Industry Analysis & Industry Trends
Horseraces and greyhound races are fixtures of Australia's sporting culture and the Melbourne Cup is the highlight of a $1.5 billion industry. However, industry participants have faced challenges over the past five years. Stagnant racing attendances and rising interest in alternative forms of gambling have affected industry players over this period. Racegoers have tended to splash out at marquee events during the Melbourne Spring Racing Carnival, such as the Melbourne Cup. However, ticket sales and revenue from non-event based thoroughbred, harness and greyhound races have declined... purchase to read more
Industry Report - Industry Analysis Chapter
Players in the Horse and Dog Racing industry have struggled over the past five years due to falling racing attendances and the rising popularity of alternative forms of gambling. As a result, revenue has fallen yearly over this period. Industry participants operate in a unique environment and problems from one service segment can cause additional problems to operators in other segments.
Revenue and profitability
Industry revenue is estimated to fall at an annualised 2.3% over the five years through 2015-16 to total $1.5 billion. Racing attendances have trended downwards over the past five years and contributed to this revenue decline... purchase to read more