Last May, the Gibraltar based bookmaker was ordered by a High Court Judge to pay the money owed under the contract with the governing body of British horseracing.
In the meantime, the British Horseracing Board lost similar cases against William Hill and a group of Irish bookmakers, which virtually rendered its pre-race data financially worthless.
Although the details of the settlement remain confidential, they are likely to be on the lines of the agreement reached with the Irish bookmakers in a Dublin court, where the BHB did not have to make repayments, but its future data income was all but wiped out.
“Victor Chandler International have been a model client all along, and at the end of the day this is a good solution. They want the data, and we want to be the source, supplying information through our authorised suppliers,” said Greg Nichols, BHB Chief Executive.
“The terms of the former contract are now ended, and the amount of money we are receiving has gone south, though not so far as zero,” he added.
This is the last of many news regarding the BHB at the end of a very busy period.
Earlier this week, Greg Nichols announced that he will leave the post of Chief Executive before the end of summer, while the Racing Post revealed that the BHB itself could cease to exist in its present form by the end of June, as part of a modernization process which would eventually see a merger with the Jockey Club.
The Racing Post also revealed that the BHB is to appeal against a High Court judgement delivered last month in favour of At The Races, which ruled that racing’s governing body had abused its market dominance in demands for payments to use its pre-race data.
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