Mr Greene also said he was hoping a decision to move the event from autumn to spring would pay dividends for the race club.

“The Gold Cup has been moved from autumn to spring this year because the event continued to be dogged by bad weather,” Mr Greene said.

“In fact the race meeting has been abandoned seven times since 1978 because of inclement weather including the last two years.

“It is fitting that this year’s cup is being held in November, with the very first race meeting held at the Gosford Racecourse 96 years ago on November 11, 1913.

“The Gosford Gold Cup has been won by such notable horses as Denise’s Joy, Riverdale and Livistona Lane. Legendary trainer Gai Waterhouse has won the cup four times.

“Today’s eight-race program offers more than $310,000 in prizemoney and trophies. I am looking forward to enjoying the spectacle of provincial thoroughbred racing at its best and presenting the trophy to the winner of the Gold Cup,” he said.

Mr Greene said Gosford Race Club generated valuable social and economic opportunities for the local community by supporting local businesses, creating jobs and providing quality facilities and entertainment.

“Gosford Race Club should be proud of its position as one of Australia’s great provincial racing clubs,” Mr Greene said.

“I congratulate Gosford Race Club chairman Peter Norrgard and CEO James Heddo for their efforts and look forward to speaking to them about the state of provincial racing and their plans for the ‘Racecourse Gardens’ development.

“Keeping in close contact with all racing participants from administrators, to jockeys, trainers, owners, breeders and punters ensures I’m hearing all issues and views.

“With increasing competition for the entertainment dollar and worsening economic times, the racing industry must ensure that it continues to be an attractive form of recreation so it remains viable in the future.

“A sound and functional statutory framework is essential to protect the sustainability and integrity of the racing industry. Visiting tracks like Gosford provides me with valuable feedback from grassroots participants on these and other important issues.”