In November 2008 Racing Victoria Limited released ‘Racing to 2020,’ outlining its vision for the Victorian thoroughbred industry. In a clear statement of current and future objectives, the platform and framework for the following twelve years is set out. The creation of a world leading racing product is a key part of the vision, with market expansion through innovation and excellence leading to sustainable growth to benefit the industry and the community.

The Brumby Labor Government has committed A$45 million to support major infrastructure and capital improvements at regional and rural racing and training venues, with the Victorian racing industry contributing A$41 million. The fund represents the biggest State Government investment in rural and regional racing venues in Victoria’s history. Today it was announced that the Mornington Racecourse will receive A4.6 million for upgrades, including a project to drought-proof the course.

Pursuing its intention to be innovative, the Racing Victoria Board is to study the possibility of running races every thirty minutes with immediate payouts on bets, without waiting for the return to the enclosure and correct-weight procedures. The idea is to enliven race days and increase turnover. Rob Hines, Racing Victoria chief executive, reportedly told The Australian that it is time to leave the past behind, with the new racing day being driven by turnover, quick racing. (E-07.16.09)

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