Partial extract from SMH article today. Vlandys has defied turnover issues.
Spring becoming big business as Sydney bucks national trends
By Chris Roots
December 8, 2019 — 3.49pm
The success of the extended spring carnival has Sydney racing defying national trends in betting, crowds and corporate hospitality figures.
The spring has recovered the losses in betting turnover from the first quarter of the year, with betting on the Everest up three per cent year-on-year and the Golden Eagle surpassing all expectations.
“We were like everyone else in Australia until September, our betting figures were horrible,” Racing NSW chief executive Peter V’landys said. “In the spring we were able to increase our market share with the new races and that has offset the slow start to the year. We are where we were last year now.”
The Everest holds its place as the biggest betting race in NSW with the Golden Eagle dropping in at number three behind the Queen Elizabeth Stakes for 2019.
“Punters wanted to bet on the Golden Eagle in its first year because of the quality of the field,” V’landys said. “It is only going to grow. It would have been the second-best betting race of the year but this year’s Queen Elizabeth was huge, being Winx’s last race.”
The Australian Turf Club reported a 36 per cent lift in the corporate side of its race day business with The Everest and Golden Eagle becoming must-see events on the Sydney calendar.
It has prompted Racing NSW to put all corporate and dining tickets on sale for the autumn and spring carnivals before Christmas to give businesses and the public the chance to get in early.
“Corporate hospitality is growing and is defying the trend around Australia,” ATC executive general manager commercial, Corina Black, said.
“Our feedback from our clients is that a day at the races is better value for money because you get a full day with your clients.
“The corporate cycle is to plan for next spring at this time of the year, so that is why we have put all our packages for next year on sale now. It gives an opportunity to lock in days like the Golden Slipper, The Championships and The Everest and the Golden Eagle very early.”