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Thoroughbred Racing forum discussion.
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!00% agree with that Brodster. ENTAIN have had issues all around the planet with swallowing up Betting agency rivals and All sorts of stuff , and Horse racing is only a Low key player in their Grand Scheme of taking all the gambling dollars they possibly can off all the people's. Queensland trotting isn't just run by Seymour , it is also 'Ladbrokes' that run the show , and put up the dollars here. They are owned by ENTAIN of course. QLD trotting would cease without the Ladbrokes support. ( bit like your NZ Entain support I spose) You guys have rightly pointed out to me the turnover is a significant Factor in whether harness racing continues, and the interest of this JUGGERNAUT company to keep it going. I'm convinced , I have only tried to 'Fight back ' suggesting good old sponsors like Garrards , and Seymours could chip in to keep some racing going. Some good slot races and that sort of thing. Seymour has Finanacially backed South Australia harness to keep it going this year. otherwise it was doomed. Victoria are hundreds of thousands in debt, as Have the same Harness People and horses population of New Zealand. which means it needs a LOT of meetings . they race for very low stakes mainly in their country areas. Currently negotiating with Moonee Valley to return there 2027 when the renovation is complete, in a last ditch effort to stay afloat. I think they will FAIL in that bid though. Racing people hate trotting. The Queensland country trots all closed years ago . Like the North Island country did . ( Hutt Park , New Plymouth and that ) You guys All want the North Island City racing to close too. Auckland trots . been going since 1912 at Alexandra Park . seems sad , but those participants have had a good run for decades. Bernie, Tony, Barry , Butchers and that. They can enjoy retirement on the beach somewhere hopefully. So you're Right in the END . They cancelled Waikato tomorrow , so they've had the dick mate. And I might now join your chorus of Shut them down Altogeather . they've had enough wins over the years (with Roy and Wolfie now deceased too , at least they can't see the demise of the North) so that's something good anyway . 100 years of tradition finished . give the remaining dollars to the South Island then ? . before it collapses too. One cancelled meeting can Only lead to more . So you guys Win . it's nearly all Over Rover 🙄. -
Never let the facts get in the way, after last years conference I ask John Dunn exactly that if you had more money to put into stakes where would it be "15,000 maiden race's the top looks after itself" -
By Chief Stipe · Posted
NZTR Establishes Industry Investment Fund to Secure Racing’s Future NZTR has announced the establishment of a dedicated Industry Investment Fund, a strategic initiative designed to support the long-term financial sustainability of the Thoroughbred racing industry in NZ. NZTR | August 06, 2025 New Zealand Thoroughbred Racing (NZTR) has announced the establishment of a dedicated Industry Investment Fund, a strategic initiative designed to support the long-term financial sustainability of the Thoroughbred racing industry in New Zealand. The Fund has been launched with $10 million in seed funding, representing a contingency reserve that remains accessible to NZTR if required. This initial capital provides a strong foundation for the Fund to begin operating and building confidence across the industry as a prudent and forward-looking investment strategy. “This is a significant milestone for the industry,” said Russell Warwick, NZTR Chair. “The Industry Investment Fund is about future-proofing racing in New Zealand and is a proactive step to ensure we have a sustainable and diversified financial base for generations to come.” To ensure both security and growth, the Fund has been diversified across multiple investment accounts and providers. This approach balances the need for long-term returns with preservation of capital, aiming to outperform traditional term deposit returns over time. Term deposit rates continue to track down with the lowering of the Official Cash Rate which is expected to reach 2.75% by the end of the year. As the Fund grows, NZTR expects to build on the capital sum from any proceeds realised from the venue consolidation process which is a key part of industry strategy. These additional contributions will help reduce the industry’s reliance on wagering revenue and establish a robust alternative income stream. The Fund’s performance and investment mix will be closely monitored by the NZTR Audit & Risk Committee, with regular reviews to ensure alignment with industry needs and financial best practices. “The Fund gives us an opportunity to build sustainable revenue streams and allows our existing capital to work for the industry,” Warwick added. “It’s not just an investment of capital; it’s an investment in the future of New Zealand racing.” -
Gamma, the thing is, it is totally different in the case of the Entain money! Entain have not promised the $900m to support or sponsor racing in NZ! It was purely the carrot that was dangled by them to enable them to get access to the profits from online gambling and sports betting for 25 years! The TAB and McAnulty were sucked into it hook line and sinker, and we will pay unfortunately. Do you really believe that Entain really gives a rats about racing in NZ. You mention about Entain saying how much spent each year, well it shouldve been negotiated far better by the NZ TAB! Entain knew what they were doing, they are a ruthless gambling business just like the other ones around the world. They are no ones mate and we will be seeing this, it is about making a good return for its shareholders, so they take no prisoners. -
I think what you forget Brodster is When Sponsors and Supporters of a sport PUT up there Cash to support or sponsor a race or an Event, there are TIME LIMITS involved. It's like a footballer Contract . you Pay up so much cash spread out over the Calculated time frame of a contract. I would suggest that the ENTAIN money is being used by professional people for the 250 odd NZ meeting per year , at a rate that is calculated within a time Period. i.e so much has to be allocated Annually. it's how business works. I agree with you that sure it would be nice to think you calculate monies/funding/sponsorships for 2030 and beyond , BUT You can't mate. You have to live in the moment . AND all you blokes keep saying the turnover has dropped off , and trotting won't be around in the North Island in 5 years time anyway , old Maurice, Barry, Tony , Ray Green, And a few others will be retired. And Trotting will BE NO MORE. you will all just have to go to the gallops lol 😎🏇 So Might as well use The MONEY now mate. I do think it's a shame most of it, is going to Aussie these days from the Big races , as that is only speeding up the Ultimate demise of NZ Harness Racing . you don't have the guts of Seymour or anyone like that to keep it going. Must say Dean Shannon and also the Stonewall bloke (Stockman and his partner Jill ) are doing their Very best at Sales and punting and Racing syndicating with your great trainers to Keep it going a year or two longer. so Big shout out to them for meritous efforts lately. good to see some still 'Having a Go ' at the great sport.
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