Gosford Race Club chairman Mr Michael Cusick gas announced a $4.3 million upgrade of customer facilities at Gosford Racecourse which will enhance patron comfort when attending events at Gosford Racecourse.
These works will be funded completely out of Gosford Race Club cash reserves. “The Club realises the importance of offering a premium experience for patrons who attend events at Gosford Racecourse and we are in a position to fund these upgrades with no assistance from Racing NSW which I am confident will be well received and lead to greater raceday and non raceday attendances,” stated Cusick
.“We recognise that racecourse facilities must keep pace with a discerning customer, and over the past four years the Gosford Race Club has worked closely with Robertson and Marks Architects to finalise a plan that achieves our Strategic Objective of becoming a multipurpose community entertainment facility maximising our non raceday revenue opportunities,” stated Cusick. It is expected that works will begin from Friday, June 6, and will be completed by October 17.
It is not envisaged that the Club’s racing schedule will be impacted although there will be restrictions placed on customer facilities through the construction period. “We have done all the hard yards and made all the tough decisions over the past few years to ensure our business is profitable,” stated Cusick. “Gosford Race Club is cash and asset rich, with a youthful and vibrant Board and an innovative and energetic CEO.
“We are fortunate that through long term astute management, our Club has substantial cash and asset holdings, and we will work hard to further develop and maximise the income derived from these assets. “We appreciate the full support of Racing NSW for this venture and will continue to work hard to ensure we remain a valuable contributor to the NSW Racing Industry.”
Media release,
15 May 2014
Michael Cusick, Gosford
Race Club