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Saimee takes Boy Wonder to next level
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Well Done moved to Baertschiger
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Wand in Boss's hand as Lim's Magic returns
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CK Ng 'hungry' as he returns to saddle on Friday
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Dellorto off the mark for new master
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Southern Legend, Horse Of Fortune, Here Comes When and Ocean Emperor make up overseas armada in Kranji Mile
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Daniel Moor set for Singapore adventure
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Horses' test results May 5
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Woodworth, WS Chan suspended
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Horses' body weights May 6
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Rafaello keeps Crabbia flag flying high
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Placais boxes his way to 600th career win
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Dutrow wins on protest
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See no pain, double the gain
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Track conditions and course scratchings May 6
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Rodd, still indisposed, not riding on Sunday
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Early scratchings May 6
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Nurshahril suspended for two days
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Viviano finally goes one better
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Turf or Poly, Sun Pittsburgh scorches again
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Auspicious Day indeed for Khoo
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By Chief Stipe · Posted
Seriously @westbrew what major sport doesn't have a National Organisation in NZ? You are talking loose change that gets reallocated. No that's factually incorrect on a number of points. Racing does NOT own the TAB nor the platform "the totalisator". TABNZ is a statutory entity essentially owned by the Government of NZ on behalf of all New Zealanders. It has a Governance Board that does comprise members from each of the codes (will be interesting to see the legislation changes to get ride GRNZ). Fixed odds wagering on Sports in NZ is "owned" by TABNZ. It is the only NZ entity that is legislated to provide that service. Under the Racing Act TABNZ is obliged to distribute wagering revenue to sports through National Sporting Organisations. Check out Sections 78 and 79 of the Racing Act. 78Sports betting rules (1) TAB NZ may make, amend, and revoke rules providing for the establishment of a system (or systems) of sports betting, and providing for any matter relating to the conduct and operation of sports betting by TAB NZ. (2) Without limiting subsection (1), the rules— (a) may state the kinds of betting that may be undertaken; and (b) may state the circumstances in which— (i) a bet may be refunded, and when it may be retained by TAB NZ; or (ii) any fixed-odds bets may be laid off on other betting systems by TAB NZ for the purpose of limiting TAB NZ’s exposure on any particular event or events; or (iii) TAB NZ may cancel any bet; and (c) must state the amounts described in section 84(2). (3) TAB NZ must consult Sport and Recreation New Zealand before making, amending, or revoking any rules under subsection (1). (4) However, subsection (3) does not apply if TAB NZ and Sport and Recreation New Zealand agree otherwise in any particular case. (5) Rules under this section are secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements). 79Agreements with New Zealand national sporting organisations (1) TAB NZ may not conduct sports betting on any sporting event or events without the written agreement of the appropriate New Zealand national sporting organisation. (2) An agreement entered into under subsection (1) must be on the terms and conditions that are agreed between TAB NZ and the New Zealand national sporting organisation concerned, including payment to the sporting organisation, under section 82(1)(e), of revenue derived from sports betting on the event or events to which the agreement relates. -
By Wandering Eyes · Posted
Leaders in the United States and Canada have indicated they will honor the existing United States-Mexico-Canada Agreement for some goods, including Thoroughbreds. Horses will continue to cross the U.S.-Canada border duty-free.View the full article -
By Wandering Eyes · Posted
Trainer John Toscano Jr. died April 3 in a Long Island, N.Y., hospital, according to Daily Racing Form. He was 80.View the full article -
That is the point chief, Racing is getting the profit ie the unallocated money??? Now that is apparently happening because they owned a thing called the totalisator in the early 1900s, that was then computerised and racing was given all the income generated by the Totalisator agency board to shut out the bookies. Now that has continued since the TAB was set up in the early 50s. Racing no doubt still own the Tote they invented it and still own it, but as far as fixed odds wagering on sport, that isn't owned by TAB, so the reason racing is getting the profit from sports betting is just because they always have. Now with the 50/50 Entain deal in play if a foreign bookmaker can get 50% of the profit what is to stop each sport including racing just getting its own share of the other 50%???? -
Chief i very much doubt there is data exchange between regulators and tab in NZ. There maybe occasional audits, but there is no way that FMA RBNZ or DIA are getting any data from Entain. When you read risk based approach, that is code for do what you want we are asleep at the wheel over here. Entain may send STRs to the police and are required to answer any incoming requests from IRD or Police, but there is no effective way for a regulator to monitor weather in fact Entain are doing the due diligence required of them outside of an audit, thus you are relying on the culture of the organisation, and the TAB has gone from a state controlled entity, to a branch of a Corporate bookmaker based in Australia so is the culture of compliance the same?????
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