WAP Update for Participants
Greyhound Racing SA Limited (GRSA) advises participants that unfortunately for the second month in a row there will be no Wagering Activity Payment (WAP). GRSA’s net wagering revenue has fallen to its lowest level this financial year [$1.85M for January] and was 26% lower than the September high of $2.5M.
While this result is disappointing it is important to note that the WAP model is still working. The model guarantees participants a minimum return of 50% of net wagering revenue. For the month of January participant returns were 50.2% of net wagering revenue and they were 52.8% for the month of December. GRSA will continue to monitor wagering trends and will update participants as relevant information comes to hand.
The entire WAP announcement can be found HERE