The extension will see the partnership continue until at least 2025 and is worth an expected £300m in turnover.
Jockey Club Catering was launched in 2009 with an initial 10-year partnership agreement to provide catering and hospitality at The Jockey Club’s racecourses nationwide, which include those at Aintree, Cheltenham, Epsom Downs and Newmarket.
Paul Fisher of Jockey Club Racecourses said that the catering joint venture had proved highly successful.
“It has driven growth in catering revenues at The Jockey Club’s 15 racecourses, while expanding and enhancing the food and beverage offer, facilities and experience for guests enjoying a day at the races.
“We’re delighted to reach agreement with Compass on this extension, which is a sign of our confidence in the partnership and the people on the ground working hard to make it a success.
“Jockey Club Catering is key to the high quality experience we offer our customers and generates important revenues we reinvest back into British racing.
“It has taken our catering offer to another level and seen significant investment in new and upgraded facilities that we offer customers on racedays and at our thousands of non-racing events staged at our venues every year.
“With this long-term deal I look forward to that going from strength-to-strength, such as through our forthcoming £45m planned development at Cheltenham Racecourse.”
Colin Bailey, Compass managing director for sports, leisure and hospitality, said: “Over the past four years we have worked hard to build an excellent relationship with Jockey Club Racecourses and the customers we serve, something the continuation of our partnership demonstrates.
“Key to this are the aligned values of both organisations and a commitment to delivering the very highest quality of hospitality for our guests.”