GeorgeMonza CircuitoHedwood ThoroughbredsOpulence2020-21 Broodmare of the YearNew Zealand Small Breeder of the YearReliable TeamSalesMondoraniGeorge ChittickBerkley StudRacingJonny OrrHallmark StudThere You GoVicki PascoeHouse of CartierBill GleesonBreedingTicklishElephantAndrew FowlerBen KwokDavid PaykelDunstan Breeder of the MonthOlly TuthillAnnabel WigleyBeaufort DownsMary Lynne Ryan Young Achiever AwardArdsley StudNZEHAMicheal StedmanTaxIRDKing of ComedyCircus Maximus2021 New Season Sire PreviewStallion Coverings 2020Mustang ValleyAncient SpiritHe Waka Eke NoaClimate changeSky DarciPiroplasmosisUberlebenTommy Heptinstall2021 NZB Weanling SaleNigel AuretAuret FamilyLetham StudBig MikeExplosive JackBright AbyssAmazing StarGraham BaxBlandford LodgeHamdan Al MaktoumSir James FletcherOcean BillyBonny LassSandy MoorePins 'N' NeedlesAvantageMadame De SoirOff The Track ThoroughbredsBattle of the BreedsMonovale FarmRose of TraleeImperatrizSavy yong blonkShoworosesNeedle and ThreadCoventinaWayne DarlingPeter SmithCount ZeroMegan LieftingJust Got HomeWally O'HearnAvonalloAegonNathan TrumperArrivederciCrosshavenDaniel NakhleJohnny Get AngryTelperionWeigh InBred To WinJulian CorbanRick WilliamsKevin GrayNZ Racing AwardsMongolian khanSupreme HeightsSue and Peter WestendTravimyfriendMeleka BelleBroodmare of the year 2020Only WordsKylie FawcettTurrettVamos BebeBreeder of The Year30 Day Foal NotificationNZ HOTYMajor TomKevin PrattWellington BranchRoad ShowsRon LaddEmma EvansKaraka 2021ComplacentRaceFormNational Breeding AwardsFerrando2020 New SiresDean McKenzieStakesStallion paradeBreeding AwardsVisasImmigrationDylan JohnsonPaul MoroneyNZ Breeder of the YearWeanling educationFoal NZJen CampinWyndspelleDerrynRacing Industry BillHello YoumzainQuiz NightTen SovereignsHorse ambulanceTheileria equiExportsMPIPaul Yesberg2020 Service feesKaye SandersMansfield FarmSouth Island SaleSusan WalkerPark Hill StablesOceanexTony RiderSneaking To WinCatWalkGavelhouse PlusLiz AllenRed GiantSupergiantSavile RowRip Van WinkleAlmanzorReady To Run SaleAnother DollarPure ChampionFirst Crop Sire FocusWhat's The StoryHe's RemarkableHighview StudWeanling SaleCharles RobertsNZ Racing Hall of FameBessLion's RoarContributerNZB AirfreightRibchesterKinaneBaggy GreenTofaneCurraghmoreBagalolliesToffee TongueCovShout the BarFoxbridgeZebrowskiDunstan FeedsFarriersFiona BassettNZTRMark CorcoranZedVerry ElleegantDon GoodwinMay SaleCoronavirusCovid-19Perfectly ReadyPeter and Sue WestendJennifer EcclesKyla Robb BlogKyla RobbDavid MorrisBreeders' StakesEnvironmentNitrogenDanny RolstonKhalesTom LanePaisley ParkMaster PaintonDunstan Horse FeedsLaura McNabHannah AireyRacing hall of famePencarrowNZB Yearling SalesDivine ProphetGermanicusWroteHighviewTravelling LightPlatinum InvadorValachi DownsNot An OptionYearling SalesDavid GreeneJustamaizCharm SpiritRock 'n' PopBurgundyScorpzAblazeJericho CupClyde BuckinghamLa RomaneeMiami boundSteel StilettosTomsSuper SethWelfareThe Chosen OneDunstan Feeds Stayers ChampionshipTutta La ClasseDawn PatrolSweet TreatMonovalePiaggioTrue EnoughMick PrestonCatalystSurprise BabyWarren PeggFull of BeautyAndrew StewartTime TestKevin HickmanVern TrilloBohemian BluesVernanmeEmbellishBruce PerryLib PetagnaRiva CapriEvent StarsGina ShickDarci BrahmaCountofmontecristoPeter and Heather CrofskeyRITABreeder ProfilePhilip SmythDunstan Feeds Under The RadarFirst Season Sire ReviewStranglesDezWaikato BranchG1 DinnerSeawayTrevor LukeTaranaki Breeders' StakesStallion parade 2019Callsign MavAtlanteStaphanosAzamourSacred DayBarbara PerryPearl SeriesPolly GreyPencarrow StudSleeping BeautyCherry TaylorChris LuoniNew zealand racing hall of fameRacing Reform BillAce HighFlyingflynnHappy StarFabulousOcean ParkUS Navy FlagSam BergersonShoshoneSacred FallsOcean EmperorLifesaverKoldingSavigneRoaring LionClearview ParkPear Tree FarmRyan StaceySummer PassageSatono AladdinVadamosIgrainePurple SectorThe BostonianBrent and Cherry TaylorWar DecreeHoward Be Thy NameHigh ChaparralThe Sunlight TrustPrincess JenniReliable ManWeanling WalkFoalsEquibreed Seminar 28th AugustCareers DayEducationRacing MinisterJohn Messara Report Release Date 30 August 2018Spyglass Hill SyndicateLincoln FarmsWestbury StudCancer SocietyAternatinKoru ThoroughbredsKeith and Faith Taylor Equine ScholarshipRoad to RockGreg TomlinsonBeauty GenerationNearco StudLuigi MuolloExplosive BreedingJakkalberryNovara ParkJimmy ChouxBostonianFasttrackDavid ArcherNZTBA OfficePlusvitalEquifibreFasttrack Breeders ProfileNZ First season sires 2018Stallion