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The Reefton maiden will not lose as much money for the industry than what the slot race will!! Not sure What part of HRNZ can not afford to keep running races at a loss do you not understand? -
Nothing wrong with that. I don't mind the debate with you , and yes things repeat. and it's a vast topic so we're covering plenty of ground. I was just disappointed to see the support (lack thereof) to run the TAB trot , when those great participants were turning up and would be headline Trot News around the Whole world. fantastic. the maiden and any race winners at Weatport , Reefton and Redcliffe and Margate = WON"T. (sadly, but they are just the old participants making a living) To Answer your question in a nutshell again Sustainabilty of the industry relies on these factors. 1 / You need Participants to do the racing. this is fading in NZ because of the age of the fabulous participants. so many have already passed retirement age. 2/ Revenue, you had a gift horse (as did Oz with Ladbrokes and Sportsbet) that want to still take the bets on the sport even though as you accurately say they make the Megabucks from SPORTS Betting. ( I even put my 100 on the footy last night as very limited risk , with only 2 starters. Gold Coast at $1.50 . easier than horses lol 💰🤣 3/ money is gathered from a lot of sources , and allocated each season . there are about 8 sources including sponsors, Shareholders, Benefactors and more. it's quite complicated and I have had several chats with QR leader David Brick ( who bought the Interdominion Back amidst other things) with brilliant efforts and foresight. 4/ Entain WILL NOT let the harness racing collapse. they're only moderately interested , and as Brodie says Sure , the Stake money will / or might have to drop to levels that Victoria or QLD run at , ( with the same amount of horses in race training ) 5/ The economy is tough. People have large rents and mortgages. of course the betting dollar is gunna drop accordingly . you just can't make it the be-all and end all . Slot races actually have Participant funding. This is what we might have to do in future. Pay to Start your horse . Pay an Acceptance Fee. not just get paid petrol money for running last at meetings and that. they should get nothing and try again next time lol. -
Gamma, why would I buy a yearling when the future return is going to be so low? Far from being a miser, invest mega dollars investing!
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By Chief Stipe · Posted
The T's and C's will be commercially sensitive but ENTAIN only operate here under a license of which supporting racing is the corner stone. Not only are the ENTAIN stakeholders subsidising NZ Racing to the tune of $30m+ for 5 years they are also pouring substantial sums into marketing the TAB. Remember the transition TAB run by Mckenzie pushed that marketing fucntion off the balance out to the Racing Code administrators (e.g. NZTR, HRNZ and GRNZ). Those administrators were clueless and did SFA. ENTAIN have also invested in replacing aged and largely useless technology (e.g. Point Of Sale terminals and Self-service Pods). They've also cut costs by renegotiating the expensive contracts that the old TAB had signed up to and Mckenzie was too lame to address e.g. the TAB operating software, broadcasting and data networks. They've also started rationalising staff. They've also sponsored races over and above the lump sum handout e.g. buying Slots etc as well as sponsoring large races. Not to mention the promotions for the big OZ races has also gone up several knots. -
What HRNZ has been lacking for a very long time is making good financial business decisions! They were given a life line and squandered it!
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