The Annual Reports for Racing Queensland and QRIC were tabled in parliment yesterday.
The costs of the Q have come back to kill the greyhound code. The original project was supposed to cost $49M from the Racing infrastructure Funding. These were the costings that the RQ staff at the time estimated and applied for. There is no amendment to the application from the fund. It was then a surprise to no one that this amount was well and truely a fiction.
The balance was to be paid by Racing Queensland, which in turn came directly from the Greyhound Code funds. There were grants allocated which put the code in a profit of $52M for the 2024/2025 year and if done correctly would cover the losses of this year 2025/2026.
Greyhound code 2024/2025 Profit $54,508,000
Greyhound code 2025/2026 Loss $23,520,000
A two year profit of $30,988,000
These report hide an amount of $20,085,000 (for all three code) paid from RQ to QRIC to cover their integrity function as demanded by the Racing Integrity Act 2016.
Find the reports here








