Lismore Turf Club struggling to make ends meet
LISMORE Turf Club is on the radar of Racing NSW because it has debts of about $100,000.
Following Tuesday's revelation Ballina Jockey Club had debts of about $200,000, Racing NSW CEO Peter V'landys said the only other horse racing club on the Northern Rivers in financial difficulty was Lismore Turf Club.
"Lismore hasn't traded as well as can be expected," Mr V'landys said. "They have not been getting the race day attendances they have in the past and they haven't been generating the revenue they have in the past."
Mr V'landys said Racing NSW believed responsible service of alcohol enforcement was contributing to the loss of revenue and turning away racegoers.
At Lismore Turf Club only mid-strength alcohol can be sold.
"The laws have been really heavily enforced across the Northern Rivers, probably more than most other areas," he said.
Mr V'landys said Racing NSW will be talking to police and the Office of Liquor Gaming and Racing about responsible service of alcohol restrictions and the impact on horse-racing clubs' turnover.
He said when race meetings are cancelled, racing clubs are compensated by Racing NSW so they don't incur a loss.
Lismore Turf Club CEO Scott Jones said lack of income from race meetings had contributed to the club's fin- ancial position.
The club's board of directors met last night to discuss plans to reverse the revenue decline.
Casino Racing Club president Bede Pratt said in the current challenging climate the club was holding its own.
He said last year the club posted a loss of about $7000 which came after a profit of about $14,000 in 2011.
Tweed River Jockey Club CEO Rachael Elliott declined to comment on the financial position of the club.