Register 2018Equine Property OwnersHealthy RiversWaikato Regional Council ReportRodmor Trust Lecture SeriesDr Frances PeatCathay PacificNZTBA Waikato BranchLondon ExpressMilan ParkWinston PetersJohn FokerdGoffsSean HawkinsOur AbbadeanWentwood GrangeWaikato StudWarwick JeffriesBradbury ParkSeabrookRavelston StudOne One TwoLloyd MonehanTavistockSpecial MemoriesCarol MarshallSweynesseNZTBA Te Aroha Breeders DayMiss WilsonWho Shot ThebarmanTe Aroha Breeders DayNZ Bred G1 WinnersNZ Racing StructureNZRBFoster FoalChristopher GraceFastrack Breeder ProfileNZTBA Breeders Bulletin Autumn 2018Cambridge StudBansha House StablesRodger VarianMichael MoranHiyaamGavelhouseSunlinePhilamorSusan ArcherRobin ArcherWTBAJoan EganSeagramJezabeelLloch-Haven ThoroughbredsJeanette BroomeFlemmington FarmYearnEtah JamesMark LuptonDeloitte ReportThe InformantBryerley ParkSpanish WhisperNahkleOn The RocksAlamosaMare ReturnsXpressmymindShane KennedyRichard CollettRobt DaweArthur AvisWillie and Karen CalderBoticaScott BaseTony PikeLittle Avondale StudDavid EllisAdvantageNZB InsuranceBelle familyMarie LeicesterRaven DarkholmeGus WigleyNZB Pearl SeriesFormidableJohn ThompsonShockingAlan WindleGuy LowryIain RentonXpressionHighden ParkLibby BleakleyDavid Morris BlogDanielle Southey BlogHeniPaul GollanAlphastarThe KingWait A SecSuper EasyInfantryDolcettoDijon BleuUnusual SuspectNZTBA RestructureFree Handicaps 2016-17Sophie's ChoiceTivaci Shuttle2017 Waikato Stallion ParadeSouth Island Foster FoalRide To TimeEminentAuckland Stallion Parade 2017YogiAl Basti EquiworldKaraka MillionPrefermentPrince Of BrooklynChris GraceHard MerchandizeTattyboglerLet Her RipFanaticDavid WalshMapperley StudPucciniWinxVolatile MixBernard SaundryAllureZacintoInglewood StudShamexpressProm QueenVanbrughRageeseSweet LeaderRaise The FlagWhite Robe LodgeWindsor Park StudTurn Me LooseLong Acres StudVerdiNZB South Island SaleFive to MidnightBonniegirlMiss VistaThe Oaks StudJohn WoodMangaroa Flo JoLance Forbes BlogCharmontBelardoJon SnowIffraajTe ArohaMontoyas SecretJanine DunlopRock OnZabeelCameron Ring BlogJomara BloodstockHumidorTivaciNZTROF March 2017WertherWilliam FellGingernutsBonnevalStart WonderingAllan SharrockWhite Robe Lodge HandicapCouleeMelody BelleXtravagantGore GuineasFrank ConwayRaise You TenFerlaxMichael O'KeefeHall of FameGalloping GerteCelia CrawshawLincoln BlueLorna MooreAerovelocityAlan GrovesRemindRomancerNight's WatchRedwoodCylinder BeachGary WallaceColdplayChocanteBuckinghamEmblemLasarlaCameron RingLance ForbesBreeders' Bulletin Summer 2016/17La DiosaZigwigI Am A StarGift Of PowerTarzinoNurse KitchenFlying MontyTrelawney StudLightning StakesSpiethBeyond the BarriersSunset PassMcQuadeUnderthemoonlightMichelle SabaHe's Our RokkiiPeter WalkerOctapussyInside AgentPinsLegless VeuveNZERFPour MoiGraham de GruchyVicki PikeWayne PikeEpisode OneSeason 5Kiwi BredTrain The Trainer WorkshipKylin 500 ClubHoney RiderAuckland Breeder AwardsBrian CollinsGypsy FairRichard WrightACC ForumDavid MillerPer IncantoSaracinoIts Time For MagicAuckland Stallion ParadeMeeska MooskaKawiMakfi StakesDormello StudWaikato Stallion WeekendKick BackMichael SheridanMiss Three StarsChiantiOctasongUpper CutProisir FoalsProisirBreeders Bulletin Winter 2016Stallion Parades 20162015/16 HandicapsKeanoSavabeelBroodmare Of The Year 2016Breeder Of The Year 2016Elusive BoxersWell DoneFalkirkGrangewilliam StudThe Bold OneShowcasingDe GruchySacred ElixirSir Patrick HoganRich HillPentireTattersallsSaratogaCheveley ParkJamie's BlogTe AkauStephen AutridgeJamie RichardsHolly RossHolly's BlogBreeders BulletinBreeders' BulletinBulletinCoolmore IrelandMatt ScownMatthew ScownMatt's BlogWellfield LodgeVespaGilltown StudShadwellBruce's BlogBruce SladeMonty RobertsFasig-TiptonKeenelandDennis BrothersRobert's BlogRobert DennisDylan's BlogDylan TreweekGerry HarveyWinstarTaylor MadeCoolmore AmericaCoolmoreBenji KingBenji's BlogMembershipMembersBRANCH CAPITATIONACC LEVIESOWNERS FEDERATIONPRIMARY ITOHEALTH & SAFETY ACTRace Fields LegislationPattern CommitteeBLOODSTOCK TAXATIONMarch 2016CEO BlogChief Executive's BlogNewmarketHannah's BlogIrish National StudIrelandScholarshipHannah MeeFrankelCheveley Park StudBevan SmithSunline ScholarshipEnglandBevan's BlogShannon TaylorGordon CunninghamDan MyersPhill CataldoBruce HarveyMark TreweekAndrew SeabrookNew Zealand BloodstockImposinglyMakfiImposing LassPeter NewsomJohn BergerLisa LattaRangitikei Gold CupZennistaKay HoodAide MemoireMark ChittyHaunui FarmPerfect FitDalgharAnne-Marie KingBrighthill FarmNick King
TAGS

