Chief Stipe

I'm sure @JJ Flash views this result with positividdy.

Note the $7.2m down on budget for gaming for the year. The sole source of funding for the RIB. The RIB (RIU) shortfall of about the same amount or more has to come from the codes distribution. We await NZTR's financials!!!

I hope this isn't a trend. July Profit down 37% on what was a weak budget.

TAB NZ Trading Performance Update - July 2022 www.tabnz.org TAB New Zealand (TAB NZ) provides the twelfth and final monthly trading update for the 2021/2022 financial year, with the results and highlights for July 2022. The TAB continued to operate through its online and retail channels throughout July. While the current Omicron outbreak continued to be a presence and factor through June, New Zealand remained at the Orange setting in the Covid-19 Protection Framework with retail and hospitality operating through the month. Turnover was down against budget in July, as was gross betting revenue (GBR), although the gross betting margin was up on expectations. A combination of factors contributed to the result. These included softening economic conditions continuing to have an impact on discretionary spend for New Zealanders in line with the rising cost of living, ongoing mask restrictions in retail venues continue to deter a section of customers from visiting, race meetings being abandoned due to weather and a drop in starter numbers in two of the three racing codes in July; continuing on from a trend that began in April. Operating expenses were up on budget in July due to restructuring costs, and investments in customer retention and acquisition. The TAB NZ Board has been able to maintain betting profit distributions at budgeted levels throughout the entire financial year. With funding from Betting Information Use Charges and the Betting Levy tracking above budget, this has meant that total distributions have been above budgeted expectations. The Board will continue to factor in potential developments in New Zealand’s response to Covid-19, the ongoing impact of masks in retail venues, the current domestic and global financial climate, and the potential impact of any further ongoing trend of a drop in starter numbers as it assesses future distributions. Wagering Performance Summary In July, the key performance results for TAB NZ were slightly down on the overall positive trends of the 2021/22 financial year. Turnover of $203.5m was 5.7% ($12.3m) below budget. Gross betting revenue (GBR) of $32.6m was down on budget by 4.8% ($1.6m). The gross betting margin (GBM) of 16.0% was 0.2 percentage points above budget. Racing Average NZ thoroughbred starters per race in July was 10.2, slightly below the FY22 average of 10.6, while the peak turnover for a domestic meeting was $2.6m on 30 July for the Taumarunui Raceday at Te Rapa. The average starters per harness race in July was 10.3, slightly above the FY22 average of 10.2, while the peak meeting turnover of $1.1m was on 22 July at Addington. For greyhound racing, the average starters per race in July was 7.5, slightly below the YTD average of 7.6, while the peak turnover for a domestic meeting was $493k on 14 July at Addington. Sport The top 3 sporting events by turnover for July were the three All Blacks tests against Ireland with a combined turnover of $5.0m. Basketball was the leading in-play sporting code accounting for 20% of in-play turnover while Rugby League was the top pre-match singles sporting code accounting for 34% of pre-match turnover. July Operational Performance Reported Profit for the month was $8.7m, which was $5.2m below Budget. Operating Expenses were $11.9m for the month, which was $1.7m above Budget. Full Year (1 Aug 2021 to 31 July 2022) Reported Profit was $154.8m, which was $8.5m below Budget and $23.5m below last year. Full Year (1 Aug 2021 to 31 July 2022) Operating Expenses were $119.0m, which was $1.7m below Budget and $5.4m above last year. July Distributions Racing Codes were paid $14.6m in distributions and other payments for July, versus $14.3m budgeted. This consisted of TAB NZ Betting Profit (listed as Fixed Distribution in the table below), offshore bookmaker commission fees, which are based on actual turnover (termed Betting Information Use Charges (BIUC) in the table below), and Betting Duty/Levy repeal. Top 10 Racing events by turnover Date Venue Race No. Race description Turnover 23-Jul New Plymouth R5 Powerworx Opunake Cup $562K 30-Jul Te Rapa R8 Taumarunui RSA Gold Cup $398K 2-Jul Ruakaka R8 Northbeam Strong Stuff $396K 30-Jul Te Rapa R11 Woods Contracting 1400 $367K 30-Jul Te Rapa R9 NZ Farmers Livestock 1200 $346K 23-Jul New Plymouth R8 Seaton Park 1600 $344K 16-Jul Ruakaka R8 ITM/GIB Progressive Winter Champs Series Final $335K 23-Jul New Plymouth R3 UBP Ltd 1800 $335K 30-Jul Te Rapa R10 Bob & Colleen Donaldson Memorial 1400 $334K 30-Jul Te Rapa R6 Courtesy Ford Ryder Stakes $322K Top 10 Sporting events by turnover Date Code Event Turnover 16-Jul Rugby Union New Zealand v Ireland $1.9M 9-Jul Rugby Union New Zealand v Ireland $1.6M 2-Jul Rugby Union New Zealand v Ireland $1.5M 13-Jul Rugby League Queensland v New South Wales $950K 3-Jul Rugby League New Zealand Warriors v Wests Tigers $596K 29-Jul Rugby League New Zealand Warriors v Melbourne Storm $584K 12-Jul Rugby Union Maori All Blacks v Ireland $536K 28-Jul Rugby League Manly Sea Eagles v Sydney Roosters $487K 23-Jul Rugby League Canberra Raiders v New Zealand Warriors $469K 7-Jul Rugby League Cronulla Sharks v Melbourne Storm $444K Q

