Industry Analysis & Industry Trends
Horse and greyhound races are fixtures of Australia's sporting culture and the annual Melbourne Cup is the highlight of the Horse and Dog Racing industry. However, industry participants have faced challenges over the past five years. Stagnant racing attendance numbers and rising interest in alternative forms of entertainment and gambling have affected industry operators over the period. Racegoers have continued to splash out at marquee events, such as the Melbourne Spring Racing Carnival. However, ticket sales and revenue from other thoroughbred, harness and greyhound races have declined over the past five years... purchase to read more
Industry Report - Industry Products Chapter
Industry players offer a diverse range of services. Racing authority, racing board, racecourse and racetrack operations are included in the industry, and large clubs and companies typically undertake these activities. Individuals can also operate in the industry as race dog and racehorse owners and trainers. Industry services are divided based on the proportion of revenue that each segment generates.
Racing authority operation
Racecourse licence boards exist under specific state racing and gaming acts that license race clubs and specify the number of race meetings that can be held at each racecourse annually. Racing authorities include Racing Victoria, Racing Queensland and the Australian Turf Club... purchase to read more