A report into the racing industry has recommended sweeping changes to revitalise what it says is a flagging industry.
The report by Australian expert John Messara delivered a "blunt appraisal" of the industry, Minister for Racing Winston Peters said.
The Government commissioned Messara to conduct an independent assessment of the state of the domestic racing industry and to make recommendations for change.
"Mr Messara's review delivers a blunt appraisal. He concludes the New Zealand's racing industry is in a state of serious malaise, and requires urgent reform. The review also warns thoroughbred horse racing is at a tipping point of irreparable damage," Peters said.
He released the Review of the New Zealand Racing Industry in Hamilton this evening.
"It confirms what many of us have been worried about for a number of years and highlights the need for the industry to turn itself around."
Peters said while it was too early to say what Cabinet would agree on after officials gave advice on the report, "the severity of the situation means the status quo is unlikely to prevail".
