Watch Live Racing FREE!
Sign-up now and Watch every Race Live and Free on your Phone!
Best Odds with Top Tote+ and Bet Back Offers!
Register at Australia's #1 Online Bookmaker!
Price Boosts, Racing Backups, Fluc Up!
Sign-Up to Australia's Fastest Growing Online Bookmaker!
Odds Boosts, Racing Offers, Massive MULTIS!
Sign-up and start betting with Ladbrokes in 2 minutes!
Best Of The Best Odds!
Bet With Palmerbet and get Paid Top Fluc or Top Tote!!
*Conditions Apply. Excl VIC, NSW, SA & WA. Gamble Responsibly
Senior administrators from two Melbourne race clubs have applauded the concept of the Everest

Senior administrators from two Melbourne race clubs have applauded the concept of a new $10 million race in Sydney.

Racing NSW and the Australian Turf Club announced on Wednesday The Everest, a sweepstakes race with a $600,000 buy-in, would be run over 1200m at Randwick on October 14.

Mike Symons, chairman of the Melbourne Racing Club which hosts the Caulfield Guineas meeting on the same day, said the Sydney concept was terrific.

“From a Caulfield Guineas day perspective I think it enhances the race day throughout Australia,” Symons told Melbourne radio station RSN927.

“The global focus of racing will be on Australia. Both Sydney and Melbourne will have feature races and I think that only enhances the product globally.”

Symons says this latest initiative coupled with recent prize money hikes which include a minimum $100,000 for Saturday metropolitan races, places NSW racing ahead of Victoria.

“We believe Racing Victoria should be matching that and ultimately it will impact field sizes and wagering outcomes,” Symons said.

Victoria Racing Club chief executive Simon Love doesn’t see The Everest having an impact on the Melbourne Cup which, with $6.2 million prize money, was Australia’s richest race before Wednesday’s announcement.

He said if the VRC put $10 million prize money into the Melbourne Cup they would still attract a similar field.

“From our perspective we are better off investing that incremental $4 million into other parts of our operation,” Love said.

“When Magic Millions was conceived there was healthy scepticism of that concept back in the day but that now is a very successful event for racing and the state of Queensland.

“I applaud the ATC and Racing NSW for coming up with this innovative concept and if it is successful it can only benefit the whole racing industry in Australia.”

 
Tags:
Featured News

Free List of the Best Racing Bets and Bonus Offers

We take a look at the BIGGEST and BEST Free Daily Racing Offers and Betting Promotions from Australia’s leading online...

Horse Racing Big Bets – 20/7/2019

We take a look at the big bets the online bookmakers have taken on the weekends horse racing around the...

Another former Star WA sprinter in The Everest

Owner Bob Peters is set to have two runners in the $14 million The Everest with Enticing Star announced as...

Tahlia Hope set for extended stay in hospital

Apprentice Tahlia Hope could remain in hospital for up to three weeks as she recovers from viral meningitis. Hope was...

Godolphin secure slot in The Everest

Global racing operation Godolphin has won the tender for the vacant slot in the $14 million Everest forfeited by Damion...

Schillaci Stakes winner to gain entry into The Everest

The turf wars between Victoria and NSW appear to be softening with the winner of the Schillaci Stakes at Caulfield...

Trainer Ben Currie has ban reduced

Toowoomba trainer Ben Currie has had his disqualification on racing convictions further reduced while his criminal fraud charges have been...

Veteran trainer remains in critical condition

Veteran trainer Bruce Purcell remains in a critical condition, three days after being airlifted to a Melbourne hospital with serious...

Queensland trainer fined for assaulting stewards

Veteran Queensland trainer Ron Maund has been fined $2000 with no conviction recorded on charges of assaulting two Racing Integrity...

Australian Bookmaker Reviews

Which bookmaker should you bet with? We Review each of the leading online Australian Bookmakers and rate them in order...

 
 
Copyright © 2019 Just Horse Racing.
All rights reserved - Privacy Policy

Gamble Responsibly 18+
*State exclusions apply to some offers. Please check T&Cs of each offer with the bookmaker. All Offers Exclude NSW residents.