The race for profit. (Australia's Melbourne Cup horse race) (includes related article on horse trainer Bart Cummings)

Article Abstract:

New management style has resurrected the economic viability of Australia's Melbourne Cup horse race. Attendance rates, quality of racing, and betting revenue were in decline during the early 1990s. Marketing strategies have reformed the race. The 1998 race has a record high purse and has attracted eight competitors from the Northern Hemisphere. Some race enthusiasts fear that the 1998 Asian economic crisis may hurt the Australian horse breeding industry.

Economic aspects, Popular culture, Melbourne Cup (Horse race)

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The last post for T.J

Article Abstract:

In Australia horse trainer Tommy "T.J." Smith has died. He was born Sept. 3, 1916, and would have been 82 if he had lived a little longer, but he never wanted anyone to know how old he was. He owned stables at Tullock Lodge and never quit going to the races. Smith revoltionized the training of racehorses, using what he learned working with draught horses of his father as a child. He pushed horses much harder to ward fitness than had been the custom.

Biography, Smith, Tommy

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Riding the dragon

Article Abstract:

Horse racing in Hong Kong is enjoying record crowds and higher betting averages despite an economic downturn in the region. Australian trainer David Hayes, who now works in Hong Kong, praises the Hong Kong market, citing no overhead, no bad debt, high prize money and low tax. Hong Kong is a lucrative market for Australian horses.

Hong Kong, Recreation

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