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NSW Strategic Plan 3: Capital "Under-Investment"

Friday, 7th May 2010

Racing NSW identified another major issue as "under-investment in infrastructure brought about as the NSW industry attempted to keep pace with its Victorian counterpart & match returns to owners paid in that State, despite a significant difference in the amount each industry received from Tabcorp". In the last financial year, net returns to owners in NSW were $136 million compared to $141 million in Victoria. The Victorian Thoroughbred Racing Industry received approximately $60 million more in TAB distribution generated from its share of poker machine profits. In the period since the privatisation of the NSW TAB in 1997, the Victorian racing industry has received "approximately $900 million more than the NSW racing industry as a result of the Victorian industry's sharing in Tabcorp's poker machine profits".

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