{"id":777034914,"date":"2025-11-21T07:55:50","date_gmt":"2025-11-21T10:55:50","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777034914"},"modified":"2026-04-21T16:52:34","modified_gmt":"2026-04-21T19:52:34","slug":"greyhounds-in-australia-grnsw-posts-year-on-year-financial-turnaround","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/greyhounds-in-australia-grnsw-posts-year-on-year-financial-turnaround","title":{"rendered":"Greyhound Racing New South Wales hails full-year financial turnaround"},"content":{"rendered":"\n<p>Wagering revenue was up by AU$3.2m year-on-year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Australia.- Greyhound Racing New South Wales (GRNSW) has shared its financial results for the 2024\/25 financial year. It posted an operational surplus of AU$1.49m (US$964.069), representing a AU$18.2m (US$11.7m) turnaround after a loss of AU$16.7m (US$10.9m) in the <a href=\"https:\/\/focusgn.com\/asia-pacific\/greyhounds-in-australia-grnsw-posts-full-year-loss-of-us10-9m\" data-type=\"link\" data-id=\"https:\/\/focusgn.com\/asia-pacific\/greyhounds-in-australia-grnsw-posts-full-year-loss-of-us10-9m\" target=\"_blank\" rel=\"noreferrer noopener\">2023\/24 financial year<\/a>.<\/p>\n\n\n\n<p>Wagering revenue was AU$2.8bn, up by AU$3.2m (US$2m) year-on-year, while direct racing expenses were cut by AU$3.8m (US$2.4m). Cost control across most operating expense categories producing AU$7.7m in savings.<\/p>\n\n\n\n<p>The body noted that it conducted a record number of races, had a record number of starters compete and recorded the third-highest wagering turnover in its history. It also had a record year for the placement of greyhounds in homes through the Greyhounds As Pets programme while major injuries fell to the lowest rate on record. <\/p>\n\n\n\n<p>The measurement of catastrophic injuries per 1,000 starts was 0.15 \u2013 the lowest since records commenced in 2015-16. The past year saw a 27 per cent reduction year-on-year.<\/p>\n\n\n\n<p>Steve Griffin, chief executive officer, said: \u201cWe are very proud of the results shown in the Annual Report. The outcomes which the organisation and the industry have been able to achieve over the last 12 months clearly demonstrate that we are on the right trajectory for a thriving and sustainable future.<\/p>\n\n\n\n<p>\u201cWhat is very pleasing is that in FY24-25 a total of 1,634 greyhounds were pet placed into homes through our GAP domestic and overseas programs, an increase of 11.76 per cent on the previous year. Additionally, during FY24-25, a total of 2,759 greyhounds were desexed in preparation for pet placement, 17.6 per cent up on FY23-24.\u201d<\/p>\n\n\n\n<p>He concluded: \u201cIt is very pleasing to see such results right across the industry, but we cannot &#8211; and will not &#8211; bask in our successes. That is why the industry as a whole, through key stakeholders, clubs, administrators and participants, worked together to introduce the Blueprint for our industry\u2019s future earlier this year.\u201d<\/p>\n\n\n\n<p><br><\/p>\n\n\n<div id=\"see-also-container\">\n\t\t\t<span class=\"see-also-label\">See also:<\/span><\/p>\n<div class=\"related-article\">\n\t\t\t\t<img decoding=\"async\" class=\"related-article__thumbnail\" src=\"https:\/\/focusgn.com\/asia-pacific\/wp-content\/uploads\/sites\/5\/2025\/10\/47b59fd3-8305-4e29-b6b7-4110caecd048-300x200.jpg\" alt=\"\"><\/p>\n<p class=\"related-article__text\">\n\t\t\t\t\t<span class=\"see-also-label-strong\">See also:<\/span> <a href='https:\/\/focusgn.com\/asia-pacific\/ainsworth-board-reaffirms-support-for-novomatics-takeover-bid'>Ainsworth board reaffirms support for Novomatic\u2019s takeover bid\u00a0<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>Wagering revenue was up by AU$3.2m year-on-year.<\/p>\n","protected":false},"author":226,"featured_media":777034920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Greyhound Racing New South Wales (GRNSW) reported an operational surplus of AU$1.49m for FY24\/25, marking a significant AU$18.2m turnaround from the previous year's loss. This was driven by AU$2.8bn in wagering revenue, up AU$3.2m year-on-year, alongside AU$7.7m in cost savings. The entity also achieved record operational metrics and the lowest catastrophic injury rate since 2015-16, underscoring a focus on sustainability and animal welfare.","focusai_entities":"Greyhound Racing New South Wales, GRNSW, Steve Griffin","focusai_location":"Australia, New South Wales","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.8), operator_casino (0.7), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Blueprint ROI Analysis","query":"What are the key performance indicators and projected return on investment for the strategic initiatives outlined in the 'Blueprint for our industry's future,' particularly concerning wagering revenue diversification and participant engagement?"},{"label":"Operational Cost Benchmarking","query":"How do GRNSW's direct racing expenses and operational cost controls benchmark against other regulated racing jurisdictions globally, and what further efficiencies are targeted for the next fiscal cycle?"}],"footnotes":""},"categories":[16336,157],"tags":[289,24995,24996],"class_list":["post-777034914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-australia","tag-greyhound-racing","tag-wagering-turnover"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777034914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777034914"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777034914\/revisions"}],"predecessor-version":[{"id":777034946,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777034914\/revisions\/777034946"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777034920"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777034914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777034914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777034914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}