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Observations: July 3, 2019
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Well at least they ain't running the derby and oaks in same say as is done here, never understood that. -
Sign of things to come? https://www.hrnz.co.nz/news/nsw-oaks-and-derby-to-be-run-over-the-mile/ -
The 5 year funding guarantee is propping up the distribution to the 3 codes by approx $30m/year.This is the estimate by Grant Thornton who, under S60 of The Racing Act, were appointed to complete a 5 yearly Performance and Efficiency audit. Their report, which was published by the TAB in September last year, say that the TAB at the point of audit had 12 staff plus a Board of 6 directors. The report flagged a shortfall of funding to the TAB versus income Entain were actually making was approx $31.8m (per the attached note.) Assuming that greyhounds don't contribute a significant amount of GBR then this would have an impact to NZTR of approx $20m/year and to HRNZ of approx $10m/year. The full geonet impact is still a year away from being reported and should hold some upside. NZTR's annual report said that the geonet had been in place for one month when their report was done. Entain's new Australian CEO said that this gap was "closing" when asked by Mick Guerin last last year. Realistically the only lever saving that magnitude of money, would be via a stakes reduction. -
By Wandering Eyes · Posted
As it did in 2025, a Florida House of Representatives bill seeking to decouple racing and gaming licenses for Thoroughbred operators unsurprisingly passed its first committee.View the full article -
By Wandering Eyes · Posted
Expressing concerns that it could not responsibly approve fair Northern California race dates amid unresolved legal, regulatory, and logistical issues, the CHRB agreed to reconvene next month to consider allocating race dates for several fairs.View the full article
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