Current Racing and Wagering Western Australia chief executive Ian Edwards has advised the Board of his decision to step down from the role, prompting questions from the state opposition about the future of the industry.
The announcement brings an end to Edwards’ six-year reign at the head of the organisation, after he was promoted from an interim chief executive role in October 2020.
However, the sudden move has sparked concern from WA opposition racing and gaming spokesman Lachlan Hunter, who said the announcement came at a critical time as the industry already faces significant uncertainty due to an active review into government spending.
In the recent state budget, the government set aside a provisional $12.5 million to RWWA to maintain current funding levels for the industry – money that will only be used if betting revenue falls short.
The budget also said the sustainability of RWWA’s funding arrangements is being looked at by an independent review into the financial sustainability and governance of the organisation, which Hunter said creates real uncertainty for the industry’s future.
Hunter thanked Edwards for his service to the racing community, but said the government must ensure the leadership change does not result in even further uncertainty.
“The minister needs to clearly explain the arrangements for stable leadership at RWWA, provide assurance that the review remains on track and, most importantly, give the industry confidence about what comes next,” he said.
“WA racing supports thousands of jobs and makes an enormous economic and social contribution to our state.
“The industry deserves more than uncertainty – it deserves clear answers and a government prepared to provide them.”
Hunter, who is currently suspended from parliament, said clubs, trainers, owners, breeders and the thousands of Western Australians whose livelihoods depend on racing needed confidence funding, infrastructure and the long-term sustainability of the industry would be protected.
According to the state budget, the review will examine structures established under the Racing and Wagering Western Australia Act 2003 to support and develop the industry, namely RWWA. It will focus on improving financial sustainability in changing conditions and in the long-term, while considering Racing and Wagering Western Australia’s current and future governance.
Racing and Gaming Minister Don Punch also thanked Edwards for his contribution to the role and the industry for the past six years.
“I was informed this week that he would be stepping away from his role but would remain until 13 November to support a smooth transition to its new leadership,” Punch said.
“The Cook Labor Government acknowledges the important role that racing plays in contributing to the Western Australian economy and delivering community benefits, particularly in regional areas.
“It contributes more than $1.3 billion to the State’s economy each year and supports thousands of local jobs.”
Punch added that the government recognises the racing industry is facing challenges, and is committed to working towards improved certainty regarding the future of the industry.
“The independent review continues to progress, to ensure the industry is well placed for the future, ensuring the Western Australian racing industry has a framework for long-term sustainability, including appropriate revenue streams,” he said.
“The reviewers will continue to engage with RWWA while undertaking the review. I do not consider that Mr Edwards’ departure will affect or delay this important work.”
In a statement, RWWA board chair Karen Farley praised the outgoing CEO for his leadership and contribution to the organisation, and the Western Australian racing industry.
“Ian has led RWWA through a significant period of transformation, growth and innovation,” she said.
“During his tenure, RWWA delivered a number of landmark initiatives, including the launch of the TABtouch Western Trilogy – the world’s only tri-code slot race series – expanded the reach of WA racing through new broadcast and distribution partnerships, including the launch of Racing WA TV, and continued to innovate the WA TAB to ensure it remains competitive in an increasingly dynamic wagering market.
“On behalf of the board, I thank Ian for his leadership and dedication to racing and wagering in Western Australia. We are grateful for his ongoing commitment to supporting a smooth transition over the coming months.”
Edwards said it had been a privilege to lead RWWA.
“Serving as RWWA CEO has been one of the greatest privileges of my career,” he said.
“I have had the opportunity to work alongside passionate and dedicated people who care deeply about our industry and its future.
“I am incredibly proud of what we have achieved together and grateful for the support I have received from the board, our people and industry participants throughout my time as CEO.”
The board has commenced planning for the leadership transition and will communicate interim and longer-term leadership arrangements in due course.
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