International gambling executive Jason Scott has been appointed to lead Queensland’s $2 billion racing industry.
Mr Scott has been based in the US as Vice President Trading, VIP and Retail Operations for sports betting giant BetMGM and previously served as CEO of Ladbrokes Australia.
Racing minister Grace Grace said Mr Scott, whom she described as a highly regarded wagering professional, was the standout candidate for the role of Racing Queensland’s new CEO.
Mr Scott said his role will include boosting betting in the state and innovating the racing calendar.
“This includes stimulating wagering growth and working with Tabcorp to increase parimutuel betting on Queensland product,” he said.
It comes as the state introduces a new funding model for racing in Queensland, which the government says will see 80 per cent of betting taxes reinvested into the industry thanks to a $31 million increase in prize money in 2023, with more than $260 million expected to be delivered in 2024.
RQ Chair Steve Wilson said under Mr Scott’s leadership, the organisation hoped to change the face of racing in Queensland over the next five years.
That includes major infrastructure investments including the redevelopment of the Gold Coast Turf Club and the establishment of a new Greater Brisbane Greyhound Centre and Queensland Harness Centre.
“With more prize money available, major infrastructure being delivered and more support for country racing, I look forward to working with Jason Scott to ensure the best is yet to come,” Ms Grace said in a statement.
Comment below to have your say on this story.
If you have a news story or tip-off, get in touch at editorial@governmentnews.com.au.
Sign up to the Government News newsletter