Bookmaker Tom Waterhouse has sold his online betting business to British gaming company William Hill. Waterhouse will receive $34 million for the business, plus an earn-out agreement that could see him receive up to $70 million. He will also remain managing director of the business. William Hill earlier this year… Read More »
New rules governing conflict of interest and inside information in the racing industry will be introduced in the wake of the More Joyous inquiry. In reviewing the inquiry, Racing NSW says it has taken action to ensure there are appropriate rules dealing with the issues. Among the new rules is… Read More »
Big punter Eddie Hayson could find himself unable to have a bet after being asked to show cause why he should not be warned off racetracks. Racing NSW is set to meet next month over Hayson’s refusal to provide the names of people who gave him information about the top… Read More »
Darren Condon will start work next week as the new chief executive officer of Racing Queensland. Condon, who worked as the chief operating officer for the Brisbane Racing Club, will take up the role next Thursday – the first day of the new Australian racing season. “Mr Condon is a… Read More »
Australian Bloodstock directors Luke Murrell and Jamie Lovett have been fined for giving false statements to racing authorities over the ownership of the racehorse Hathras. TVN employees Bruce Clark and Dean Pettit have been suspended for three months over their shareholdings in the imported stayer. Murrell and Lovett were fined… Read More »
The Sun International Group has announced it is the buyer of the Australian stud operation of Eliza Park. To be known as Eliza Park International Pty Ltd, the stud will retain the 12 stallions at the farm including Black Caviar’s sire Bel Esprit, while the divisions on each of the… Read More »
Nathan Tinkler appears set to retain an interest in racing, albeit on a much smaller scale. The remainder of the embattled businessman’s racing stock was set to go to auction at the National Racehorse Sale at the Gold Coast on Friday as part of Patinack Farm’s reduction sale. But Magic… Read More »
Embattled coal entrepreneur Nathan Tinkler has signed an agreement to clear his debt to junior miner Blackwood Corporation but investors seem to have taken a wait-and-see approach on the deal. Blackwood shares sat unchanged at five cents after the company announced it had signed a deed of settlement and release… Read More »
Embattled coal baron Nathan Tinkler has agreed to pay $12 million to settle an outstanding $28.4 million share placement debt with miner Blackwood Corporation. Blackwood and Tinkler have entered a Deed of Settlement and Release under which Tinkler’s companies will pay $12 million to Blackwood to terminate a Share Placement… Read More »
Premier Sydney trainer Chris Waller has hit out at increased costs announced by the Australian Turf Club this week but says industrial action is not the answer. Waller says the costs to owners are already too high and the ATC’s intention to increase stable rents and introduce key performance indicators… Read More »
Racing NSW chairman John Messara has backed the Australian Turf Club’s plans to shed up to 10 percent of his workforce. In a shake-up of its operations which the Sydney racing club says has been forced because of dwindling wagering revenue, increased operating costs and poor autumn carnival figures, the… Read More »
Job losses have been announced as part of a restructure of operations at the Australian Turf Club. ATC chief executive Darren Pearce said a downturn in revenue during the redevelopment of Randwick racecourse, high operating costs and the stagnation in the growth of wagering revenue, had forced the thoroughbred club… Read More »
Nathan Tinkler’s entire racing stable will be sold at public auction next month. More than 200 horses racing under the banner of Tinkler’s Patinack Farm will be sold through bloodstock auction house Magic Millions during its annual National Sale. The announcement of the dispersal comes 24 hours after Sydney-based bloodstock… Read More »
Horse racing cheats will be caught, with integrity to be the number one priority in the sport, Victoria’s racing chief says. Racing Victoria chief executive officer Bernard Saundry said there may be small pockets of people who want to try to beat the system, but that can happen in any… Read More »
Leading betting exchange Betfair has purchased the customer database of bookmaker Blue Square for STG5 million ($A7.36 million). The online firm, which was owned by the Rank Group, explains on its website that “Blue Square is now a part of Betfair” and directs its clients towards the Betfair site. “Betfair… Read More »
Embattled businessman Nathan Tinkler is reported to be selling his racing and breeding operation, Patinack Farm. Tinkler established Patinack Farm in 2007, investing millions of dollars buying yearlings, stallions and brood mares for his new thoroughbred venture at Sandy Hollow in the NSW Hunter Valley. One of his biggest assets,… Read More »
The challenge of growing one of Victoria’s biggest industries, and of maintaining its integrity, has been retained by the state’s new premier. Denis Napthine announced on Tuesday he would balance the racing portfolio along with that of regional cities and the state’s top job. Dr Napthine said the $2 billion… Read More »
A substance derived from chilli peppers and used to stop horses from chewing on fences has produced positive swabs in harness racing, prompting Racing NSW to issue a warning to thoroughbred trainers. Capsaicin is banned because of its effects on the nervous, cardiovascular and digestive systems and is also categorised… Read More »
Secrecy still surrounds the exact details but at least a new thoroughbred racing series planned for Sydney has a frontman. Well-known NSW racing administrator Ian Mackay has beaten “a field of outstanding applicants” to be named chief executive officer of the Racing NSW promoted series. In almost a decade working… Read More »
Broadcaster TVN will control the media rights for NSW and Victorian thoroughbred clubs in a landmark deal for Australian racing. A formal agreement to aggregate the media rights of all thoroughbred clubs in Australia’s two strongest racing states was signed on Monday. Under the agreement, TVN will hold the rights… Read More »
