The Everest: NSW economy expected to get a $30 million boost
Punters are expected to inject a massive $30 million into the NSW economy while celebrating the TAB Everest, according to exclusive new economic analysis by Business Sydney.
NSW
Don't miss out on the headlines from NSW. Followed categories will be added to My News.
Punters are expected to inject a massive $30 million into the NSW economy while celebrating the TAB Everest next week, according to exclusive new economic analysis by Business Sydney.
As tens of thousands of racing fans prepare to descend on Royal Randwick on Saturday, Business Sydney executive director Paul Nicolaou said the richest race on turf was set to “send a ripple of excitement across the length and breadth of our city”.
“Apart from the feel good factor, the Everest and the eight-week racing carnival associated with it creates very tangible economy boosting results for hotels, clubs, restaurants, cafes and point to point transport operators,” Mr Nicolaou told The Sunday Telegraph.
“The big day alone is a supercharged event with consumer spending leading up to it at around $30 million – add to this the 2000 jobs associated with the Everest.
“Over the eight week carnival, consumer spending just continues to add to the cumulative total.”
The Business Sydney boss said the $30 million figure didn’t include wider business activity, such as sponsorships and marketing.
“Sydney loves the TAB Everest and for very good reasons.”
Gusty wind and overcast skies didn’t deter racegoers from enjoying the fourth day of the Sydney Everest Carnival – with the Hills Stakes hosted at Rosehill Gardens – just days out from – The Everest at Royal Randwick next week.
Channel 7 Horse Racing Analysts Lizzie Jelfs and Kathy O’Hara said the Spring Carnival bring out the best in Sydney’s sporting party vibes.
“It’s one sport where you can dress up, enjoy yourself and really show your personality through fashion and that enables you to have a great day out,” Ms Jelfs said.
“It’s a fun atmosphere, a nice time of year, the weather’s good. It’s a fun time to be at the races”, Ms O’Hara said.
Although it wasn’t floral, racegoer Jarrad Venenziano from Wentworth Point was more than dressed for the occasion at the Hills Stakes, as he was forced to wear bright jockey silks and goggles for his bucks party.
Mr Venenziano embraced the outfit, describing the day at Rosehill as “a great day out with mates”.
“It’s a day of fun on the punt,” Mr Venenziano said. “My mates, the atmosphere, the horses, it’s all fantastic – I love it”.
More than 40,000 people are expected to be trackside at Royal Randwick Racecourse on Saturday for the $20 million Group One TAB Everest, as ticket purchase data show a massive surge in general admission and group tickets.
HILLS STAKES GALLERY
Join the conversation
Pictures: How Sydney celebrated Australia Day
Sydneysiders came out in droves to pubs, clubs, beaches and the streets to celebrate Australia Day - see the pictures.
Read more
Man accused of firebomb attempt allegedly painted Swastikas
One of the two men who is accused of attempting to firebomb a Newtown synagogue allegedly spray-painted Nazi symbols on the religious site.
Read more