With the Queen herself allegedly throwing her own twopenneth into the racing-during-a crisis debat...
With the Queen herself allegedly throwing her own twopenneth into the racing-during-a crisis debate and a suspected case of foot-and-mouth once more threatening the rescheduled Cheltenham Festival, the bookmaking industry's dark clouds seem to have set in for the duration.
But for Stanley Leisure and the rest of the industry, silver linings don't come much brighter than the possible profits increases that analysts are forecasting once the betting duty is abolished next year.
Meanwhile in the short term, the Grand National is still slated to go ahead and all the frustrated money that was due to switch from punters' pockets to bookmakers' tills during the Festival is unlikely to disappear. It will simply go on other races or indeed on the rescheduled and re-located Festival championship races that may take place at Sandown in late April.
The present grim situation won't last for ever and once it is over Stanley will
be riding high in the saddle and sitting pretty if that particular combination is possible.
The forces at play in investment - most obviously, regulatory change, uncertain markets and shifting demographics - are as strong today as they were when Professional Adviser launched its sister magazine Multi-Asset Review in 2017.
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