When a bookmaker and a major breeding operation decided to go into business together, an alliance once thought improbable, it demonstrated that anything is possible with some creative thinking and enterprise.
While one's fortunes may be linked tenuously to the success of another as wagering drives prize money, which in turn stimulates bloodstock prices and service fees, bookmakers and breeders have traditionally operated independently as different sectors of the same industry.
However, among the hundreds of millions of dollars swirling around Australasia’s annual yearling sales in 2024, the genesis of a partnership between wagering firm Entain and Henry Field’s Newgate Stud Farm moved into full stride at Easter.
As the blaze of publicity surrounding the $10 million sale of Winx’s daughter and the emergence of American investor John Stewart captivated the bloodstock scene, Entain and Newgate methodically went about adding to a joint bloodstock portfolio.
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