Bren O'Brien

Star Thoroughbreds is hoping to repeat the formula which led to a $4.15 million windfall for Espiona last August when it offers Group 1-placed Olentia at next month’s Magic Millions Virtual Sale.

In a financial year where it conducted a merger, an acquisition and another attempted buyout of a key rival, betr has posted its first positive EBITDA result.

The headlines surrounding the Melbourne Cup’s elevation to an eight-figure race are somewhat different to when it reached the seven-figure milestone in 1985, writes Bren O’Brien.

The tide of gambling taxes is rising globally, with British racing facing an existential triple threat while bettors in the United States are being targeted. Australia knows the script well, but what does it mean for the future of racing? Bren O’Brien investigates.

Australia’s two biggest turnover races, the Melbourne Cup and Cox Plate, have had their purses boosted to record levels, while Racing Victoria has also heavily invested in maidens as it realigns its prize money priorities.

Australian Turf Club chairman Peter McGauran has resigned his position with the board following the fallout from the failed proposal to sell Rosehill racecourse.

Sports Entertainment Group is set to acquire Victorian racing industry-owned racing radio station RSN for $3.25 million in a deal which will see it become the sole dedicated radio broadcaster of racing in Victoria.