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V'landys Says PC "Ignores 50,000 NSW Participants"

Thursday, 22nd October 2009

However Racing NSW chief executive Peter V'landys immediately slammed the report. Under the headline "Productivity Commission Ignores Plight Of 50,000 NSW Thoroughbred Racing Participants", V'landys released a statement declaring: "The Productivity Commission report is blatant in showing it has no concern whatsoever for NSW thoroughbred racing industry participants, but would rather ensure the industry receives just enough money so it can exist for the benefit of wagering operators. . . . . . If the recommendations of the Productivity Commission were to be implemented, it would mean a massive reduction to the level of funding for the NSW thoroughbred racing industry, severely jeopardising the jobs & income levels of 50,000 people who depend on racing in NSW." V'landys continued: "The 2 most ridiculous recommendations are that an independent organisation set the price of that racing product. Does that mean every commercial operation in Australia could have its price set by someone other than themselves - which could send them broke? Further, it suggests the charge should be based on the wagering operators' gross profit. That means the essential funding to the NSW thoroughbred racing industry would depend on the business model & risk strategy of wagering operators."

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