Chief Stipe

Had to play dodgems.

They outsourced.

Yeah na... You and @Freda would have been throwing knives at us or rotten tangerines!

Of course he can! It's Digital now so he has low overheads. But probably lots more "expenses"....!

Racing is the Sport of...

No worse than Waipukurau - perhaps they listened to @nomates !!! As I said above the horse needs a firm track and a short distance. The chances of getting that in NZ are close to zero. It is as frustrating for the Trainers as the Owners.

I'm sure I could sell it to Te Akau for @Murray Fish !

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?

They bought ALL of it. Paid too much for it as it was insolvent. Essentially they bought a license to operate in NZ.

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.

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?

She is indeed. Assuming you mean the Russian Revolution filly.

The analysts still have a BUY notice on the stock. I know at least one BOAY member who bought in at the last low and sold on the last high. The biggest threat to ENTAIN and indeed the whole wagering industry is Government seeking a return in the form of taxation. I imagine both Australia (Federal and State) and the NZ Government are looking to get a positive return from racing rather than having to subsidise it continually.

Which is basically what I said.

I agree both remaining codes are spending beyond their means - thanks to the ENTAIN shareholders. However old habits die hard and the industry as a whole has been doing that for decades and previously have been bailed out by the taxpayer. The industry is gambling on ENTAIN getting the NZ operation on a better footing that it was before. The signs are that it has at considerable cost to ENTAIN but not enough to maintiain the current level of funding - yet. My assessment is that the returns from the NZTAB are greater than when it was run entirely by TABNZ.