{"id":512079,"date":"2025-10-19T14:10:22","date_gmt":"2025-10-19T14:10:22","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/512079\/"},"modified":"2025-10-19T14:10:22","modified_gmt":"2025-10-19T14:10:22","slug":"hopes-to-expand-crowd-capacity-at-royal-randwick-as-race-proves-financial-bonanza","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/512079\/","title":{"rendered":"Hopes to expand crowd capacity at Royal Randwick as race proves financial bonanza"},"content":{"rendered":"

V\u2019landys said record international betting turnover and added exposure through maiden broadcasts on DAZN and Fox Sports 1 in America, which opened the race to a potential audience of more than 500 million, were also major positives.<\/p>\n

\u201cBoth really promoted the event on their channels, so it\u2019s only going to continue to grow into an international event,\u201d he said.<\/p>\n

\n

\u2018The atmosphere that the Everest meeting generates, people just can\u2019t describe it.\u2019<\/p>\n

Racing NSW CEO Peter V\u2019landys<\/p><\/blockquote>\n

\u201cAs [Hong Kong Jockey Club CEO] Winfried [Engelbrecht-Bresges] said, this really develops international racing because to get success in Australia with a sprinter is very rare.\u201d<\/p>\n

The positives come amid a tumultuous time for Sydney racing. Racing NSW issued the ATC, which operates Sydney\u2019s four thoroughbred racetracks and owns them all except Randwick, with a show cause notice on September 19 as to why an administrator should not be appointed to replace the board over concerns about the club\u2019s finances and corporate governance.<\/p>\n

It came after the sacking of CEO Matt Galanos and then the resignation of directors Ben Bayot and Natalie Hewson that week, which left the ATC board with just four members. ATC chairman Tim Hale told members the club was asset-rich, financially strong, and solvent.<\/p>\n

Racing NSW later outlined its reasons, including doubts about the club\u2019s ability to repay a $30 million bank debt due late next year. Initially given two weeks to respond, the ATC\u2019s deadline was moved to this Friday, to keep the focus on the Everest.<\/p>\n

\"David<\/p>\n

David Hayes and Zac Purton celebrate victory in The Everest.Credit: Getty Images<\/p>\n

\u201cAt this stage, we\u2019ve only given them a show-cause notice to tell us how they\u2019re going to improve, and then we\u2019ll sit down with them in the next couple of weeks to go through it,\u201d V\u2019landys said.<\/p>\n

He said \u201cthe [ATC] club will make a fortune\u201d from Everest day revenue, including its percentage of betting turnover.<\/p>\n

\u201cBecause the way it\u2019s structured, any bets internationally, they get direct, so that will make one to two million,\u201d he said.<\/p>\n

\u201cPlus, they never had the Everest before. We pay for the race, but any revenues go to them. All the ticket sales, international rights, digital rights, go to the ATC, so the Everest has been a windfall for them.\u201d<\/p>\n

\"Crowds<\/p>\n

Crowds at Royal Randwick on Saturday.Credit: Flavio Brancaleone<\/p>\n

The Racing NSW boss said there was room for growth next year at Randwick, which was at capacity on Saturday. Hospitality included the new Base Camp VIP area, which V\u2019landys said Racing NSW spent $9 million to create.<\/p>\n

\u201cWe have to talk to the ATC, but the in-field in the old days used to be used and there\u2019s no reason why we can\u2019t put in an up-market area in there,\u201d he said.<\/p>\n

Loading<\/p>\n

\u201cWe\u2019ve got no space left on the other side unless we extend the Winx Stand. When we built it, we engineered it so you could put extra floors on. But, we fund it, so anything that happens, we pay for it.<\/p>\n

\u201cWe\u2019ll probably do the [having spectators in the] infield for next year, and we\u2019ll plan to put another level on the Winx Stand.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"V\u2019landys said record international betting turnover and added exposure through maiden broadcasts on DAZN and Fox Sports 1…\n","protected":false},"author":2,"featured_media":512080,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4107],"tags":[1071,79,16,15],"class_list":{"0":"post-512079","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-racing","8":"tag-racing","9":"tag-sports","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115401237684542210","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/512079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=512079"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/512079\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/512080"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=512079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=512079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=512079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}