Melbourne Cup takes in cities around the world as part of the Victoria Racing Club’s strategy to promote the Melbourne Cup and the Melbourne Cup Carnival internationally. The Tour has visited schools and aged-care and hospital facilities, and participated in community events and celebrations including race days across Australia and New Zealand. Frederick Standish, member of the Victorian Turf Club and steward on the day of the first Cup, was credited with forming the idea to hold a horse race and calling it the "Melbourne Cup". Seventeen horses contested the first Melbourne Cup on Thursday 7 November 1861, racing for the modest
Horse racing wasn't until the 1920s that modern horse racing involving betting developed. The nation's first authorised club, the Chosun Racing Club, was established in 1922 and a year later, the pari-mutuel betting system was officially adopted for the first time. The Korean War disrupted the development of horse racing in the country, but after the Seoul Olympics in 1988, the Olympic Equestrian Park was converted into racing facilities named Seoul Race Park, which helped the sport to develop again. The big race in the UAE is the Dubai World Cup, a race with a purse of US$10 million, which was the