Chief Stipe

That's great to hear. Didn't hear it mentioned on Trackside.

Thanks. I didn't know that and I'm not sure many would.

Ummm can you bring us up to speed on the Venezuela Kentucky Derby connection?

It would be beyond naive it would be just plain stupid. The payment of sports betting revenue to national sports associations is enshrined in legislation. Racing has NO right to it.

One of these? Chief Executive Tim Mills Email: tim@riccartonpark.co.nz 0274 300 208 Racecourse Manager Alan Chapman Email: alan@riccartonpark.co.nz 0272 495 833 Commercial Manager Chris Rowe Email: chris@riccartonpark.co.nz 0274 466 360 DDI: 03 336 0053 Operations Manager Eric Cormack Email: eric@riccartonpark.co.nz 0274 354 959 Racing Manager Jim Langan Email: jim@riccartonpark.co.nz 0274 341 582 DDI: 03 336 0052 Membership Manager Alison Robin Email: alison@riccartonpark.co.nz DDI: 03 336 0040 Business Manager Gareth Murfitt Email: gareth@riccartonpark.co.nz 021 345 805 Someone out of here? Annual Report-2021- CJC.pdf

Well given the number of Stallions that they have bought from Te Akau I'm sure they would be open to importing some more different bloodlines.

Seems I may already have pulled the wrong rein on the MM draft. Apparently one has already been very impressive in its work to date.

BTW the CJC has a salary and wage bill of about $1.5m per year.

So the old chestnut 🌰 🤔 of hospo provides funds to provide race track and training facilities. What's the ROI on those hospo events?

https://rtip.arizona.edu/dean-mckenzie Dean McKenzie | RTIP rtip.arizona.edu Dean McKenzie Dean most recently had responsibility for leading the largest reform programme in New Zealand racing history. Holding a dual governance/executive role with the country's wagering operator TAB New Zealand, he acted as Chair of the Board, whilst also undertaking the Chief Executives duties up until March 2022. TAB New Zealand has annual turnover exceeding US$2b in racing and sports betting and also operates extensive national retail and broadcast networks. Prior to this he held a number of senior executive and governance roles in the New Zealand racing/sport sectors, including being a Director and Deputy Chair of New Zealand Thoroughbred Racing, the governing body of the thoroughbred code in New Zealand, and also Chief Executive Officer roles with the Wellington Racing Club and the New Zealand Metropolitan Trotting Club, who hold New Zealand's largest domestic race day on the second Tuesday of November each year. Dean is also a keen handicapper and remains an active thoroughbred owner and breeder, selling his first yearling at public auction in 1995. Senior sports management roles include 6 years with leading international sports agency Esportif (now Wasserman) and 4 years as Chief Executive Officer with Jade Stadium. Dean also served as a Director on the Board of Athletics New Zealand (Track and Field) from 2015-2018. Dean is a Chartered Accountant (CPA equivalent), holds Bachelor's Degrees in Commerce and Arts from Otago University (NZ) and also holds a Master's Degree in Sports Administration and Facility Management from Ohio University (USA)

Back to the title of the thread. Why the hell wasn't TABNZ properly restructured when it was insolvent? They had a chance to shaft the money sucking contracts and didn't do it. Dean Mackenzie has a lot to answer for and I see the same old sycophants are not questioning anything. Anyway Mackenzie is now a University Lecturer in Arizona. Says it all really.

I should have said the bailout from insolvency.

MEETING NEWS Te Aroha Trials Cancelled During trackwork this morning an issue with the track at Te Aroha was identified. Consequently the trials today have been cancelled.

You may be referring to the POCC created in the new Racing Act. It only applies to offshore bets taken by an offshore operator on NZ Events. 10% of Gross Betting Revenue. Basically difficult to administer and an attempt to further enshrine the TABNZ monopoly. 2.5% goes to the Govt Department managing problem gambling. 5% goes to the RIB and Sports and Recreation NZ to be spent on on integrity and betting risk management. The rest 2.5% is distributed to the racing codes and sports based on the percentage each has contributed to the charges received. Arguably it was a concession by the industry to get the handouts and more of a monopoly.

Good stuff. Did you also ask that they redirect any funding from fashion into fixing the track and providing adequate training facilities? Remind them that their core business is horse racing NOT hospo.

I just can't believe that with the paucity of information published that there are actually stakeholders in the industry saying that the Entain deal is a good thing. Deja vu, Groundhog Day - call it what you will but seems to be same old same old to me. Big promises of lots of increases in stakes. Haven't we all heard that before? Even if there is a windfall of extra dosh how much of it will be spent on the fundamental problems the industry faces or will it mistakenly be plowed into stake increases on the assumption that that is the cure all. Don't we have enough data from the recent and distant past that that approach just doesn't work.

Yes but the industry will not suggest that and will still try and go back for another bailout.

I think you are missing my point. Is Entain looking to TABNZ to get a cheap soft entry into the Australian/NZ market? Licenses to operate in OZ are not cheap.

What is interesting is the comments about the licenses to operate coming up for renewal. TABCORP could be up for $500m to get a 20 yr renewal. I hope the hell NZ aren't giving their's away. Strategically Entain would have a cheap backdoor entry into the Australasian market. I'm not sure the brains trust at TABNZ and NZTR can see this.

