Queensland's deputy premier has summoned thoroughbred racing owners,jockeys,trainers and breeders to a meeting to end the strike threatening to derail the spring racing season.
Saturday's race meetings at Brisbane's Doomben,Gold Coast,Townsville and Toowoomba have been cancelled after no races received more than four entrants.
It stems from the industry players'battle with the state government over a new 15 per cent betting tax and their call for more prize money.
Deputy Premier Jackie Trad and Racing Minister Stirling Hinchliffe late on Thursday announced they had invited representatives of the Thoroughbred Alliance to a meeting on Friday.
The meeting will be chaired by the former Racing NSW chair Gary Pemberton,who himself is a horse owner.
"Our door has always been open,"Ms Trad and Mr Hinchliffe said in a joint statement.
"We need to work together to look at how we can ensure Queensland racing is sustainable into the future."
Industry participants want at least some of the revenue from the new wagering tax used to boost race prize money so they can better compete against the wealthier NSW and Victorian racing industries.
Only the first four horses across the line get money in Queensland races while,south of the border,at least eight runners receive prize money.
An open letter from the state's 10 major racing clubs released on Thursday night said industry stakeholders had lost confidence in the Queensland government's handling of the industry.