Racing Victoria Revenue and Competitors

Racing Victoria's vision is ‘to enhance the Victorian thoroughbred racing industry's position as a leading world-class sporting industry, delivering integrity, quality and entertainment'. On 17 December 2001, Racing Victoria (RV) was registered as a public company limited by guarantee under the Corporations Act. On 19 December 2001, RV assumed the functions and responsibilities as the new Principal Club (now known as the Principal Racing Authority) governing thoroughbred racing in Victoria. This coincided with the commencement of the Racing (Racing Victoria Ltd) Act 2001. Prior to RV's establishment, the Victoria Racing Club had responsibility as the Principal Club in Victoria. RV was established with the support of the racing clubs, racing industry bodies and the State Government to provide independent governance of thoroughbred racing in Victoria.