NEW VOBIS GOLD SCHEME – A Real Win for Owners and Trainers / Victoria / 16 Nov, 2011

Owners and trainers are set to be the big winners from the new VOBIS Gold Scheme.

The scheme announced by the Racing Minister Denis Napthine will deliver a substantial boost to prize money for owners and trainers of successful horses nominated and eligible for the VOBIS Gold Scheme at race meetings in both country and metropolitan Victoria.

Commencing in the 2012/2013 season, with VOBIS Gold bonuses for eligible 2010 foals, during their 2yo season, the Scheme will continue to offer bonuses for eligible horses as three and four year olds. At current prize money levels, Super VOBIS and VOBIS Gold qualified horses in $12,000 Country races will race for first prize money of $25,235 (non-qualified $6825); in Mid-week Metropolitan races for first prize money of $37,263 (non-qualified $18,363); and Saturday and Public Holiday Metropolitan races for first prize money of $72,800 (non-qualified $42,700).

The ATA has been consulted extensively by RVL through Owners and Breeders Manager Richard Andrews in the development of the VOBIS Gold Scheme, and the ATA Victorian Branch Committee has strongly endorsed the substantial boost to prize money that VOBIS Gold will deliver.

ATA Chief Executive John Alducci who has been involved in the consultation process hailed the financial benefits it will deliver to trainers through the massive boost to trainers prize money percentages.

He also acknowledged the crucial support of the Victorian State Government through the Racing Minister Denis Napthine which has enabled VOBIS Gold to become a reality.

“The $6.8 million funding over the next four years that has been provided for VOBIS Gold from the Racing Industry Fund is a clear demonstration of support and commitment from the State Government for the Victorian racing industry - for breeders, owners and trainers.

“We must acknowledge the role of Denis Napthine in supporting Victorian racing. He has been outstanding in his support for so many vital infrastructure projects as well, and now with this major boost to prize money, the Racing Industry Fund has enabled all of this to become a reality”, he said.

The Racing Industry Fund, which is based on the return of unclaimed dividends to the Victorian racing industry, was established by the State Government through the initiative of the Racing Minister. The return of unclaimed dividends to the Victorian racing industry was strongly advocated by the ATA, which the industry is now clearly enjoying the benefits of.

CLICK HERE for more information on the NEW VOBIS Gold Incentive Scheme