By AAP
Racing prizemoney is on the chopping block in Queensland as Racing Queensland (RQ) comes to terms with a projected loss of $28 million this financial year.
That’s $7 million worse off than Premier Annastacia Palaszczuk predicted RQ would be just last month, when a damning report was handed down into animal cruelty in the state’s greyhound industry.
But Racing Minister Bill Byrne in parliament on Thursday pointed to several factors that has caused the anticipated revenue gap to be “far worse than we thought”.
“Revenue assumptions were simply wrong, while expenditure grew unsustainably,” Mr Byrne said.
The minister said RQ budgeted for an unrealistic Read full article
Source:: http://www.justhorseracing.com.au/news/australian-racing/racing-qlds-books-worse-than-thought/289355
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