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Near perfect result for Hopes
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Delbridge chases successive Sandown Cups
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Cambridge Stud Gavelhouse Plus Sale Live
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Butter Chicken resumes at Flemington
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The Mot’s best performers for the season
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By Murray Fish · Posted
on the new monopoly betting legislation.. it starts at 18.30 mark.. I have added the text... "An update from the TAB with regards to the changes in the betting laws and we invited Nick Roberts to join us on the show this week Yeah the Racing Industry Amendment Act uh was passed on uh Wednesday this week Unanimous support from Parliament and the racing minister has worked really hard to get that through for us Um when we started this partnership we sort of had a pretty clear uh objective at TAB New Zealand which was to make sure that Kiwi punters are getting a world-class experience in the safe environment and we're maximizing funding for u our stakeholders whether that be racing or sport So the act makes it exclusive rights for TAB New Zealand for racing and sports betting in New Zealand Uh obviously Entain are our partners who deliver on our betting and broadcasting operations And so what that means is that we now have the sole rights for New Zealand So from now people are only betting on tab and beter in New Zealand legally Tell us the positives for the New Zealand racing industry and what uh the legislation will bring Yeah So I think um if you look at what we're trying to achieve as I said before uh it's sort of a three-legg multi that we're looking at Right So in started with making sure that deep investment across the technology platform whether that be with the new self-service terminals we've seen with your broadcasting operation and um you know we wouldn't have been able to afford to have a great team at Trentham today before the Intane partnership their deep investment in the platform uh and then I think what this regulation does is sort of the second leg of that to make sure we sustain the funding for the future and then the third leg is going to be making sure that racing is standing on its own two feet in the next three years because that's when the minimum funding um closes from inane and we are down to a revenue share model we have a lot of confidence in performing to meet our expectations on that front but there is going to be some tough decisions need to be made by the industry to make sure those racing inputs which sustain the betting revenue uh are achieved What sort of figures are we talking about in monetary sense and the loss that we're losing in New Zealand racing currently that you expect to gain yeah so about a third of the New Zealand betting market is currently offshore So we need to recapture that We expect that the funding levels that we've committed to the industry at the moment um can be sustained for the long term So at the moment we distribute $185 million to the racing codes to split amongst themselves We think we can we will now be able to hold that for the long term and hopefully increase that once we can see that New Zealand racing product increase Guess the trade-off for punters is that at the moment they have options in terms of where they look to have a bet What will we be doing in New Zealand to ensure that we are still looking after punters given that it's now going to be a monopoly yeah sure So look I think the big thing is I would say to everyone is just wait and see how this rolls out right i think you'll be very surprised how fair this is going to be In have undertaken to us and have undertaken to the government that everyone's going to get a fair go here The pundit's promise will continue on Um Andrew Voris who's the new CEO of Inane Australia and New Zealand Um we've got good alignment already um in the last couple of week and what we're expecting is the punters to have a a good fair go they'll be able to have a reason to bet on New Zealand race and they'll be treated fairly throughout the system Well as you can hear through that interview really positive stuff with that new legislation in place all filters through to the industry <ends> -
By Wandering Eyes · Posted
Race 5 CROFT POLES 1200m AFTER MATCH (V Colgan) – Co trainer Mr. R Foote advised Stewards, the stable was satisfied with the post-race condition of the colt, however, AFTER MATCH is no longer a racing prospect for their stable. The post Whangarei Racing Club @ Ruakaka, Saturday 28 June 2025 appeared first on RIB. View the full article -
Of course. Horses birthday for thoroughbreds is 1st August . Season isn't finished yet 🤣. i'm getting too far ahead of myself with it just turning July now. bloody slow Winter 🙄 just wishing it was over. anyway I guess the NZ Horse of Year Nominations Will go in shortly. who wins now Imperatriz retired . The Standardbreds changed to January 1st for the annual Birthday only about 2 -3 years ago. ( to allign with Oz ) A Brilliant Move . You no longer have to rush your 2 year-old . And they can start later in the year in the late Spring Summer , in the great weather , while Big and strong and about to turn three. best innovation for years. and run the NZ Derby in December when the 3 year olds are even bigger and stronger. (and are about to turn 4 a month later and can even take on older horses in races, to make the racing even better) -
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