As the year of the horse gets underway, horse racing in Singapore is taking off.
The number of race horses in the city state has doubled since 2007 to 1,400 and the market is now starting to attract more international patrons, according to Wade Burridge, managing director of PremierRacingPartnerships.com.
"Ownership used to be dominated by the locals but due to incentives from the turf clubs and prize money increases, all of a sudden, Singapore has become a lot more affordable. It gives [owners] a bit more of an outlet from markets like Australia, New Zealand and South Africa to own horses in Singapore. Now, I would say it would be a 60 to 40 ratio, 60 percent local, 40 percent international."
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