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By Chief Stipe · Posted
You compared 20k extra accounts at the time the statement was made which was post the Melbourne Cup and then drew an inference regarding October 24 vs October 25. How do you know they didn't? Would be interested to see your calculations based on the information provided. -
By Chief Stipe · Posted
$53k in Cash Assets 2024. The $450k in Capital Assets were land, buildings and plant. In 2024 Reefton received a Grant from NZTR which appears to have been spent on "Non-track Asset Maintenance" - if memory serves me correctly that might have been Stewards towers? Very little over the years has been spent on core racing assets and you'd agree that $53k doesn't go very far. How did Hokitika get their kitty? Around 2005 their land assets were revalued and that valuation was considerably higher than the previous valuation. At the same time they disposed of a part of those revalued assets (does Riccarton, Ellerslie and Trentham come to mind?) and put approximately $450k in the kitty. The Westland Racing Club barely made an operational profit from its core business - the majority of the time (before AND after 2005) they ran at a loss. That new "kitty" was being run down. Barely any funds were spent on the maintenance of core racing assets. Basically they were doing what every other Club does - run down the value of their assets to fund operations WITHOUT investing in core infrastructure. -
Where did i say the Melbourne Cup races in October, we all know it is November. But October is a very big racing month in Australia, huge amount of top class racing. But obviously not many of those new ACTIVE account holders had a bet did they 😙 -
By Chief Stipe · Posted
The Melbourne Cup runs in November NOT October. So I'm not sure where you get "the plenty not using accounts in October" from. -
By Wandering Eyes · Posted
Glorious Boy became the first black-type stakes winner for WinStar Farm's freshman sire Independence Hall in being declared the sole winner of the $100,000 Pulpit Stakes at Gulfstream Park Nov. 28.View the full article
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