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The Magic Millions Yearling Sale on the Gold Coast concluded on Monday, with $217 million changing hands but the circumspect nature of the middle to lower end of the market was on full display during Book 2.

Bren O’Brien spent last week on the Gold Coast and reports that while the temperature may have come out of the bloodstock market, the uncertain conditions in the wagering industry also point to a stormy 2025.

Yulong has forged a reputation as the biggest investor in Australian thoroughbred racing over the past five years, but while Zhang Yuesheng largely kept his bidding hand down on the first day of the Magic Millions Yearling Sale, his huge breeding operation still made headlines.

With the rich two-year-old feature sales races on the Gold Coast and in Sydney fast approaching, this week’s Run The Numbers examines looks at the emerging success of the yearling sales graduates from 2024 as well as the decline in two-year-old participation across Australia.

During a lifetime in the wagering industry, Gerard Daffy has seen it all. And he has bet on a lot more as one of the true survivors in the Australian sports betting sector.

While Tabcorp is preparing for a business reset under Gillon McLachlan, the results were much better in 2024 for two rival wagering companies listed on the Australian Stock Exchange.

David Moodie failed in his ambition to rationalise Victoria’s metropolitan race clubs. The ex-Racing Victoria chairman tells Matt Stewart the current challenges have not changed his view.