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 - Industry Key Buyers Chapter
The industry's largest players are the industry's largest racing authorities and the large race clubs in New South Wales and Victoria. The training area is dominated by a few professional trainers. Most trainers receive little or no prize money.
Racing groups vary greatly in size, from the larger metropolitan clubs at one extreme, to the picnic race clubs and tracks that only hold one or two meetings per year and operate on a voluntary basis. In an effort to consolidate gains from TAB payments since the EI scare, there has been a rush of consolidation, as small, rural groups face closure.
The industry is primarily operated by small businesses. Only 3.0% of operators will earn over $500,000 per annum... purchase to read more