COAST TURF CLUB CALLS FOR BETTER DEAL

Written on the 22 November 2010

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."


Latest News

THE STAR'S STUNNING ANSWER TO CROWN'S BARANGAROO

THE Star Entertainment Group (ASX:SGR), not to be outdone by James Packer's Barangaroo development across the ...

BRISBANE COAL TERMINAL REOPENS AFTER SHIPLOADER REPAIR

COAL loading has recommenced at New Hope's (ASX: NHC) Brisbane terminal today after repairs to its ship loader, w...

SUPERYACHTS OFFER UNTAPPED POTENTIAL AT COMMONWEALTH GAMES

SUPERYACHT Australia has devised a strategy to attract more superyachts to Queensland and capitalise on revenue op...

GDP FIGURES A 'WAKEUP CALL' FOR PARLIAMENT

THE GDP figures are an end-of-year wakeup call for Parliament about what lies ahead for the country, according to ...

Related News

HOW MCDONALD'S AUSTRALIA REDISCOVERED ITS INNOVATIVE SPIRIT

MCDONALD'S is such a ubiquitous part of the Australian landscape today that it is easy to forget how it change...

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter