Rumours have been rife in recent months and this article confirms it, IASBet, the Australian corporate bookmaking operation headed by Mark Read, is up for sale. Read must be about 60 now and probably feels the time is right to sit back and enjoy his money rather than stressing about the demands of shareholders. Ever since floating back in 1999 at $2, it's been a pretty lame stock, most recently trading around the 30c mark. He hopes to sell for $1 a share which is pretty ambitious in the current climate. I started my career in the betting industry and still own a small lump of shares. I'd be happy to get any more than the two cases of beer it has been worth for the past five years!
The European flat racing season comes to its natural conclusion in this messed up hell of a year. The queen of the turf, Enable, goes for an historic third win but it has been wet and cold all week in Paris, making it a tough old slog in deep ground. There won't be much of a crowd there to 'bring the house down' if she wins, in front of no more than 1000 paying spectators, but the racing world will be tuning in across the globe. =============================================== Prix de L'Arc de Triomphe ParisLongchamp, 1605 local, 1505 BST, 0005 Monday Sydney time. 2400m, Group 1 Weight-for-Age, (no geldings) Approx €3m. Expected Going - Heavy. 1.Persian King - 4yo, Kingman/Pretty Please - Andre Fabre - Pierre Charles Boudot Star French colt stepping up to a mile and a half for the first time. Won the French 2000 Guineas (Poulains) on heavy ground but ran fourth (only time in his career finishing worse than second) in the Jacques Le Marois, almost nine lengt