So, racing is prosperinmg in Victoria? Well, maybe and maybe not. Latest reports say that despite one of Australia's iconic sprint races being renamed the Black Caviar Lightning Stakes, the Victoria Racing Club has been forced to reduce prizemoney for the Grp 1 event by $250,000 to $500,000 this autumn. And one of autumn's most pivotal three-year-old Grp 1 events, the Australian Guineas, will suffer the same fate with its prizemoney slashed by a third. Club chairman Michael Burn signalled altera

So, racing is prosperinmg in Victoria? Well, maybe and maybe not. Latest reports say that despite one of Australia's iconic sprint races being renamed the Black Caviar Lightning Stakes, the Victoria Racing Club has been forced to reduce prizemoney for the Grp 1 event by $250,000 to $500,000 this autumn. And one of autumn's most pivotal three-year-old Grp 1 events, the Australian Guineas, will suffer the same fate with its prizemoney slashed by a third. Club chairman Michael Burn signalled alterations to prizemoney and the need for investment in infrastructure upgrades. He says: ''The club is committed to targeted areas such as a new grandstand and a high density Wi-Fi and a new electronic payment system for patrons.''