A new deal securing Australia’s richest race meeting, the Magic Millions Carnival and Race Day, for a further five years has ensured that the big thoroughbred racing event will remain on the Gold Coast.
This year’s Magic Millions Race Day was held on 14 January and offered AUD 10 million in prize money, becoming Australia’s richest race meeting and ranking in the world’s top 10.
Queensland’s Minister for Tourism and Major Events, Kate Jones, announced the new agreement.
“The Magic Millions Carnival and Race Day is a must-do experience on Queensland’s major events calendar,” she said.
Jones said the Queensland Government’s renewed support through Tourism and Events Queensland would ensure the iconic event remained on the Gold Coast until at least 2022.
“Events like the Magic Millions deliver ongoing benefits to Queensland and the regions,” Jones said.
“Last year the Magic Millions Race Day delivered an economic boost of more than AUD 12 million and almost 18,000 visitor nights to the Gold Coast.
“These outcomes underline the important role events play in growing our tourism industry, which generates AUD 9.5 billion for the Gold Coast economy and supports more than 50,000 local jobs.”
Racing Minister Grace Grace said the Magic Millions showcased Queensland’s world class racing and bloodstock industries.
“The Magic Millions is an internationally renowned racing and bloodstock event that attracts the best of the best to the Gold Coast,” she said.
“It’s Australia’s richest race day and its yearling sales have a record of producing champions on the track, including Winx who is currently rated one of the world’s best gallopers.
“If you’re serious about racing and bloodstock, the Magic Millions on the Gold Coast in January is the only place to be.”
Tourism and Events Queensland Chief Executive Officer Leanne Coddington said securing strong event assets like the Magic Millions played a significant part in drawing more visitors to the state.
Edited by William Sykes