HORSE RACING – VICTORIA

Consumer spending for the Spring Racing Carnival to reach $1.6 billion

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Original article by Roy Morgan
Market Research Update – Page: Online : 28-Oct-22

New research from the Australian Retailers Association in collaboration with Roy Morgan shows that over 1.5 million people plan to attend a Spring Racing Carnival event trackside this year. More than 1.9 million Australians plan to attend events not on the track, such as in restaurants or other hospitality venues. People celebrating the Spring Racing Carnival will spend an average amount of $1,076 on themselves, totalling $1.6 billion in spending. Meanwhile, 52% of people say they are spending the same or more than they did last year on their Spring Racing Carnival celebrations. A new dress or suit is the most common consumer purchase (mentioned by 68% of people planning to attend a Spring Racing Carnival event), followed by a hat/fascinator (35%), a pair of shoes (31%) and jewellery (26%). The ARA-Roy Morgan Snap SMS survey was conducted with an Australia-wide cross-section of 1,694 Australians aged 18+ on Friday September 30 to Tuesday October 4.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN RETAILERS ASSOCIATION

Boxing Day Test crowd allowed at MCG after Melbourne lockdown ends

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Original article by
The Guardian Australia – Page: Online : 27-Oct-20

Victorian Premier Daniel Andrews has conceded that the easing of coronavirus lockdown restrictions has come too late to allow people to attend the Melbourne Cup at Flemington on 3 November. However, Andrews is confident that the traditional Boxing Day Test at the MCG will be played before a live crowd, although he cautions it is too soon to know how many people will be allowed through the gates. Australia is scheduled to play India in a four-Test series during the upcoming summer; more than 73,000 people were at the MCG for the first day of the Boxing Day match against India in 2018.

CORPORATES
VICTORIA. DEPT OF PREMIER AND CABINET

Fan-free Cup day as crowds banned

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Original article by Damon Johnston
The Australian – Page: 5 : 26-Oct-20

The four-day Melbourne Cup Carnival attracted about 275,000 people in 2019. The Victoria Racing Club had hoped that 10,000 people would be able to attend each day of the flagship event in 2020, with appropriate coronavirus measures in place. However, VRC chair Amanda Elliott has advised that Flemington racecourse will be closed to the general public for the entire event. The VRC remains hopeful that some racehorse owners can attend in person. The state government barred owners from attending the Cox Plate on 24 October.

CORPORATES
VICTORIA RACING CLUB LIMITED

Aussie winner declared bad for the bookies

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Original article by Mark Schliebs
The Australian – Page: 6 : 6-Nov-19

TAB has reported that its turnover for the 10 races at Flemington on 5 November was $160.7m, which is 5.9 per cent lower than previously. TAB’s turnover on the Melbourne Cup itself was $106m. TAB processed up to 108,000 bets per minute on Cup Day, while the numbers of wagers process by Sportsbet peaked at 35,000 per minute. Racing Victoria CEO Giles Thompson says the fact that an Australian-bred and trained horse won the Melbourne Cup is likely to have affected bookmakers’ profits, as many punters backed the local horse.

CORPORATES
TAB LIMITED, TABCORP HOLDINGS LIMITED – ASX TAH, SPORTSBET AUSTRALIA, RACING VICTORIA LIMITED, BETEASY PTY LTD, LADBROKES GROUP PLC, MELBOURNE RACING CLUB

How a bunch of blokes beat the sheiks and princes to deliver an Aussie Cup

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Original article by John Stensholt
The Australian – Page: 1 & 7 : 6-Nov-19

Vow And Declare, the first Australian-bred horse to win the Melbourne Cup since 2009, was passed in at the 2017 Inglis Classic Yearling Sale. The horse was bred by builder and hobby breeder Paul Lanskey; it had a reserve of $60,000 but failed to attract a bid. Vow And Declare was subsequently bought by a diverse group of investors from across Australia. Trainer Danny O’Brien was cleared over a long-running cobalt scandal in 2018, while it was the first Melbourne Cup win for jockey Craig Williams in his 16th attempt.

CORPORATES
LANSKEY CONSTRUCTIONS

Sheik up, as McEvoy streaks to third Cup

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Original article by Chip Le Grand
The Australian – Page: 1 & 6 : 7-Nov-18

The Godolpin racing stable of Dubai’s Mohammed bin Rashid al Maktoum has won its first Melbourne Cup after trying to do so for two decades. Godolphin’s "Cross Counter" has become the first British-trained horse to win the prestigious race, with jockey Kerrin McEvoy riding a Melbourne Cup winner for the third time. Race favourite "Yucatan", which is part-owned by businessman Lloyd Williams, finished in 11th place. Another horse owned by Williams, "The Cliffs of Moher", was put down after fracturing its right shoulder.

CORPORATES
GODOLPHIN RACING

Williams chasing Cup three-peat

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Original article by James Thomson
The Australian Financial Review – Page: 3 : 6-Nov-18

Australian businessman Lloyd Williams is confident of winning a seventh Melbourne Cup with Irish horse "Yucatan". Williams is a co-owner of the Cup favourite, whose other owners include fellow entrepreneurs Brian Singer, Alan Green and Gerry Ryan. Williams is also the co-owner of another Melbourne Cup contender, "The Cliffs of Moher". Horses owned by Williams won the Melbourne Cup in 2016 and 2017.

CORPORATES
COOLMORE STUD

Ten pips Seven at post for Cup rights

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Original article by John Stensholt
The Weekend Australian – Page: 5 : 1-Sep-18

‘The Ten Network is expected to announce on 3 September that it has secured the rights to broadcast the Melbourne Cup horse racing carnival as from 2019. It is understood that Ten will pay over $10 million a year for the rights, as much as five times more than current broadcaster Seven West is believed to be paying. Seven will also cease broadcasting the Australian Open tennis in 2019, but has teamed up with Foxtel to take the cricket from Nine, which will now show the tennis.

CORPORATES
TEN NETWORK HOLDINGS LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FOXTEL MANAGEMENT PTY LTD

Field wide open as VRC spruiks media rights

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Original article by Max Mason
The Australian Financial Review – Page: 28 : 18-May-18

Victoria Racing Club hopes to use a new broadcasting rights deal for the Melbourne Cup carnival to attract more people to Flemington Racecourse for the event, arguing that it is more than just about horse racing. The VRC has not issued a tender for the four-day carnival since Seven West Media gained the rights in 2002. VRC CEO Neil Wilson says it is open to deals with more than one partner, including a sub-licensing arrangement.

CORPORATES
VICTORIA RACING CLUB LIMITED, THE LEXUS MELBOURNE CUP, SEVEN WEST MEDIA LIMITED – ASX SWM, TWITTER INCORPORATED

Lexus set to be named as Cup sponsor as prizemoney rises

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Original article by Brendan Cormick
The Australian – Page: 36 : 8-Nov-17

Lexus is expected to replace Emirates as the naming rights sponsor of the Melbourne Cup, with a deal likely to be finalised in coming weeks. The car-maker is already the sponsor of the Lexus Stakes during the Melbourne Cup Carnival. The Victoria Racing Club is also expected to announce an increase in prizemoney for the Melbourne Cup, although it will still fall well short of The Everest, which boasted prizemoney of $A10m in its first year. More than 90,000 people attended the 2017 Melbourne Cup, which was won by the Lloyd Williams-owned "Rekindling".

CORPORATES
THE EMIRATES MELBOURNE CUP, LEXUS, EMIRATES AIRLINES, VICTORIA RACING CLUB LIMITED, RACING NSW, AUSTRALIAN TURF CLUB LIMITED