The Grandstand Flemington Racecourse has announced it will close its doors for a “safety improvement”.

    It will be the last racecourse in New South Wales for the next 10 years.

    A spokesperson for the racecourse said the facility was unable to make any longer-term financial commitments to its staff and that it was closing its doors “due to a variety of reasons”.

    “It is an exceptional time for the Grandstand,” the spokesperson said.

    “It has become increasingly clear to the race course management team that our business is in need of significant change.”

    The closure of the race-related business will enable us to focus on the safety of our staff and the wider community.

    “The spokesperson added that “some of the work required to ensure the safety and wellbeing of our community is ongoing”.

    A number of the events on the race courses course, including the Sydney Harbour Masters and the Wodonga Racecourse, will also be reduced by more than 25 per cent in size, with the latter being reduced from 60 to 40 entries.”

    We are deeply sorry for any inconvenience this will cause to our racecourse staff and community,” the spokeswoman said.