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Early scratching August 3
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Gem of a run could earn Sapphire a Korea ticket
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Horses' test results July 28
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Hairi improving but still in ICU
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AK Lim fires up first Kranji win on Spirit Seven
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Grand Knight spears forward to first win
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Horses' body weights July 27
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Track conditions and course scratchings July 27
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Collett happy with her Kranji journey thus far
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Avid learner Poon back for more
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Early scratching July 27
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By Chief Stipe · Posted
If you are talking the latest accounts you can't draw any conclusions because the revenue isn't related to profit from turnover. Probably the only relevant Annual accounts is the 2019 Annual Report. Sports Turnover was 26% of total turnover. $10m was paid to Sporting Organisations based on a % of turnover and betting margin earned on their respective sports. You are now saying that is $26m however we don't don't what the total turnover on fixed odds sports was. I don't disagree that Racing is taking some of the Sports Cake. Whether they are getting a fair share can only be speculated on as we don't know what the agreements are or the individual costs. I'm sure each sporting organisation has the nous to negotiate a deal that is fair to themselves and there are avenues for addressing anything untoward. Don't forget Sporting Organisations have sources of funding that Racing doesn't have. As for "bowing to my superior knowledge" there is no need to play dumb around here. -
if that happened ,who would be left? its a bit like saying,if a member of a sports team you follow makes a bad tactical play,you can't express an opinion to that effect and if you do, you should really stop following that sport. Are people that thin skinned they can't handle comments,irrespective of whether they are justified or not? Besides,people can work out whether criticism is over the top or coming from someone who gets a bit carried away sometimes. -
Read the TAB accounts chief Racing got 225m sport got 26m so you are telling me that the TAB generated 225m from racing and 26m from sports, even blind freddy can join the dots on that one. And yes the point is the legislation does allow for what is happening as per the above distribution, but laws can and are regularly changed, and as i stated earlier more and more sports globally are generating cash from betting on their sport, and i will once again bow to your superior knowledge on the subject, but to me the split looks a bit like racing is taking some of sports cake, and maybe some sports administrators may begin to think the same. -
So there is basically an advert in the weekend herald, trying to hock the land at Pukekohe. So that indicates that there is no buyer and the club is racking up somewhere between 500 and 600k a month in interest which is being added to the debt, and generally these types of deals have pretty long settlements if a buyer is found 6 to 12 months.
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By Chief Stipe · Posted
No. Never has been. Not every sport that is bet on has an NSO or an agreement with the TAB therefore any particulary profits from other sports is put back into the general fund as per the legislation. and sport. How do you know they are not getting all their profit? Again how do you know that? It is in the legislation subject to the specific clauses. Read the Act: https://www.legislation.govt.nz/act/public/2020/0028/latest/LMS291924.html Particularly Sections - 78-82 and 65, 71-23 and 128.
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