Schalke Partners With Leverage Agency Hagen Searching For New Arena Partner Names In The News Citic Group Close To Celta Vigo Takeover Gymnastics World Cup Moves To London Executive Transactions Oman FA Names Coke Official Sponsor Tottenham To Promote Youth Football Footy Friday To Cost Victoria A$1B BCCI Says IPL Worth $4.5 Billion
SBD Global/November 15, 2013/Leagues and Governing BodiesPrint All
Racing Victoria "is trapped between spiralling costs and stagnant gambling revenue, forcing it to cut costs and ponder ambitious program changes designed to boost wagering from offshore markets," according to Michael Lynch of THE AGE. The result is likely to be more night meetings, "designed to dovetail into the right time zones for Asia and Europe." It is also likely to lead to a concentration of quality product on fewer days, "particularly in the late summer and autumn, in a bid to drive wagering growth and boost on-track attendances." The sport's rulers "are also looking to foster increased interest from women across all sectors of the industry, not just as racegoers but also as participants." The rise of corporate bookmakers and the rapid explosion of digital technology, "which has changed the media and wagering landscape, has hit the industry and it is floundering as it seeks ways to rebuild its revenue base." RV CEO Bernard Saundry said, "We have a A$5 billion wagering market which is growing at 1 to 2 percent a year, while our costs are growing at 3-4 percent a year." Chair Rob Roulston said that "the industry was struggling to adjust to the new reality where it was no longer completely subsidised by generous payments from a monopoly tote." Roulston: "Costs have to be looked at, we won't compromise on service but that does not mean you can't cut costs and maintain services" (THE AGE, 11/15).
The man responsible for overseeing the drug testing of Jamaica's Olympic athletes, including its vaunted sprinters, "may not have received all of the graduate degrees on his résumé." A review conducted by The Wall Street Journal "could not verify" that Jamaica Anti-Doping Commission Chair Herbert George Elliott earned a master's in chemistry from Columbia University and a medical degree and a Ph.D. in biochemistry from Université Libre de Bruxelles (WALL STREET JOURNAL, 11/13). ... The Japanese baseball players association "has accepted revisions to the current posting system that allows Japanese players ineligible for free agency to move to the majors, limited to a period of two years" (KYODO, 11/14).