WHILE Queensland and to a lesser degree South Australian racing are on their knees with most of their licensees struggling to survive, foreign-owned corporate bookmaker Sportsbet revenue and customer numbers have far exceeded those of local giant Tabcorp and other competitors in the Australian market.

Sportsbet's underlying operating profit in the six months to June hit $75.7 million, according to a report in the Financial Review last week.

The results also revealed Sportsbet's active customers in Australia rose 13 per cent to 688,000, compared to the 475,000 customers Tabcorp revealed in its full 2017 financial results last week.

Little wonder Sportsbet so strongly opposed the Tabcorp merger with Tatts.

IN the wake of the on-going controversy that has engulfed the redevelopment of Eagle Farm, TERRY BUTTS reports in his ‘SILKS & SADDLES’ column that a cloud also hangs over the upgrade of the Cluden track in Townsville.

Butts writes:

TO many a cloud still hangs over the Eagle Farm track with more questions than answers.

The same in Townsville that also has a $6 million Evergreen track that has deteriorated significantly in the past six months and is about to undergo renovation – again to be funded by Racing Queensland, which obviously accepts some blame for its deterioration in the past six months.


PETER MOODY, Townsville’s special guest over the Cup carnival, had a swipe at officialdom during an entertaining speech at last Friday’s Calcutta.

Moody was not a wrap for the current administration – and the way racing is going in Queensland – and he is certainly not alone there.

He gave special mention to the recent appointment of a new senior steward which set the tongues wagging.

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