Racing Victoria

https://www.racingvictoria.com.au/
https://www.linkedin.com/company/racing-victoria-limited/

Racing Victoria is a privately owned Australian company established in 2001. Its primary activity is the governance of the Victorian thoroughbred racing industry. Employing approximately 310 people, the company's revenue in 2023 was less than $500 million. Its headquarters are located in Australia.

2024 Revenue

Founded

Headcount

304

Headquarters

Australia

Primary Segment

Riding and animal sports

Ownership

Privately Owned

News Summary:

On Tuesday, October 3, Racing Victoria's chief handicapper David Hegan announced the weights for the Melbourne Cup and the Caulfield Cup. Al Riffa, winner of the Irish St Leger, and Via Sistina, the reigning Horse of the Year, will carry topweight of 59kg in the $10 million Melbourne Cup on November 4. The weights for both races were released at noon on Tuesday. Hegan also discussed his weight allocation decisions on The Verdict with Michael Felgate. Separately, on Wednesday, October 4, Racing Victoria announced that Melbourne Cup hopeful Basilinna will undergo surgery to remove bone chips and will be unable to compete this spring.

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Racing Victoria offers 3 products in the media and telecoms services and sports industries. Racing Victoria's product portfolio comprises of media and TV services and riding and animal sports.

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Racing Victoria's revenues were less than $500M in 2024. Caretta Research has split Racing Victoria's revenue into 2 different product categories, the largest of which is horse racing. For full access to Racing Victoria's revenue breakdown subscribe to Caretta Portal.

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Dec

3rd

2025

22:30

B2B Tag

More than a feeling – Does the Australian tote still have a pulse? – The Straight

Gillon McLachlan has made the formation of a national tote the centrepiece of his reform of Tabcorp since taking over as chief executive in August 2024. For the one-time wagering behemoth, there is a lot more at play than just extra liquidity.

Thestraight (com.au)

Dec

3rd

2025

21:16

B2B Tag

A race club without a racecourse: How Moonee Valley Racing Club navigates closure, costs and a new era – The Straight

The last race at Moonee Valley may have been run ahead of a massive redevelopment, but that doesn’t mean the MVRC is closed for business. Far from it. The Moonee Valley racecourse, as we knew it, was last used on Cox Plate day this year.

Thestraight (com.au)

Dec

3rd

2025

00:15

Partnerships and Alliances, Operational Challenges, B2B Tag

‘Populism doesn’t pay the bills’ – Call for racing’s leaders to step up to big ticket industry challenges – The Straight

Experienced racing executive Charlotte Mills has warned that the Australian thoroughbred industry is running out of time to address its major challenges and has urged the industry’s leaders to act decisively, do what is right, not what may be popular.

Thestraight (com.au)

Dec

2nd

2025

04:59

B2B Tag

Who stands up for racing’s future? What Australia can learn from Britain’s racing tax reprieve – The Straight

The complex relationship between wagering and racing makes it hard to determine whether the British thoroughbred industry will ultimately be better off despite dodging a feared rise in betting tax. The situation should act as a lesson for Australia, writes Bren O’Brien.

Thestraight (com.au)

Dec

1st

2025

22:07

B2B Tag

Bedggood rues scratching as Kingswood eyes Ballarat redemption

Gavin Bedggood enjoyed Stakes success at Caulfield on Saturday, but the Cranbourne trainer didn’t leave fully satisfied. He realised before the meeting began that he’d made the wrong call with dependable gelding Kingswood. Bedggood scratched the favourite from the Eclipse Stakes, believing the Soft 7 surface would be unsuitable, only for the expected rain to miss and the track upgraded to Soft 6 early in the program.

Just Racing

Nov

30th

2025

18:30

B2B Tag

RV confirms new scratching fees

Racing Victoria has confirmed that a new scratching free structure - that is expected will ultimately strengthen field sizes and improve wagering - will be in place in Victoria from February 1 next year. RV explained in a release on Monday morning that the fee structure applies for professional flat races (excluding Group and Listed races) and jumps races and brings Victoria into line with the model in other states where fees are structured around the declaration of a rider.

Racing.com

Nov

29th

2025

20:00

B2B Tag

She’s A Hustler stakes Caulfield Cup claims with Zipping Classic triumph

She’s A Hustler delivered a compelling first-up performance over 2400 metres at Caulfield, strengthening her case for a Caulfield Cup bid next spring. The Grahame Begg-trained mare notched her maiden Group 2 victory in the $750,000 weight-for-age Zipping Classic, reeling in dual Group 1 winner Light Infantry Man.

Just Racing

Nov

27th

2025

07:15

B2B Tag

Asian Pattern Committee to meet on Australia’s black-type uncertainty – The Straight

Asian Pattern Committee delegates are set to meet this week to discuss Australia’s black-type program and its place within international conventions. The Warra is one of a number of upgraded NSW races which hasn’t be internationally recognised on pedigrees.

Thestraight (com.au)

Nov

13th

2025

07:03

Financial Results, Cost Cutting, Corporate Restructuring, CT_Monitor Company

Racing Victoria aims to break even as deficit improves amid restructure

RV released the annual report on Wednesday, which included “slightly” better than budgeted result driven by reductions in headcount, inefficiencies and expenditure. RV chief executive Aaron Morrison has ambitions to break even again next year. RV reported 11 consecutive surpluses before a budgeted $11.8m net deficit last year as wagering, in particular, declined post the Covid boom while running costs exploded.

The Daily Telegraph

Nov

12th

2025

18:30

Financial Results, Corporate Restructuring, CT_Monitor Company

Victorian racing remains the product of choice as financial health continues to improve

Today’s release of Racing Victoria’s (RV) 2025 Annual Report has reaffirmed Victorian Thoroughbred Racing’s (VTR) position as the industry leader with the state playing host to the most watched, wagered and attended race meetings in Australia throughout the Financial Year ended 30 June 2025 (FY25).

Racing Victoria

Nov

12th

2025

18:30

CT_Monitor Company

LISTEN NOW: The Verdict podcast!

Michael Felgate brings you the latest ahead of Saturday's exciting meeting at Caulfield. He got the latest from Luke Oliver about the luckless Teine Aulelei before catching up with John McArdle, who has the hot favourite - My Gladiola - in the $1 million Move To Strike Thoroughbred Club Stakes.

Racing.com

Nov

11th

2025

18:30

CT_Monitor Company

MCC attracts 286,000 attendees with spectacular racing and growth

Racing The racing at the 2025 Melbourne Cup Carnival was fitting of such a prestigious event, headlined by Jamie Melham’s historic victory in the Lexus Melbourne Cup. Melham became only the second female jockey to win the race, a decade after Michelle Payne’s win aboard Prince of Penzance.

Victoria Racing Club

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Racing Victoria sells broadcasting rights of its 2 horse racing competitions to 5 companies globally, covering 4 countries. Racing Victoria's rights holders include Racing.com, Seven Network and RSN Racing & Sport.