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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. -
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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it depends what we are discussing. i was thinking along the lines of what we saw when entain reduced expenditure on certain things last year. like any business,if profits aren't as high as they want globally or say in australasia,they look at ways of cutting costs. That played out last year in nz with some job losses in areas that service the industry for entain and for example, the tab racing club which was a promotional tool for entain,was stopped and that 2.5m annual spend on the industry disappeared. thats the type of thing i'm thinking of.
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By Chief Stipe · Posted
She is indeed. Assuming you mean the Russian Revolution filly.
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