COALITION GOVERNMENT DELIVERS ON COMMITMENTS TO THE RACING INDUSTRY

May 10, 2011

Please find below a link to a Media Release from the Office of the Minister for Racing, announcing a $79.5 million boost to the Victorian Racing Industry over four years through the establishment of the Victorian Racing Industry Fund.

This is one of the most significant funding boosts to the racing industry in recent years, with the prime source for this funding coming from unclaimed wagering dividends, which the ATA has strongly advocated both with RVL and the former and current State Government.

The ATA has also proposed that the apportioning of these funds from unclaimed dividends for necessary improvements to racing and training facilities and infrastructure would release RVL funds to enable much needed prize money increases to become a reality.

The Racing Minister Denis Napthine’s announcement is a positive indication of both his and the State Government’s strong commitment to the Victorian racing industry.

http://tonynoonanracing.com.au/files/files/Media release - Budget - Coalition Government delivers on commitments to the racing industry(1).pdf