Industry Analysis & Industry Trends
Horse racing and greyhound racing are fixtures of Australian sporting culture. Horse racing is the only sport in Australia's athletically obsessed culture that warrants public holidays in various states, culminating in November's Melbourne Cup as the jewel of a $1.6 billion industry.
However, horse racing has been facing challenges from all angles over the past five years. In 2007-08, equine influenza (EI) hammered horse racing in Queensland and New South Wales, where a number of races were called off due to heavy quarantine restrictions. After months on the sidelines, racing returned to normal. By March 2008, Australia was declared EI-free. Consequently, the industry began to recover... purchase to read more
Industry Report - Starting a New Business Chapter
There are few barriers to entry into the trainers' side of this industry, although registration by a principal racing club or control body is required. For race clubs and courses significant barriers apply given the control of this industry by Principal race clubs and the need for a Crown land grant or approval by a control body to establish a racecourse/racetrack or q track.
It is difficult for a new clubs to create a worthy destination of race meets. Firms often have a sound history in the industry, and can therefore attract quality horses to their venues. This leads to strong sponsorship support and subsequent prize money. Newly established clubs cannot compete against this, as it is difficult to gain prominence without strong prize money... purchase to read more