It's a winner...The VRC is beating the drum for the Melbourne spring carnival and its ability to drag in mega-millions. It says the spring carnival provides a major stimulus to Victoria and Australia. Apparently, a study by financial research company IER claims the Melbourne Cup carnival is responsible for contributing $155 million to Victoria's economy alone. Despite last year' global financial crisis, the Flemington carnival attracted more than 73,000 racing fans from interstate and overseas,
It's a winner...The VRC is beating the drum for the Melbourne spring carnival and its ability to drag in mega-millions. It says the spring carnival provides a major stimulus to Victoria and Australia. Apparently, a study by financial research company IER claims the Melbourne Cup carnival is responsible for contributing $155 million to Victoria's economy alone. Despite last year' global financial crisis, the Flemington carnival attracted more than 73,000 racing fans from interstate and overseas, an increase of 6.8 percent on 2008 levels.