This morning I stumbled across the following extract taken from media release issued by Mark Read Media.

At the National Racing Conference in Sydney this week the keynote speaker Peter V'Landys, Chief Executive of NSW Racing, told the assembly that wagering providers must change their business model and charge the consumer more because after all the "punter doesn't know the difference whether you are taking 4% or 14% out of his dollar".

(Mark Read media release published 10/12/08)

Please don't let me start on the damage that government has made to NSW racing and close to my heart, the greyhound industry. Albeit the CEO of a body set up by the government, we certainly don't need a supposed ally/member of the industry, Mr V'Landys, making statements like this. What hope is there? Changes in wagering to the thoroughbred industry would of course also apply to the greyhound and harness industries.