Is it religiously permissible to lease a shop to a company for horse race betting?

The answer can be summarized in the following points:

Horse racing and betting are permissible according to the Hadith: "There is no prize except in archery, or hoofs (camel/horse), or hooves (horse/donkey)." The three mentioned in the Hadith are permissible for competitive racing with a prize, by the consensus of scholars. Certain conditions are required for the prize. There is no objection to leasing a place to an entity that conducts this type of permissible competition, provided the conditions are met.