Racing industry welcomes revenue boost

Thoroughbred Racing SA has welcomed an all-clear for wagering tax reforms which will channel millions of dollars into South Australia's racing industry.
Sport and Racing Minister Michael Wright says $3.5 million will be allocated in the initial phase.
The state's racing codes have agreed to adopt key recommendations of the Bentley report and the South Australian Government will start paying money from wagering tax reforms from July 1 next year.
Chief executive of Thoroughbred Racing SA, Ian Hart, says the industry expects to be receiving about $8 million annually from tax receipts by 2013.
"It is affirmation I think that the Government have not only recognised the racing industry's need at this time but also it's an understanding of how important the industry is to the state of South Australia in terms of jobs and economic impact," he said.