PRIVATE PLAYERS 2010: CONTINUED
Written on the 18 August 2011
MANAGING DIRECTOR: DAVID CHESTER
JANUARY’s Magic Million racing carnival remains one of the region’s key economic drivers.
An independent report finalised last September concluded Magic Millions had an immediate economic and social contribution of $52 million to Queensland.
Co-owner Gerry Harvey believes that once tourism and the long-term benefits to Queensland’s racing industry are factored in, the real value could be as high as $120 million.The carnival’s significance is not only found in its contribution to the local economy however.
The Magic Millions yearling auctions attract the biggest names in international racing to not only buy the race-proven Australian thoroughbreds; but to use the first auctions of the year to nervously anticipate the market strength for the coming season.
PROFESSIONAL basketball returned to the Gold Coast in 2007 as the Gold Coast Blaze’s bid to join the National Basketball League (NBL) was made successful in November 2006.