Newson claims that greyhound racing’s real problem is financial

By Bruce Teague

THE live baiting saga is alarming enough but the bigger challenge facing the NSW greyhound industry is finding enough revenue to sustain operations, according to interim CEO Paul Newson in an address to the Central Coast faithful at Gosford Showgrounds this week.

To be sure, he cannot anticipate what the government will do during budget discussions to reduce the state’s tax take. Greyhounds now supply around 20% of the product but get back only 12.5% of TAB commissions since it agreed to a fixed 99-year split between the three codes.

As we pointed out the other day, that deal is more evidence Read full article

Source:: http://www.australianracinggreyhound.com/australian-greyhound-racing/administration/newson-claims-that-greyhound-racings-real-problem-is-financial/64127