Greyhound Racing SA - Annual Report
GRSA has released its Annual Report for the 2018 financial year, comprising a number of highlights as the sport in South Australia continues to move forward with clear momentum including:
- The commencement of construction on the new $8.5 million dual track facility at Murray Bridge (with a view to commencing racing before 2019)
- The commencement of the largest prison partnership in the world at Mobilong Prison in Murray Bridge incorporating kennelling capacity for 16 greyhounds
- An investment of just less than $1.5 million on GAP and rehoming initiatives
- A total of 639 greyhounds either being either rehomed through GAP, taken up by owners or connections or retired to breeding
- The introduction of a Local Rule which prohibits unnecessary euthanasia and compels rehoming
- Maintenance of wagering revenue levels from the previous year despite the introduction (in isolation) of a Point of Consumption Tax within South Australia, after a run of growth over recent years
- The continued demonstration of strong cash-flows and a healthy balance sheet
The Chairman of GRSA, Grantley Stevens, observed that the “industry is currently in a very strong position and is perfectly placed to leverage the investment of recent years and the strength of the sport’s brand in South Australia.”
He added that “At a local level, our sport continues to set the highest possible standard for performance in relation to racing and welfare. No racing body in any state returns a greater percentage of its revenue back into welfare and rehoming. We remain grateful for the support that we receive from the South Australian public and are committed to repaying that trust through our ongoing performance.”
The new venue at Murray Bridge will play a pivotal role in preserving and growing participation in the region and provide for diverse racing opportunities that have previously been lacking in this state.
A copy of the Annual Report can also be accessed from the GRSA website at www.grsa.com.au.
NOTES
- The South Australian industry contributes an economic impact of more than $58 million on the local economy each year
- Almost 3,000 South Australians are employed by (500 FTE), or engaged in, the sport of greyhound racing as workers, participants or volunteers
- GRSA continually strives to be a world leader in the regulation and conduct of the sport of greyhound racing
- The sport of greyhound racing contributes impacts the national economy in the amount of $1.1 billion annually and supports the employment of more than 7,000 FTE workers
For further information, please contact:
Cathy McHugh, Grays PR
M: 0412 515 819
E: [email protected]