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No Emergencies For 2010 Melbourne Cup

Thursday, 8th April 2010

Victoria Racing Club chief executive Dale Monteith announced that "following extensive consultation between the VRC, Racing Victoria & racing industry stakeholders, it has been decided that emergencies will not be introduced for the Melbourne Cup in 2010". And RV chief executive Rob Hines noted "although we understand the popular view is to include emergencies, we believe it would introduce additional complexity for our customers that would have a negative impact on wagering on our biggest race." The main reasons are:

  •  Inclusion of emergencies would impact pre-raceday betting turnover by as much as $13.5 million on the Victoria & NSW TAB alone.
  •  Introduction of emergencies would create issues with interstate & overseas wagering operators, impacting existing & potential new export income.
  •  The potential to introduce "bracketed runners" & "reserves" was investigated; however these would have a negative impact on wagering turnover.  
  •  The introduction of emergencies would cost Victorian racing in excess of $1 million in software upgrade expenses.
  •  Analysis indicates there would be no impact to turnover if there are fewer than 24 Melbourne Cup runners, provided there are more than 20. 
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