Always back the horse named self-interest, son. It'll be the only one trying
The fundamental problem with the Australian Turf Club’s (ATC) finances is easy to see, even to a layperson. It doesn’t have enough revenue streams outside of wagering to remain sustainable. The chart at the top tells the story. ATC gets 62.8% of its income from wagering distributions, either directly from the TAB or via Racing […]
Appointment Of An Administrator To The Australian Turf Club Racing NSW today announced the appointment of an Administrator to conduct the affairs of the Australian Turf Club (ATC). This decision follows an extensive and exhaustive Show Cause process, together with multiple formal joint meetings between the Boards of Racing NSW and the ATC. These steps […]
It is quite amazing that the imported head of the QLD Racing Review Matthew McGrath still stands by his two key recommendations that the Government knocked back, a reduction in the Point Of Consumption Tax (POCT) rate from 20% to 15%, and relocating the trots to the Doomben infield. Both proposals were utterly inane. QLD […]
You see some bullshit claims in your life when you are as old as I am and have spent your whole life at the track, but this statement of supposed facts about racehorse ownership put out yesterday by Tom Magnier takes the cake. Magnier claims that 1 in every 201 Australians owns a share in […]
The top ten richest races in Australia list tells a story. Sydney hosts six of them. The Everest, Golden Eagle, King Charles III, Golden Slipper, Queen Elizabeth and Doncaster. (Note that 2 of them are named after foreign based monarch, 2 after gold, one after a mountain in Nepal, and the other after a racecourse […]
The reforms devised by the QLD Racing Review committee and accepted by the LNP Government have met with almost universal acclaim, which is a totally unexpected result but immensely pleasing to see, for a happy racing industry is a productive and successful one, and ultimately success on and off the track is everyone in the […]
The race caller at Bunbury this afternoon – I dunno his name, so I will call him Wheelbarrow – must have divorce on the mind or something, or perhaps he is just a glass half empty time who sees gloom in a rainbow. Why else would he have called the winner of the first race […]
In Albion Park Chairman Greg Mitchell’s euphoria about the Creek being (in our view temporarily) saved, he seems to have 0verlooked a rather important thing. The racing reform plan to run thoroughbred race meeting four nights a week, every week, in direct competition with the trots. Wednesday to Saturday night is the plan. Gold Coast, […]
The QLD Govt is going to launch a joint industry fund to secure better returns for clubs. Queensland race clubs will be invited to invest in the fund, set to be managed by an Independent Racing Infrastructure Fund Board. Clubs would be able to track their investment in real-time and have access to their funds […]
Racing Queensland will seek to rationalise its property portfolio and take steps to dispose of the former proposed harness racing site at Norwell. QRIC will dispose of the Bowen Hills property that was earmarked for a new Racing Science Centre. These changes will offer a mechanism for new and upgraded infrastructure. Careful consideration will be […]
