31 March 2016
Courtesy of Horse Racing Alberta's website: A renewed 10-year funding agreement with Horse Racing Alberta will help ensure the viability of Alberta 's horse racing industry and reflects government's focus on responsibly managing provincial finances during the economic downturn.
The Government of Alberta and Horse Racing Alberta (HRA) have signed a new 10-year agreement, which will support rural communities and the agriculture sector. The agreement replaces a previous 10-year funding arrangement expiring at the end of March, which supported the industry using a portion of slot machine revenues from Racing Entertainment Centres (RECs) located in a number of locations around the province. This new agreement is expected to directly support 1,600 Alberta jobs and result in significant additional indirect economic benefits for rural communities and businesses.
For further information go to http://thehorses.com.