Harness Racing Victoria states in the strongest terms that what has been expressed only creates fear and uncertainty among the stakeholders the bodies are meant to represent, distracting from the collective efforts to resolve the financial complexity that we all face.
The statement followed a meeting on Monday, August 5, of the Harness Racing Advisory Council. This required quarterly meeting under the Racing Act helps the industry inform decision-making for HRV’s Board and executive.
In the council meeting details were shared to address harness racing’s market competitiveness and potential, immediate and future risks that may impact its financial performance in Victoria.
Transparency was provided in faith to better industry understanding of the realised and potential challenges and ensure everyone works together to build solutions.
It is reckless of these parties to issue a statement representing inaccuracies and undermining industry confidence.
HRV has made it clear in many previous media releases and industry conversations that the changing wagering environment has created numerous financial challenges, which are being felt by all racing authorities.
HRV, with the support of the Victorian Government, is committed to resolving the challenges with and on behalf of the industry for the future viability of harness racing in Victoria.
