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it still must be a complicated picture brodie. we all can tell hrnz is spending way more than the industry self generates and burning through their entain money. then we know hrnz also have a policy that prioritises the loss making clubs and the loss making sectors within the industry, because they see them as strategically important,even though its obvious the support for the industry in those areas and sectors has diminshed. So hrnz has themselves placed a chain and ball around the overall nz industry by sticking with the status quo instead of forward planning. so really its hrnz 's policies that are the main problem . the thing about the entain deal was i agree with you that there would have been better partners for the racing industry than entain,but quite simply the nz racing industries pushed for entain because they felt they needed a massive short term injection of capital or the industry would be in serious strife.so i get that as well. there was no doubtt the website that tabcorp have for the racing is miles better than the tab website. e.g.You can view video replays of all runners previous starts prior to making a selection. No need to go onto the hrnz that often never works,and the tabcorp website has videos of each race put up for viewing within 5-10 minutes of the finish of each race,whereas the only place you will see that in nz is on the hrnz website and they can often take an hour or two to put up.And combining with tabcorp would have seen bigger tote pools than combining with entain.Then you have to remamber tabcorp control the sky racing coverage which massively effects turnovers. so many other things as well,but the nz racing industry went with the quick hit of cash. then you factor in the many millions hrnz want to waste on bailing out clubs like auckland and cambridge who were run incompetently in previous years,often with hrnzs oversight and seeming blessing.e.g cambrisge running slot races that added significantly to their financial hole which then required hrnz bailing out. HRNZ have knowingly particpated in that fiscal irresponsibilty. so its really hrnz who are the issue. nothing entain has done in the last 3 years has changed. they have been up front. its hrnz who have a spend and hope attitude. Because hrnz couldn't possibly know for sure just how much more better off they will be from the geo blocking impact on racing turnover here and overseas and just how much better off they will be from increased sports betting returns from entains increased turnovers on sport. Its all a guess. And the impact of the greyhound industry closing has many variables that they will be guessing. Like hrnz will get a share of turnover payouts that used to go to the greyhound industry and you would guess it would outweigh the lost revenue from the harness tracks who host greyhound racing,but it must all vbe a bit of a guess. until thats all played out over the next year or two. so when you spend and hope,maybe things may turn out managable,maybe they may turn out worse that you think,the thing is why are hrnz taking such a risky approach. the people in charge currently,seem to be taking the same apprioach the ATC took with their apartment development. In other words,making huge decisions without fully understanding the risks. -
By Wandering Eyes · Posted
Maiden Watch: Thunderously makes noise in his two-turn debut at Gulfstream Park. Powered by Family and Touch of Fire also impress around two turns at Fair Grounds Racecourse and Slots. View the full article -
By Wandering Eyes · Posted
Last November, Democratic Kentucky state representative Matt Lehman told the TDN he was considering legislative intervention in an effort to curb computer assisted wagering (CAW) play in the state to a more equitable standard for all players. The debate around CAW players typically surrounds the edge they wield over regular gamblers thanks to their use of sophisticated technologies that allow them to precisely read the markets and to place massive wagers across many pools in the final seconds of betting–which can lead to extreme late odds changes–as well as the attractive rates and rebates offered to them which are unavailable to the average punter. Earlier this month, Lehman came good on that idea by introducing into the state legislature HB 39, an apparently first-of-its-kind bill that seeks to put CAW players on as even a playing field as possible with average retail players in Kentucky's Pari-mutuel wagering pools. The bill redefines “Pari-mutuel wagering” the following way, the key aspects of it focused on uniform access to these pools, and the prohibition of preferential “pricing” and “rebates” not uniformly available to all patrons: “Amounts wagered shall be placed in one (1) or more designated pari-mutuel pools from which winning wagers are paid out in proportion to the individual winning wagers, after deductions and adjustments to the pool are made, as required by statute or authorized by the corporation. Access to pari-mutuel pools shall be made available to all patrons on equitable terms, and no patron or class of patrons shall be afforded preferential pricing, rebates, access, information, technology, latency, or other advantages not uniformly available to all patrons placing wagers of the same type into the same pari-mutuel pool.” While last November, Lehman shared how he was involved in “bipartisan discussions” with other lawmakers around any such legislation, it's currently unclear what kind of broad political support this current bill has. Though early days, it doesn't appear to have any co-sponsors yet. The TDN messaged Lehman Tuesday afternoon for clarification. The story will be updated as necessary. Bipartisan Support would be crucial for this bill because as a Democrat, Lehman is in the distinct minority in the 100-seat Kentucky House of Representatives, which the Republicans control by an 80-20 margin. Republicans control the 38-seat state senate by a 32-6 margin. While many gambling experts have in recent years repeatedly warned that CAW play has too often gotten out of control–leading to pools that are way out of a healthy balance–the tracks have largely led the way in addressing the problem, some more proactive than others. At last month's Global Symposium on Racing in Tucson, the New York Racing Association (NYRA) president and CEO David O'Rourke announced the organization was taking steps–arguably the most aggressive yet by any track operator in the country–to limit CAW play one minute to post in nearly all pools. This will mean that all CAW players will soon be limited to a maximum six-bets per second when they bet into the NYRA product within one minute to post in these pools, putting them on the same footing as retail players. The steps that NYRA has already taken to manage these high-volume players-limiting their access to the win pool and the Late Pick 5 and Pick 6 pools-will remain unchanged. The post Lehman CAW Bill Introduced, Tough Road In Republican-led State Legislature appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions. View the full article -
By Murray Fish · Posted
Aotearoa Classic – Increased Starting Limit The Elsdon Park Aoteoroa Classic on 24 January will have the starting limit increased to up to 18 runners for this year’s running. This means if a capacity field is reached the total stake will be $1,080,000. The nomination fee for this race is $250 and closes at the normal time of Tuesday 20 January at 12 noon. The final acceptance fee for this race is, as per last year, $25,000. Horses placed 6th to last receive stake-money of $20,000. ends a hard race to win has got that much harder to win.... -
So how much does Entain have to give racing when the 5 years is up? Significantly higher turnover will bring bigger profits, maybe not yield wise but bigger profit overall. Yes some punters will do well but many punters will lose more as well! Where is it written that a gambling agency is only required to take wagering from losing punters? They put up the odds for punters to wager on and then only take the wagering from who they want? With the monopoly that the NZ TAB has now, they should be treating everyone with the same respect! If they want to have these restrictions, then restrict everyone to the same amount, that is my point!
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