Industry Analysis & Industry Trends
Horseraces and greyhound races are fixtures of Australia's sporting culture. Horseracing is the only sport that warrants public holidays in various states, culminating in November's Melbourne Cup, the jewel of a $1.5 billion industry. However, industry participants have faced an array of challenges over the past five years. In August 2007, equine influenza (EI) threatened thoroughbred horseracing in Queensland and New South Wales, where several races were called off due to heavy quarantine restrictions. Although EI occurred outside the current five-year period, its after-effects have had a lasting impact on the industry.
Stagnant racing attendances and a rising interest in alternative forms of gambling have also affected the industry over the past five years... purchase to read more
Industry Report - Industry Products Chapter
The industry has a range of services due to the diverse nature of its operations. Racing authority, board, racecourse and racetrack operation 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 is anticipated to generate.
Racing authority operation
Racecourse Licence Boards exist under specific state racing and gaming acts, which license race clubs and specify the number of race meetings that can be held annually at each racecourse... purchase to read more