The Government has also approved up to $20 million dollars from the Provincial Growth Fund (PGF) to construct two new synthetic race tracks – one at Awapuni in the Manawatu and the other at Riccarton Park in Christchurch.
The racing industry had also been impacted by funding to community and sport organisations drying up without gambling with more New Zealanders gambling on offshore online platforms.
The Government was fast-tracking work by the Department of Internal Affairs to re-evaluate the gambling framework of our community, sporting, and racing groups, Peters said.
“We are going to make racing great again.”
Peters said the Government’s intention was to regulate the offshore gambling sector and could introduce onshore online gambling in New Zealand.
He said the package wasn’t a bailout for the betting industry as it was “the same approach” taken to the small business funding and media package, both of which he supported.
Peters said they’d “had enough of old men leaning against the rails, scratching their derrieres and blaming everybody else” in the racing industry.
Source & More: https://www.nzherald.co.nz/