It's official in Hong Kong because it is a closed system and everything is measured. I'd be fascinated to hear how you use horse weight in your punting selections.

Cool. So it's ready to race on.

I guess the usual suspects will be singing from the heights about how great it is. The likes of @JJ Flash for example. Where are the fantastic gains in revenue that were lauded by these people? We await the financials for July and the preliminary annual result. Yes nice to see an increase in stakes in Auckland but it only adds to the industry problems. Will gallops eventually go the same way as harness in Auckland? I suspect a lot has been punted on grabbing Avondales assets.

The point I was making is that they haven't maintained their core business and now find themselves competing ineffectively in the hospitality industry.

Since the CJC has screwed every other club in the near vicinity and ruined their Rangiora asset they have no alternative turf venues to race on while the Riccarton track is renovated. Which is needed now and on a regular basis in the future. I guess the ARC has had some foresight in that regard.

The CJC has had ample industry supplied capital which they have pissed away. Why didn't they look after their turf track? After all isn't that what their core business gallops on?

What's more the Stakes in OZ are generated largely by racing activity not "diversified investments"! In my opinion it isn't sustainable if it isn't based on the core business. I've seen the "good times are coming" rolled out so many times in the past that I wait with bated breath for the TAB-NZ July year end financial result.

No it wouldn't. She was always the top rated horse in that field. Was just a question of how much she would win by.

So you would have priced her lower in your pre-race assessment if you'd had that information? I.e. her actual race odds were at overs.

Well when an illiterate recidivist anti-TA poster calls Ellis a liar and worse I'd expect a phone call as well. Further that particular poster has made defamatory and false statements about David Ellis and others.

Does anyone talk to anyone anymore?

What size does it fit?

Really attractive punting meeting on the Riccarton AWT today. NOT!

So what does that take the 29 down to?

Well you'd reduce the odds by picking the ones with Opie on.

So @The Centaur you would have done quite well today backing TA? 6 wins.

You assume the trainer didn't contribute. Either way what difference would it make to your betting strategy? Wouldn't an accurate track condition report be more important?

Just for you @The Centaur

Have you considered passing on your suggestions to TA and other trainers? https://teakauracing.com/contact-us/

Why is it in TA's interest to provide more than they do? What information would YOU as an average punter want that would influence your bets?

Why? What is in it for TA? From my experience most Trainers are about as accurate as most Tipsters when tipping horses. Especially a long way out from a race. Your original post lists the times and distances of track work and says there should be more information. Hell it is more information than the majority of Trainers.