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thats the thing isn't it brodie,i don't see how racing industry leaders could really know exactly how the geo blocking and increase in nz turnovers was going to impact them. They are just guessing and once the guaranted minimums from entain come off,well all will be revealed as to the quality of management of the industries in recent years. You would have thought caution as relates to spending would have been the wise policy in recent years, but like you,i fear the harness industry has not managed its finances at all well.. The clocks ticking as to when it will be revealed either way. -
i suppose you mean a bit like what they did in the uk last year.The racing industry in the uk had been worried about the tax rates paid by betting providers on horse racing being increased,but after much lobbying the tax rate stayed the same for racing,but was increased on sports betting and especially on on line casino betting.
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What was the guarantee from Entain as to what they were going to be putting into racing stakes at the end of the 5 years? Probably no guarantee and therefore racing stakes are going to plummet if they are going to be relying on the NZ TAB share! Entain never bought 50% of the NZ TAB so that they could help out NZ racing. They bought in for the Sports and online gambling as that is where they see the big profits and not racing! Unless someone knows differently then harness racing is going to be in dire straights as there would be very few meetings now where they make $! Surely would be beneficial if the CEO of Entain or CEO of HRNZ could actually come out and explain what the go is in 2 years time!!! -
what,are you suggesting the nz government recieve no tax money from the nz tab/entain?
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