Victorian government to take 15c of every $1 bet on racing The Victorian Government has offset a wagering tax hike by doubling the return to the Victorian racing industry. Thoroughbred, harness and greyhound racings' share of tax receipts will jump from 3.5 to 7.5 per cent with the proposed point of consumption tax (POCT) increase from 10 to 15 per cent. It means the Victorian Government will now take 15 cents of every dollar bet on the three codes of racing by people located in Victoria. The POCT arrangement, if passed, will align Victoria with other Australian states, except Queensland, which increased the gambling levy on residents from 15 to 20 per cent last year. Wagering funds Victorian racing and ensures the codes are competitive in the national prizemoney arms race, particularly with NSW. The State Government must secure the Opposition's support to pass the POCT legislation. The POCT last increased from eight per cent to 10 in 2021. The increased POCT and pass through boost, worth about an extra $100m a year to the three racing codes, will clear a path for the State Government to negotiate the next Victorian wagering licence renewal. Racing Victoria chairman Brian Kruger said: "We welcome the Victorian Government's plan to provide the VRI with an increased share of POCT receipts from July 2024. This is money that we help generate coming back to the VRI to secure its sustainability and provide funding certainty into the future. "The VRI supports over 35,000 Victorian jobs and delivers more than $4.7 billion in economic activity annually to Victoria. We are a major Victorian industry, one that not only delivers jobs, but provides entertainment and enjoyment to so many people." Tabcorp's current deal expires in August 2024. A Credit Suisse financial report last December speculated Tabcorp would be expected to pay $500m for a new 20-year licence, based on a 20 per cent POCT. Tabcorp has previously indicated it would not bid huge amounts for the Victorian licence, as current model is the least profitable compared to wagering deals in other states. The bookmaker, first granted the Victorian licence in 1994, won a 12-year extension in 2012 with an upfront $410m payment to exclusively operate retail betting outlets and TABs in pubs and clubs. The rise and success of corporate bookmakers, including racing and sports betting heavyweights Entain, the owner of Ladbrokes, and Sportsbet, could result in a restructured landscape. Tabcorp and the Victorian Racing Industry are in a 50-50 joint venture currently. Victorian racing generates $4.3 billion to the state's economy and sustains more than 33,000 full-time equivalent jobs, among the 121,000 participants. The racing codes were united on Tuesday welcoming the State Government POCT proposal.

POC Tax to increase in Victoria www.racing.com A significant reshaping of how racing is funded has been announced. Victoria's Point of Consumption Tax (POCT) is set to be increased from 10 per cent to 15 per cent - with racing set to receive 7.5 per cent of tax receipts. No details were released in terms of what the 7.5 per cent of tax will generate in income for Racing Victoria. The State Government will also scrap a key element of the upcoming wagering licence - racing's key funding source - with the removal of the 'no less favourable' provision, which essentially guaranteed each deal would provide racing with funding certainty. Racing insiders had been concerned that the new deal could see a significant shortfall in funding, as expressions in the new licence were believed to have been short of the current value. No details of the new wagering deal were announced on Tuesday. Both the Government and RV say the announcement is a crucial step in securing racing's long-term future in Victoria. Racing.com understands key elements of the announcement were finalised in state Cabinet on Monday. "These changes provide vital long-term certainty for the industry and ensure that it continues to be funded from wagering generated on its product - helping the industry to back jobs and events that bring in millions of dollars each year to communities right across the state," Minister for Racing Anthony Carbines said. "This latest increase to the point of consumption tax strikes the right balance and brings us into line with other states and provides long-term certainty for Victoria's vibrant racing industry." This increase will bring Victoria's POCT into line with New South Wales, Western Australia, South Australia and Tasmania at 15 per cent, while Queensland stands at 20 per cent. In a joint statement, the Victorian Racing Industry said it 'welcomes' the proposed changes to the POCT. The change will come into play from July 1, 2024. "We welcome the Victorian Government's plan to provide the VRI with an increased share of POCT receipts from July 2024. This is money that we help generate coming back to the VRI to secure its sustainability and provide funding certainty into the future," RV Chairman Brian Kruger said. "The VRI supports over 35,000 Victorian jobs and delivers more than $4.7 billion in economic activity annually to Victoria. We are a major Victorian industry, one that not only delivers jobs, but provides entertainment and enjoyment to so many people. "With the State Wagering and Betting Licence due for renewal in August 2024, and the end of the historical joint-venture industry funding arrangements, it is critical for Victorian thoroughbred racing and the broader VRI that we have long-term certainty around industry funding. "Funding certainty helps drive important decisions around investments in events, programs and infrastructure right across the state. It drives jobs and helps maintain vital commitments to protect the safety and welfare of animals and participants. "Victoria is the pre-eminent racing jurisdiction in Australia and we want to keep it that way by maintaining our globally recognised events and ensuring we offer an attractive racing program to drive investment in Victoria."

Do you have a selection? The odds are good - 1 in 6 of getting a black type winner. As for getting "inside information" surely you're not suggesting I'm part of the Mythical Cartel of the North? For the record I'm not on team TA nor have I spoken to anyone there in recent weeks. The last time I spoke with them was in February 2022. I can't recall what it was about but probably getting the facts about some issue. I'll admit I'm a fan of Te Akau. Why wouldn't anyone be? They run a top operation, buy some very nice yearlings and year in year out have enormous success on the track. Both here, in Singapore and in Australia. Not being as flush as most accountants I have to enjoy horse ownership vicariously. Most sales to keep my eye in I'll select a few prior to the sales and then review the overlap with the big buyers. I'll then keep an eye on their performance. In recent years there have been two I liked at TA - On The Bubbles and Imperatriz. Back to the Mythical Cartel and their Mafia. If they exist and it's known who they are then surely it is an easy process to expose and nullify them. A few OIA's, phone calls and a bit of forensic investigation would expose them. Should be a piece of cake to prove how they have been influential in the degradation of Riccarton and that the local players have had their demands ignored because of the Cartel.

So Latta has seven nominated for the AWT on Sunday.

So are you saying that one stable has had the most impact on the management decisions made at Riccarton that have led to its current state?