TVN (Australian TV channel) TVN (Australian TV channel) TVN (Thoroughbred Vision) was an Australian thoroughbred horse-racing TV channel. It was carried on Foxtel, Austar and Optus TV, as well as other subscription TV services. The channel was set up by the Victorian thoroughbred racing industry and Sydney metropolitan racing clubs as an alternative to Sky Racing and as an attempt by the racing clubs concerned "to capture the valuable assets of racing media rights and leverage them to the benefit of racing". TVN was 50% owned by Victorian racings organisations Melbourne Racing Club, Victoria Racing Club, Moonee Valley Racing Club and Country Racing Victoria;
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