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By Chief Stipe · Posted
Why wouldn't they cut costs? TABNZ and Trackside was being run like an ex-Government Department or QUANGO. Book making isn't that hard and the majority of it can be done programmatically. The contracts for the broadcasting were over the top and why wouldn't you put full time employees on contract for piece work? -
By Chief Stipe · Posted
They bought ALL of it. Paid too much for it as it was insolvent. Essentially they bought a license to operate in NZ. -
By Chief Stipe · Posted
There is an contractual agreement to split the profits. Up to HRNZ and NZTR where the money goes - stakes, reserves or infrastructure. However TABNZ are in between ENTAIN and the industry. -
By Chief Stipe · Posted
Correct. NO tax. ENTAIN is not a NZ company and the NZTAB has never paid income tax. In ENTAIN's case they haven't made a profit in NZ so why should they pay tax?
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