Emergency support for Racing’s recovery

Racing Minister Winston Peters. Photo: Trish Dunell
Racing Minister Winston Peters. Photo: Trish Dunell

Minister for Racing Winston Peters has announced a $72.5 million dollar COVID-19 emergency support package for the racing industry.

“We can’t guild the lily. The racing industry has been hit by the perfect storm of COVID-19 while in a weak financial state and in the midst of a reform programme,” Peters said. 

“As a result, there is a genuine risk of insolvency and the industry losing the future gains of its reforms.

“The Government has a respond, recover, and rebuild strategy for COVID-19. This announcement is the first step towards a long term restoration of racing.”

The support package consists of:

-               $50 million dollar relief grant for the Racing Industry Transition Agency (RITA)

-               Up to $20 million in funding to construct two new All Weather race tracks.

-               $2.5 million dollars for the Department of Internal Affairs to fast track work on the online gambling revenue, and address loss of revenue impacts on community and sport groups.

“Of the immediate grant, $26 million will be used by RITA to pay its outstanding supplier bill which it hasn’t been able to do because of strangled revenue,” Peters said.

“The other share of this package will ensure RITA, and each of the racing codes, can maintain a baseline functionality and resume racing activities.

“The racing industry is seriously underestimated for its economic contribution. For this reason the Government will also consider recapitalising the industry to help promote a quicker recovery and achieve a greater economic outcome.

“Past studies indicate Racing contributes $1.6 billion to the economy each year. There are 15,000 full-time racing industry jobs and nearly 60,000 jobs which participate in the industry in some shape – from vets to equipment suppliers, and owners. New Zealand Bloodstock is world class and a significant export earner.

“Over the next three months officials will assess recapitalisation options. Ministers will need to be assured industry reforms are making progress to ensure any such future investment is well directed.”

The Government has also approved up to $20 million dollars from the Provincial Growth Fund (PGF) to construct two new synthetic race tracks. The intention is to have one located at Awapuni in the Manawatu, and the other at Riccarton Park in Christchurch. The construction of a track in Cambridge is already underway after receiving $6.5 million in PGF funding.

“Whilst the $20 million has been approved the next step is for RITA and the Codes to consult with the local race clubs on the terms behind these projects,” Peters said. 

“COVID-19 has also impacted on funding available to community and sport organisations which receive a share of gambling revenue. There has also been an increase in New Zealanders gambling offshore through online platforms.

“Both trends are concerning. For that reason the government is fast tracking a programme of work by the DIA to re-evaluate the gambling framework of our community, sporting, and racing groups.” – NZ Racing Desk



 

This product has been added to your cart

CHECKOUT