Peters will publicly release the report on the racing industry he commissioned John Messara to produce.
Saundry, the New Zealand Thoroughbred Racing (NZTR) chief executive officer, hopes Peters' announcement will be the start of a racing revival.
''This is a watershed moment - it is time for thoroughbred racing to reach its full potential and we are hoping that John Messara's report, with the support of the Government, can deliver that,'' he said yesterday.
Messara's recommendations look set to open up new streams of income for racing through restructuring or calling for tax changes.
Boosting racing's coffers is at the top of Saundry's wish list.
''Clearly, investment in the industry through prize money, infrastructure and our clubs is vitally important.
''We have a great racing programme with great people and great horses. We want to make sure we can continue to sell those to New Zealand and the many hundreds of thousands of people that enjoy it offshore.
''We have got to continue to grow the sport and grow engagement with the sport. Getting more owners engaged and trainers getting the confidence to go out and attract more owners is vitally important.''
Saundry feels comfortable that NZTR was able to voice all its concerns to Messara while he was researching his report.
''We have certainly got our message across. Whether that is conveyed in the report is a matter for John Messara.''
The only sure bet ahead of the release of the report is that it contains a recommendation for the building of all-weather thoroughbred tracks.
Peters announced three new tracks would be built in New Zealand and they would be partially funded by the provincial growth fund.
''It's a great commitment from the Government. It is important that the industry and the Government partner so we get the right result,'' Saundry said.
''We know synthetic racing is something that is needed for winter, but the surfaces are as important 12 months of the year for training and trialling.''
Messara has been charged with writing a report that focuses on the thoroughbred industry. Despite that, Harness Racing New Zealand chief executive Edward Rennell is hopeful his code gets a fair deal from the report's proposed changes.
''He is a professional man and he will do a thorough job. Though there is a thoroughbred focus, I am certain there will be benefits for all three codes.''
Like Saundry, Rennell believes increasing revenue to the racing industry would be one of the main things harness racing could hope for from the report.
''That would certainly be the hope, that the [total revenue for racing] is bigger, and I would certainly think that is the key aim Mr Messara has got.''
