Arena Racing Company (ARC) has confirmed the inbound appointment of Brendan Parnell as Managing Director of its Media and International units. The former Chief Executive of Racing Queensland (2018-2022), Parnell will join the ARC executive leadership team in spring 2023, taking charge of the company’s media rights strategy for domestic and international markets. ARC underlined Parnell’s proven experience in negotiating …
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The Palaszczuk Government has revealed that it is delivering a boost to Queensland’s racing industry with a new sustainable funding model. With a key focus on country racing, Treasurer and Minister for Trade and Investment Cameron Dick said the model recognises ‘significant changes’ that have occurred in the racing industry and the important role country clubs play in regional communities. The …
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Australia ASX-listed gambling group Tabcorp Holdings faces a legal dispute with Racing Queensland related to Australian betting’s new point-of-consumption (POC) tax charge. Unable to reach an agreement on POC ‘additional payments’, the governance of Racing Queensland has moved to file a Supreme Court challenge against Tabcorp subsidiary UBET Queensland. Implementing its state budget mandate, in October 2018 the Queensland government …
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Australian gaming operator Tabcorp has confirmed a major two-year sponsorship deal with the Brisbane Racing Club and hopes to broker several more deals with Racing Queensland. Racing Queensland’s chief executive Brendan Parnell noted that this deal would be the first in the state’s racing industry, and expects many more deals to follow. He commented: “RQ is thrilled to see Tabcorp …
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Racing Queensland has announced changes to its race information fees structure, effective from today. The organisation said it was critical the industry received a return on the significant investment it makes in hosting meetings. “In recent years we have seen the amount of money wagered increasing but revenues back to the industry have been declining, which is simply not sustainable,” …
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