EXCLUSIVE: Aaron Morrison on the new Valley, RV’s return to surplus and growing prizemoney

Michael Felgate sits down with Racing Victoria CEO Aaron Morrison for an extended conversation about the state and future of Victorian racing. Morrison reveals Racing Victoria has returned to a small surplus after operating at a deficit in recent years, with more than $20 million in gross costs removed from the business model over the past three years and a longer-term ambition to grow prizemoney again. He also provides a detailed update on the Moonee Valley redevelopment, stressing the track's return to racing is not automatic and explaining why Racing Victoria expects both the racing infrastructure and customer experience to meet a world-class standard. Morrison discusses wagering turnover, the impact of Moonee Valley being offline, the new national tote pool, the rapid expansion of World Pool racing, prizemoney distribution and Racing Victoria's improving relationship with NSW. Plus, he looks ahead to a unique Spring Carnival featuring the Cox Plate at Flemington and explains why he remains bullish about the future of Victorian racing.See omnystudio.com/listener for privacy information.