COAST TURF CLUB CALLS FOR BETTER DEAL

COAST TURF CLUB CALLS FOR BETTER DEAL

GOLD Coast Turf Club chairman Andrew Eggleston today welcomed the decision by the Federal Court to support Racing NSW's right to charge corporate bookmakers a product fee based on turnover.

Media reports suggest NSW country race meeting prize money will rise to $15,000 while provincial meetings go to $25,000.

"In light of the NSW decision, it is clear owners in this state need a better deal," says Eggleston.

"We are calling on Racing Queensland to review Gold Coast prize money of $10,000 and $12,000 for a normal provincial Saturday.

"The Gold Coast Turf Club is the largest training centre in Queensland and provides much of the product for Queensland.

"Prizemoney increases combined with the planned capital upgrades will ensure the Gold Coast and Queensland Racing remain competitive with our interstate counterparts."

Eggleston called on Racing Queensland Limited to clearly outline their plans for the future.

"Racing Queensland recently entered a two-year agreement with corporate bookmakers based on the gross profit model," he says.

"With prize money for Gold Coast bread and butter meetings not having increased in four years, and with the NSW decision, all eyes will be on Racing Queensland.

"Their next move will have significant impact on the local thoroughbred industry."

Get our daily business news

Sign up to our free email news updates.

 
Finexia’s Childcare Income Fund secures ‘very strong’ rating from Foresight Analytics & Ratings
Partner Content
Private credit specialist Finexia Financial Group (ASX: FNX) has secured a “very...
Finexia
Advertisement

Related Stories

"10x in six months": Brisbane startup Xrecruiter opens Melbourne office

"10x in six months": Brisbane startup Xrecruiter opens Melbourne office

A Brisbane-headquartered startup that helps recruiters strike it ou...

Black Hops Brewing administrators scoping out potential buyers for embattled business

Black Hops Brewing administrators scoping out potential buyers for embattled business

Administrators appointed last month to Gold Coast craft beer compan...

Netwealth founder to leave executive role as funds rise $6.7 billion in three months

Netwealth founder to leave executive role as funds rise $6.7 billion in three months

One of the largest wealth managers on the ASX reported a $6.7 billi...

Law firm profits surge as survey reveals robust client demand and margins

Law firm profits surge as survey reveals robust client demand and margins

Four in every five Australian law firms are reporting profit margin...