NSW Cabinet has reportedly just signed off on a reversal to ban greyhound racing in NSW as of mid-2017.
Premier Mike Baird will address the media at midday and it's expected tighter regulations will be introduced so the industry can essentially continue
NSW Premier Mike Baird is holding a cabinet meeting where it's understood he's discussing a reverse on the controversial greyhound racing ban announced three months ago.
Mr Baird is tipped to ditch the ban following a party room meeting later on Tuesday and will instead introduce a raft of new stronger regulations for the industry, including harsher penalties for animal cruelty including jail sentences.
It comes after a Monday night meeting of Nationals MPs, who were reportedly considering unseating party leader and Deputy Premier Troy Grant if there ban wasn't reversed.
Both Mr Baird and Mr Grant have faced intense pressure and opposition since announcing the ban.
The chief executive of Greyhound Breeders Owners and Trainers Association is also believed to be meeting with Mr Grant on Tuesday.
In August, Mr Baird said the ban, under which greyhound racing would cease across NSW from July 1, 2017, wasn't about political point scoring but that he was trying to "do what is right."
The ban came after a Special Commission of Inquiry report that found up to 68,000 "uncompetitive" greyhounds were slaughtered in the past 12 years and nearly one in five trainers used live animal baits.
Nationals MPs Katrina Hodgkinson, Kevin Humphries and Chris Gulaptis - who consistently argued the ban would devastate their regional electorates - crossed the floor to vote with Labor to oppose the bill but it passed following a 12-hour debate in August.
A report by Greyhounds Transition Taskforce head John Keniry was due to be presented to the government at Tuesday's cabinet meeting.
A recent Newspoll showed Mr Baird's approval rate had slumped from 61 to 39 per cent since December due to a number of issues, including the ban on greyhound racing and Sydney's "lockout" laws.
Federal Treasurer Scott Morrison said if the government did change policy that wasn't a bad thing.
"I think they (would) deserve credit," he told Sydney radio 2GB.
"We make decisions in politics and sometimes we will change those down the track," he added.
"And that requires political courage."