hesi

Yep, the magnetic poles have definitely reversed

Looks like Ken played and missed

They have Madison County in today

For those that question the advisability of upgrading tracks and question what good it will be, Messara covers it in the report "In this connection, we were advised that one international computer betting organisation had researched some 10 years of New Zealand thoroughbred racing form and results and concluded that their system could not be assured of making a profit, which it did in other countries in which they operated, even after allowing for potential rebates on significant betting turnover. Their conclusion was that the randomness and variance of form and results in New Zealand was probably unique with the main reasons being the generally poor state of tracks, the amount of wet track racing and wide deviations in track conditions as between tracks at the same time of year. These views are important as a robust and appealing betting product is critical to the future of the New Zealand thoroughbred racing industry"

Good idea, a big mistake for NZ racing, a bridge too far, only really relevant for training. Messara does seem unusually slanted towards them though?? I note also in the Capex table in the report, that only 1 million has been allocated for facilities at Cambridge, which at present has none, and is expected to be a racing venue as well as training, and also eventually have Rotorua relocate there

Not in the Messara Report, but probably in the Future Venue Plan Joint Working Group set up in early 2018 by NZRB with the 3 codes

As part of the Messara Report "In 2018 a Future Venue Plan Joint Working Group was established between the NZRB and the three Codes to develop a future infrastructure plan for the NZ racing industry" Messara has referred to this report in recommending 20 courses be closed to generate 190 mil to pay for facilities and track upgrades. Of the 28 to be kept, he recommends 1. 3 synthetic tracks at Cambridge, Awapuni and Riccarton 2. Total course proper rebuilds(24 months out), at Ellerslie, Riccarton and Awapuni 3. Course proper reconstructions(12-18 months out), at Te Aroha and Trentham 4. Course proper renovations(6-12 months out), at Matamata, Hastings, OTAKI, Wanganui, New Plymouth, Tauherenikau, Wingatui, Ashburton, Invercargill, Kumara and Cromwell The concern is after the various debacles at Otaki and Te Rapa and a few others, that NZ Racing simply does not have the expertise to execute such a plan, and a reluctance to take on what is needed to execute such a plan

From the Annual report, Financial Statement Notes Dividends payable on betting and gaming operations are recognised once the event has resulted, at the fair value of the consideration to be paid. Any unclaimed dividends on totalisator and fixed odds revenue are recognised as unpaid dividends within other financial liabilities. Dividends paid on gaming turnover represents payouts to customers from the gaming machines, including jackpot payouts.

It will be somewhere in the NZRB Annual Report. I'll have a look tomorrow, if Curious does not beat me to it

Bull

What? Did the earth's magnetic poles just reverse

Does anyone have confidence that the sand issue at Te Rapa has been rectified, and therefore that is also called off after R1

There was some reasonable stake money left on offer, for NZ anyway, 140K over 5 races

21 mm irrigation applied from Wed night through till Friday

What sire, spending too much time with the bulls VS

Probably the way to go, a nice big cheque but still able to race a very good horse

This timeline gives an idea of a new drugs road from synthesis to oblivion(when all the generics come in and crash the price)

That's your buddy, ex channel Liquorice All Sorts He's always on about soft cocks, you know how the story goes, those that talk about it the most.............

Wasn't actually making a point, just adding in a bit of background Viagra, next cab off the rank, so watch prices drop

Good post MMS, and it raises the question, what do you do when you have a promising young horse in NZ. Lots of people in the game on BOAY, what's the consensus Apparently sold for 600K, wins the VRC Oaks(2.50 FF), and money back already, still with plenty of racing left and a very valuable broodmare

Just a bit of background on this The large drug companies around the world, and there are surprisingly few, put billions into developing new drugs. It takes 15-20 years to get a new drug approved, this as a result of the thalidomide disaster back in the 50's They get patent protection of about 15 years, I think, for a new drug, during which time they charge as much as they can to recoup development costs, but I would think push it as much as possible to maximise profit Once patent protection finishes, then all the generics come on stream and the price drops by a huge margin. A good example of this is Panadol(acetaminophen), off patent a long time ago, and now you can buy a generic pack of 20 tabs for 99 cents. We have recently seen an example in NZ of lack of testing and the issues it caused, with the carte blanche that happened with synthetic cannabis products

Meeee tooo