📖 Trainer and syndicators have already sniffed the breeze and tightened their belts, but if a further sharp decline in wagering follows in 2025, then it's hard to see how the $1 billion in returns to owners can be sustained.

Bren O’Brien spent last week on the Gold Coast and reports that while the temperature may have come out of the bloodstock market, the uncertain conditions in the wagering industry also point to a stormy 2025.

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