CLOSE RACE TRACK

Cesena, December 10, 2011 - nobody really believes Savio racecourse in the closure hypothesis in twenty days, but no one is clear, the president of Thomas Fats Hippogroup Cesena to the Director General Mark Swifts, which was also yesterday in Rome, to those who guards the entrance to the stables. Two days ago the Combine, the body that oversees the management of horseracing Italian, destined to be replaced from 1 January by Aces (Agency for the Development of the Horse Industry), a direct emanation of Ministaro of Agriculture, announced the proposal for a 'cut' of 40 per cent of the prize of harness racing for the year 2012, after that in 2011 there was a reduction of 7-8%.

"The situation is very serious - says President Thomas Fats - means the Convention which is proposed by the Unit would result in a reduction of 40 percent. Translated into figures mean that Bologna and Cesena may be forfeited in total, between 2.4 and 2.7 million euros less than in the past. At this point we should close because the other activities that until now have allowed us to successfully close the budget would not be enough. "" In the emergency situation that we are living - continues Fats -, twenty days after the end of the contract that is extended by years, I think that the only viable solution is an agreement-bridge two or three months, for setting up the reorganization of the sector. "

THE COMPANY, racing together in Federippodromi, are taking action to raise awareness of the political world, the parliamentarians of all parties to the Head of State. "In our specific industry - said in a statement released last night - as in the rest of the country, it is essential that a strong government action must be carried out by AAMS, the Autonomous Administration of State Monopolies, and the Ministry of above , the Economy and Finance. In fact you need a major overhaul of the system, horse betting, but left in agony for many years in both fiscal and regulatory inadequacy. The fate of thousands of employees, companies structured and active for decades, depends exclusively on a serious, rapid and incisive revival of forms of financing the sector. Horse racing and betting in the world have always been inseparably linked by a thread and who propose paths Altemir sell only smoke and gossip. The customer of our sport, our show knows what is and what he wants to find when it comes to racing, and all are well aware. Today, the industry expects a government action that is due in light of all the failures made, the legitimately expect all those who have devoted a lifetime of commitment, sacrifice and professionalism. This action of government must realize with a budget for an adequate period (at least 2 years) so that you have the time to restructure and could take bets on horse races for the entire sector (through Axis) a way of rigor, ethics and enhancement of professionalism, without any delay. "
 
PAUL MORELLI of

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