Horse Racing Industry

  • Directors fined in racehorse shares probe

    Horse Racing Industry July 19, 2013 6:24 pm

    Australian Bloodstock directors Luke Murrell and Jamie Lovett have been fined for giving false statements to racing authorities over the ownership of the racehorse Hathras. TVN employees Bruce Clark and Dean Pettit have been suspended for three months over their shareholdings in the imported stayer. Murrell and Lovett were fined [...]

  • Sun International buys Eliza Park

    Horse Racing Industry June 21, 2013 7:12 pm

    The Sun International Group has announced it is the buyer of the Australian stud operation of Eliza Park. To be known as Eliza Park International Pty Ltd, the stud will retain the 12 stallions at the farm including Black Caviar’s sire Bel Esprit, while the divisions on each of the [...]

  • Patinack Farm withdraw horses from sale

    Horse Racing Industry June 5, 2013 6:00 pm

    Nathan Tinkler appears set to retain an interest in racing, albeit on a much smaller scale. The remainder of the embattled businessman’s racing stock was set to go to auction at the National Racehorse Sale at the Gold Coast on Friday as part of Patinack Farm’s reduction sale. But Magic [...]

  • Tinkler, Blackwood agree on debt plan

    Horse Racing Industry June 4, 2013 4:24 pm

    Embattled coal entrepreneur Nathan Tinkler has signed an agreement to clear his debt to junior miner Blackwood Corporation but investors seem to have taken a wait-and-see approach on the deal. Blackwood shares sat unchanged at five cents after the company announced it had signed a deed of settlement and release [...]

  • Tinkler settles legal dispute for $12m

    Horse Racing Industry June 4, 2013 1:00 pm

    Embattled coal baron Nathan Tinkler has agreed to pay $12 million to settle an outstanding $28.4 million share placement debt with miner Blackwood Corporation. Blackwood and Tinkler have entered a Deed of Settlement and Release under which Tinkler’s companies will pay $12 million to Blackwood to terminate a Share Placement [...]

  • Chris Waller calls for more owners’ assistance

    Horse Racing Industry June 1, 2013 5:42 pm

    Premier Sydney trainer Chris Waller has hit out at increased costs announced by the Australian Turf Club this week but says industrial action is not the answer. Waller says the costs to owners are already too high and the ATC’s intention to increase stable rents and introduce key performance indicators [...]

  • Racing NSW boss defends job losses

    Horse Racing Industry May 30, 2013 4:24 pm

    Racing NSW chairman John Messara has backed the Australian Turf Club’s plans to shed up to 10 percent of his workforce. In a shake-up of its operations which the Sydney racing club says has been forced because of dwindling wagering revenue, increased operating costs and poor autumn carnival figures, the [...]

  • ATC restructure to cost jobs: CEO

    Horse Racing Industry May 29, 2013 4:06 pm

    Job losses have been announced as part of a restructure of operations at the Australian Turf Club. ATC chief executive Darren Pearce said a downturn in revenue during the redevelopment of Randwick racecourse, high operating costs and the stagnation in the growth of wagering revenue, had forced the thoroughbred club [...]

  • Patinack racing team to be sold at auction

    Horse Racing Industry April 12, 2013 3:18 pm

    Nathan Tinkler’s entire racing stable will be sold at public auction next month. More than 200 horses racing under the banner of Tinkler’s Patinack Farm will be sold through bloodstock auction house Magic Millions during its annual National Sale. The announcement of the dispersal comes 24 hours after Sydney-based bloodstock [...]

  • Cheats will be caught: Vic racing chief

    Horse Racing Industry April 4, 2013 1:12 pm

    Horse racing cheats will be caught, with integrity to be the number one priority in the sport, Victoria’s racing chief says. Racing Victoria chief executive officer Bernard Saundry said there may be small pockets of people who want to try to beat the system, but that can happen in any [...]

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