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I just find it amazing, that people with no expertise in financial analysis, have done their own evaluation and come to the conclusion that after 5 years of being underwritten by Entain, racing in NZ will be doomed because the payout will fall substantially. By taking such a negative stance, they are contributing to it -
If a meeting has net revenue of say 100k and you spend 150k on stakes, 30k on meeting costs and zero on infrastructure, it doesn't matter if you have 20 tracks or 50. The long term result will be the same. -
By Chief Stipe · Posted
Agreed and they don't offer any solutions other than nostalgia. -
They receive a lot of money from the increasing sports wagering as per the Racing Act. Eventually sports will want a bigger piece of what is their pie
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By Chief Stipe · Posted
No you are just here to be a miserable old grinch who posts generalisations and is too lazy to research or post any facts. Did the home turn your WiFi back on or have you arrived at work?
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