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Australia’s New South Wales invests $174m in racing

26th July 2010 8:16 am GMT

Australia's New South Wales government has announced up to AUD$174 million in funding to secure the future of thoroughbred racing and protect jobs within the state, including a loan of $150m which is to be repaid through the reclassification of the Trackside simulated racing game as a wagering product in TAB venues.

The record funding would enable major upgrades to Rosehill and Randwick racecourses after the impending merger of the Australian Jockey Club and Sydney Turf [...]

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