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Industry News

  • Betting markets highlight 59th IFHA Conference

    “The International Conference has for many years provided a platform for all of us, the stewards of racing in our respective jurisdictions,” said IFHA Chair Winfried Engelbrecht-Bresges. “Racing’s long-term success is dependent on our ability to not only address the threats that we face today, but moreover to embrace the… Read More »

     
  • Anti-Illegal betting features at 59th IFHA conference

    The 59th International Conference of Horseracing Authorities is upon us and the theme this year features Anti-Illegal Betting and Related Crime. To be held on Monday 6 October in Paris, following the Prix de l’Arc de Triomphe, delegates will receive articles produced by the IFHA Council on Anti-Illegal Betting and… Read More »

     
  • Betting markets examined at 59th IFHA conference

    ‘Race betting, both in the legal and illegal markets’ will be very much the focus at this 59th IFHA Conference, being held on Monday 6 October at the Le MĂ©ridien Paris Arc de Triomphe. “Racing is facing a number of both challenges and opportunities in regards to engaging with current… Read More »

     
  • This Is Your Moment’ at 82nd Keeneland Yearlings

    Yes, as Keeneland says ‘This is The Moment,’ and its Hip7 the Paynter full-brother to Knicks Go that’s on Day 1 of the 82nd Keeneland September Yearling Sale, 8 to 20 September. Stepping out early on Monday, the Paynter-Cosmo’s Buddy colt is full brother to 2021 US Horse of The… Read More »

     
  • Lenny Todd crowned 2024-25 Sydney Strapper of The Year

    The 2024-25 Sydney Strapper of The Year has been announced, and for this its 16th year its Lenny Todd of Ciaron Maher Racing who is the season’s champion. Presented at the NSW Racehorse Owners Association’s prestigious “Night of Champions,” it recognises the behind-the-scenes efforts by strappers who tend to go… Read More »

     
  • BetMakers reports strong growth in 2024/25 FY

    Wagering technology group BetMakers has reported strong growth across its 2024/25 financial year, delivering improvements in revenue, margins and profitability as it transitions into what management described as “a pivotal year of transformation.” The ASX-listed company, which supplies technology solutions to the global wagering industry, announced revenue of $85.1 million,… Read More »

     
  • Tasracing announces a significant boost to its TasBred scheme

    Tasracing has announced a significant boost to its TasBred scheme, unveiling an additional $1 million in funding and a range of new initiatives designed to strengthen Tasmania’s local thoroughbred industry. From November 1, the TasBred prize money pool will rise to $2.15 million, with a $20,000 bonus to be attached… Read More »

     
  • Phoenix Thoroughbreds founder jailed

    Amer Abdulaziz Salman, founder of Phoenix Thoroughbreds – a racing operation whose silks have been carried to major victories in Australia and internationally – has been sentenced to 15 months in prison for conspiracy to commit money laundering. The 61-year-old businessman from Bahrain was jailed last month in Pennsylvania, according… Read More »

     
  • Debbie sings a new racing gospel

    “Join us in prayer,” says Debbie Priestley the first female chaplain for the racing industry based with the Australian Racing Christian Chaplaincy. I love God and I love horses, and as I love people I’ve been commissioned and sent to racecourses in Sydney as I know that’s where the Lord… Read More »

     
  • Harness Racing SA backflips on annual administration levy for bookmakers

    A key decision by a principal racing authority has been overturned following backlash from bookmakers, with Harness Racing SA (HRSA) scrapping a proposed annual administration levy that was set to take effect under the FY26 HRSA Integrity and Contributions Agreement. The $2000 levy, announced earlier this year, faced strong opposition… Read More »

     
  • Victorian Government to chip in for Moonee Valley racecourse redevelopment

    The Victorian Government has confirmed a $5 million investment into the redevelopment of Moonee Valley racecourse, targeting upgrades to the racetrack, lighting, and tie-up stalls as part of a broader infrastructure transformation. Funded under the Victorian Racing Industry Fund, the contribution will be joined by a $16 million outlay from… Read More »

     
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  • Anti-Illegal Betting Membership Expands

    News from the International Federation of Racing Authorities is that its Council on Anti-Illegal Betting & Related Financial Crime now includes additional support for racing. “We are excited to welcome our new members,” said Martin Purbrick, Chair of the IFHA Council “with Professor Stefano Caneppele being a leading teacher of… Read More »

     
  • Gold Coast Finals of the National Pony Racing Series

    The excitement building as the 2025 National Pony Racing Series Finals to take centre stage at the Gold Coast Turf Club on this Saturday 7 June. Showcasing the nation’s most promising young riders and their ponies, the National Pony Racing Series is a collaboration between Thoroughbred Industry Careers and Pony… Read More »

     
  • Future of Rosehill racecourse set to be announced

    The future of Rosehill racecourse hangs in the balance as members of the Australian Turf Club prepare to vote on a proposed sale at an extraordinary general meeting on Tuesday. The meeting, which will be held exclusively for ATC members, is scheduled for 2pm at Randwick Racecourse in the Ballroom… Read More »

     
  • UK owned betting firm could shape early markets in Australia

    The early betting landscape of Australian racing has undergone a notable shift following Tabcorp’s decision to delay the release of odds for specific meetings—a move that one rival bookmaker claims highlights a broader issue within the wagering industry. The change, which sees Tabcorp holding back on when it launches fixed… Read More »

     
  • Betr raises capital to strengthen Pointsbet buyout bid

    Online bookmaker Betr has secured approximately $15.6 million from retail shareholders as part of its ongoing equity raising efforts to fund the planned acquisition of rival betting operator Pointsbet. This latest funding round brings Betr’s total capital raised to $130 million, following earlier contributions from institutional investors through two separate… Read More »

     
  • Victorian government slashes POCT forecasts

    The Victorian government has revised its projections for racing and sports betting tax revenue, with a shortfall of $29 million revealed in the 2025/26 state budget. The expected revenue from the Point Of Consumption Tax (POCT) for 2024/25 has been downgraded to $406 million, down from the $435 million that… Read More »

     
  • NT Government doubles tax cap on wagering companies

    The corporate bookmaking industry has been left stunned by the Northern Territory Government’s decision to double the tax cap on wagering companies, a move that is expected to have significant repercussions across the sector. Unveiled during Tuesday’s NT budget by treasurer Bill Yan, the change will push projected revenue from… Read More »

     
  • Trans-Tasman National Thoroughbred Week

    “National Thoroughbred Week gives us all the chance to connect with the public outside the traditional racing audience,” stated Basil Nolan of Thoroughbred Breeders’ Australia. “It supports the work, Aushorse, and Thoroughbred Breeders’ Australia are promoting the industry and to ensure people understand the scale, professionalism and care that underpin… Read More »

     
 
 
 
 
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