HRV is operated by a seven-member Board which reports to Anthony Carbines, the State Minister for Racing.
Head office is situated within the RVL complex at Flemington Racecourse in Melbourne's north.
Melton Entertainment Park opened a new racing complex at Melton, which incorporates a 1,000-metre track as well as amenities such as restaurants, gaming machines, hotel accommodation and conference facilities.
The bistro and gaming lounge was opened on 5 March 2009 while the first race was held on 5 July 2009.
It was a VicBred 2YO Fillies Semi Final won by Lady Belladonna.