Moonee Valley Racecourse Moonee Valley Racecourse Moonee Valley Racecourse is a horse-racing track in Melbourne, Australia. Moonee Valley Racecourse was established in 1883 by William Samuel Cox, who purchased a farm belonging to John F. Feehan for the purpose of establishing a racetrack. Being entirely freehold land owned by a private club, this separates Moonee Valley from other Melbourne racecourse such as Caulfield and Flemington. Expansion of the racecourse facilities occurred in the 1960s, funded by compensation for land acquired for the construction of the adjacent Tullamarine Freeway. In the 1970s harness racing moved to the Valley, when night trotting relocated from the
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