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

SUPER RETAIL GROUP SAYS GOODBYE TO AMART SPORTS BRAND

A BRAND synonymous with Australian sporting goods, Amart Sports, will be retired from 1 November 2017. Super R...

SUPREME COURT GRANTS LEAVE FOR CLASS ACTION AGAINST DICK SMITH

A CLASS action law suit against Dick Smith has been given the green light for shareholders impacted by the company...

NEXTDC SHARES SOLD OFF AS ONGOING SPAT WITH 360 CAPITAL CONTINUES

SHAREHOLDERS in data centre operator NextDC (ASX: NXT) have dumped their stock in the company as its ongoing war of w...

SURVEY SAYS COUNTEROFFERS MIGHT BE A WASTE OF MONEY

TO RETAIN the best and brightest employees it sometimes seems like a good idea to offer more money, but recent res...

Related News

SUPER RETAIL GROUP SAYS GOODBYE TO AMART SPORTS BRAND

A BRAND synonymous with Australian sporting goods, Amart Sports, will be retired from 1 November 2017. Super R...

SUPREME COURT GRANTS LEAVE FOR CLASS ACTION AGAINST DICK SMITH

A CLASS action law suit against Dick Smith has been given the green light for shareholders impacted by the company...

NEXTDC SHARES SOLD OFF AS ONGOING SPAT WITH 360 CAPITAL CONTINUES

SHAREHOLDERS in data centre operator NextDC (ASX: NXT) have dumped their stock in the company as its ongoing war of w...

SURVEY SAYS COUNTEROFFERS MIGHT BE A WASTE OF MONEY

TO RETAIN the best and brightest employees it sometimes seems like a good idea to offer more money, but recent res...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter