Claim Bonus

🏆 Money Back as CASH up to £20 if your first bet loses! 🏆
New customers only. Place your FIRST bet on any Football market and if it loses we will refund your stake in CASH. Max refund for this offer is £20. Only deposits made using cards will qualify for this promotion. T&Cs apply.
Claim Bonus
🔥 BET £10 ON ANY SPORT & GET £20 IN FREE BETS 🔥
18+, Welcome Bonus: New Players only, 1st Deposit, Min Deposit,: £10, max £20 free bets valid for 14 days, bets must be placed at odds of 1/1 or greater and be settled within 14 days of placement. begambleaware.org.
Claim Bonus
✅ BET £20 AND GET YOUR MONEY BACK IN CASH IF IT LOSES! ✅
New customers only. Deposit £20 using Debit Card or Trustly. Up to your first £20 of losses will be refunded as CASH within 24 hours of qualifying bet having been settled. T&Cs apply.
Claim Bonus
🟢 Bet £10 & Get £50 in free bets! 🟡
Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of qualifying bets. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.
Claim Bonus
GET A £30 MATCHED FREE BET IF YOUR FIRST FOOTBALL ACCA LOSES!!!! 🙌🙌🙌
New UK customers only. Min Deposit: £5. Maximum Free Bet: £30. First bet on a Football multiple with 3+ selections. Overall odds: 3.00 (2/1) or higher. Free Bets available upon settlement of the qualifying bet. Debit card deposits only. This is offer is valid for 7 days from your new account being registered. 18+ BeGambleAware.org Full terms apply.
Claim Bonus
🌟 Bet £5 & get £30 in bonuses! 🌟
18+ New customers only. Opt in, bet £5 at odds 2.00+ within 7 days of registering, no cashout. Get 2x £10 Free Bets, set events at odds 2.00+. Plus £10 Game Show Bonus, selected games, wager 40x to withdraw max £250. 7 day bonus expiry. Card payments only. T&Cs apply. begambleaware.org | Please gamble responsibly
Claim Bonus
🤩 BET £10 AT MANSION BET AND GET A £10 FREE BET 🤩
New customers only. Min deposit and bet £10 (£20 if E/W bet) from UK debit card only. Min odds evens (1/5 per leg in multi selection). £10 Free Bet vaild for 7 days, stake not returned, no Cash Out, max winnings £5k. T&C’s apply. 18+.
Claim Bonus