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The article reports on how the Melbourne Cup can help revive horse racing in Australia. According to the author, the event and its accompanying carnival can help the industry recover from the impact of the equine influenza that stopped races in various areas of the country. The significance of corporate sponsorship on the industry's recovery is also discussed.

The article discusses the highlights of the "Sydney Royal Easter Show" in Australia. It states that the country's battle against equine influenza has been the focus of this event. The disease was detected in New South Wales in August 2007 where 47,000 horses on 6000 properties tested positive for the flu-like infection.

The article reports on the results of a study conducted by IBISWorld suggesting that the outbreak of equine influenza poses serious structural problems to the horse breeding and horse racing industry. The number of horse races held nationally has declined but the amount of prizemoney has increased. This has led to an increased international field size per horse race.

The article reports that prominent breeders and racehorse owners are expecting to suffer from financial losses as a result of the outbreak of equine influenza in New South Wales. The outbreak was observed on August 24, 2007 and resulted in the immediate cancellation of horse racing in Australia. The Hunter Valley, which is the center of the thoroughbred breeding industry in Australia, was also shut down.