Australian racing industry heralded ‘healthiest’ in the world

Magic Millions yearling sales on the Gold Coast has been heralded as a major kickstart for the struggling Queensland tourism industry.

The Australian racing industry has been given the stunning review of being the “healthiest” in the world amid economies worldwide rocked by the COVID-19 pandemic.

Tom Magnier of the global bloodstock powerhouse Coolmore says the Magic Millions yearling sales are second to none.

“The whole world is watching what’s happening on the Gold Coast,” Mr Magnier told Sky News.

“What’s happening in Australia is not happening anywhere else in the world.”

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