GRNSW is pleased to announce the release of its Strategic Plan for 2018-2021. This Strategic Plan is the first released by GRNSW as the reconstituted commercial arm of the greyhound racing industry in NSW from 1 July 2018 under the new Greyhound Racing Act 2017 (NSW). The Strategic Plan has been prepared in accordance with that Act and the Operating Licence granted to GRNSW by the Minister. It follows extensive consultation and engagement with industry participants and stakeholders, and reflects the outcome of those consultations in addition to GRNSW’s functions and objectives in the new industry model.
In this 2018-2021 Strategic Plan, GRNSW sets out its vision to see greyhound racing in NSW embraced as socially responsible, world leading racing entertainment. To achieve this vision, GRNSW will be driving change through its three strategic pillars:
- Responsible – welfare remains a key priority for GRNSW. Over the next three years, GRNSW will focus on its goals of modernising racing integrity, supporting the provision of care for all aspects of a greyhound lifecycle, enhancing rehoming, and providing a safe racing environment that reduces injuries. Specific initiatives include improvements to track design and safety, enhancements to the grading policy, and increasing rehoming capacity, amongst others.
- Competitive – GRNSW is committed to driving commercial growth across the industry. This will be achieved by pursuing goals surrounding increased prize money, sharing of revenue growth, diversification of revenue streams and enhancements to the racing experience of participants. GRNSW has already put into place on of its key initiatives under this pillar: greyhound racing’s richest race, the Million Dollar Chase (which also complements the other two pillars). GRNSW will also be focusing on race scheduling to maximise wagering potential, investment in growing club revenue, and advocating for maximisation of the industry’s share of revenue under wagering legislation and agreements.
- Sustainable – vital to the continued success of the industry is financial sustainability, and the ongoing social contribution to the community. GRNSW’s goals include optimisation of the race track portfolio, the optimal operation of registered clubs, and the benefits we give back to communities. Initiatives include developing an optimised race track portfolio by looking at new and existing assets, and developing community engagement plans and expectations for clubs.Underlying the three strategic pillars are the two core enables: the new industry model and stakeholder engagement. The Strategic Plan describes the new industry model which took effect from 1 July 2018 with the introduction of the Greyhound Welfare & Integrity Commission, and what it means for industry stakeholders. The Strategic Plan also details GRNSW’s approach to continued stakeholder engagement, which has been invaluable to GRNSW to date and is vital to the ongoing success of the industry.
GRNSW is required to prepare a further strategic plan at least every 3 years.
You can read more in GRNSW’s Strategic Plan for 2018-2021 online here.