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By TAB For Ever · Posted
Agreed ,they looking to find solutions to issues which emerged decades ago. -
They won't do anything perfect from day1 if they don't DO anything. What we continue to get is not new either. It's been the same for decades. It's all talk and hope, as Sharrock says, that they can find another pot of gold somewhere. -
By Slippery Slope · Posted
We can't expect a global bookmaker that just wants product to fill wall to wall digital and video Australasian channels to care very much if at all as to where that product comes from. They are only interested in best net profit for them being a function of not just gross betting revenue but also achieving the lowest cost of production NZ wide of that digital/video product. Of course Auckland , Hamilton and Palmerston North are already the 3 centres where the bulk of their infrastructure, equipment and staff are already located, so the more meetings across all 3 codes that those teams, equipment and building infrastructure costs can be spread over, the more Entain make per meeting. They will accept the upweighted guaranteed payouts to the codes for 4 more years knowing they eventually "fix" that problem too. So what can HRNZ do to counterbalance the seemingly inexorable decline in betting revenue share that this behaviour by Entain will cause? They have only two real weapons in their armoury: Firstly- ensure stakes subsidies failrly closely aligns to the meetings which hold the most punters' interest and loyalty in tandem with the investment in the product itself (horses in sufficent numbers!) from our owners. In that way Entain's apparent strategy to deliver an inferior product for punters at a lower cost/ better profit outcome for them can be at least partially offset by harness racing maximising the investment it controls in its best product and Secondly- once it has sorted out the fairest and most competitive stakes subsidy structure, realign its handficapping system so that the consequent large stakes differential that will arise between meetings North Island vs South Island meetings for current R55 and below horses is reflected in clearly differing points penalties/ drop backs relative to actual stakes paid. Manawatu wins already are truly worth far less points handicap penalties than Rangiora, ad when we subsidise Manawatu much more closely to the actual betting revenue they deliver to the industry this diffeence will be far greater- the handicapping system has to reflect this. None of the above may sustain existing stakes levels in 4 more years, but at least over that time HRNZ will have done their best to look after the 80% of the industry who will likely still be there once Entain's commitment period ends, and they won't still be pretending there is enough money in the kitty to fund the 100% of the industry as it is today. -
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