Media Release - GRSA Announces Increases...
GRSA ANNOUNCES INCREASES TO INDUSTRY RETURNS
Greyhound Racing SA (GRSA) today announced that it will be able to raise returns to the industry from July 1 of this year, and then again upon the commencement of racing at Murray Bridge. The increases will have a full year value of more than half a million dollars in 2019.
As of July 1, Thursday Night Angle Park stakemoney across all grades will increase by 5%, reflecting the key role that the premier weekly meeting plays in attracting the highest quality outcomes from local breeding and interstate acquisitions. Additionally, the existing $15 unplaced payment that currently applies to a majority of SA greyhound races will be replaced by a new $20 Trainer Raceday Subsidy (TRS) with 100% of that payment being allocated directly to trainers. For clarity, this payment will be made in addition to the $60 trainer rebate and will be allocated to unplaced greyhounds under circumstances wherein the $15 payment would have previously applied. This new subsidy recognises the real costs and investment of time associated with bringing greyhounds to the track to compete.
Immediately upon the commencement of racing at Murray Bridge, the main weekly meeting at that venue – on the one-turn track – will be conducted at the Category 2 stakemoney level which currently applies to only the Monday and Tuesday timeslots. When Murray Bridge is up and running the number of weekly Category 2 meetings will increase from 2 to 3, and participants will have with the opportunity to compete for that stakemoney level at each of the three main TAB tracks in and around Adelaide. On the current draft of the Sky weekly schedule, Category 2 meetings would be conducted at Gawler on a Sunday, Murray Bridge on a Monday night and Angle Park on a Tuesday.
Further to these initiatives, GRSA has previously committed to doubling the breeder component of the SA Bred scheme from July 1, 2019.
GRSA CEO Matt Corby stated that the above strategies will only add further to the momentum that is currently evident within the greyhound racing industry in South Australia
“Whilst the new development at Murray Bridge has warranted a more conservative approach to industry returns in recent times, it is hoped that this news will serve as a shot in the arm for confidence in this state. These changes are focused on countering the real costs of participation and ensuring that the South Australian greyhound racing industry continues to be a dynamic and sustainable one,” Matt Corby said.
A more detailed update in relation to these increases – as well as a number of other industry developments – will be provided in a series of Industry Information and Engagement sessions to be held in regional hubs (Gawler, Murray Bridge and Mount Gambier) in early June.
For more information, please contact:
Cathy Gray, Director
E: [email protected] M: 0412 515 819
@grayspr #grayspr