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Thoroughbred Education and Research Foundation Awards $5,000 to Grayson-Jockey Club Research Foundation
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the point i made was cost cutting can often be related to a company looking to cut costs when profit margins aren't as good as predicted. i get what your saying,cost cutting can occur even when that doesn't apply. but i also gave the example in my previous post of the tab racing club. You appear to say"why wouldn't they cut that cost". Well,when you've heavily publicised something and got 18,000 customers involved,then one day,just as the promotion is taking off,you pull the rug out from under them and say to those 18000 customers,nah,we've changed our minds. Well thats very poor if they did it for the reasons you give. Hey,maybe your right,maybe that is how entain behave,very poor if it is.I had thought entain may have done it because of the reduced profit in australasia due to the$100m they have had to set aside for the austrac fine.
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What betting levies? Do you mean the problem gambling levy? -
So i get what your saying about income tax,that it doesn' work the same here as it does in other countries i think thats the point your making. but i assume you don't dispute the nz tab is still paying gst and betting levies taxes? i think thats what you mean although maybe your suggesting they have been phased out as well. It was reported the tab paid 11.1m in taxes in 2024.
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