HRV announces cost-saving initiatives, prizemoney reductions

02 August 2023
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Harness Racing Victoria (HRV) has today announced $10 million in operational efficiencies and prizemoney reductions following the finalisation of its annual planning and budget.

HRV has forecast a wagering reduction in the 2023/24 season, part of a revenue downturn that requires new cost-saving initiatives in line with its variable income model, which is geared at protecting the industry from further economic challenges.

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