Arena Leisure, which owns Folkestone and Lingfield Park courses, is poised to spur on the online gambling race.
From next spring Arena plans to broadcast live races on the Internet. Bets around the world will be routed to an offshore bank account. Industry watchers are expecting other UK race courses to follow Arena's lead.
A number of other online gambling sites are looking to run their sites offshore to avoid the government’s nine per cent gambling duty.
Sportingbet.com, formerly Netbet, set the trend for running offshore gambling with its 24 hour tax free Internet service run from the island of Alderney. Its success has been reflected in its share price which has risen from 70p four months ago to 320p this week.
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