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 Investment Chapter
The Horse and Dog Racing industry is characterised by a medium level of capital intensity. For every dollar paid as wages, an estimated $0.21 is spent on capital investment. Like most aspects of the industry, capital investment requirements vary significantly depending on participants' main operations. Racing authorities are generally more labour-intensive as staff are required to liaise with race clubs and betting agencies.
Race clubs typically have large capital outlays to establish racetracks, stables, stands and facilities. However, they also have significant direct labour involvement as staff are required to maintain courses, manage race day operations, serve food and beverages, and complete other administrative tasks... purchase to read more