hesi

Excuse the ignorance, but what is the Waikato Greenfields Project at $110 mil, which the report appears to endorse, as something that will happen in 8 years, with the sale of Te Rapa, Te Awamutu and the as yet to be built Cambridge synthetic track facility. Message is clear, if you want to be part of the future industry in the North, move to Hamilton/Cambridge

Rock the boat on disgRACE CAFE, and you'll have your private PM's read

Just for you NM

Peters said in his speech about the NZRB "I know a dead horse when I see one" That probably tells you everything about the future of the NZRB and it's excessive cost explosions

Hahaha, excuse the pun, but did you think I came down in the last shower. I see on the TAB home page, they have the Tarrzino featured, but when you click on it, it brings up last years race. I can't even put a bet on, a grand on Close Up

So track reduction to 28, is not to save money, because they never had this money(104 mil) to spend on upgrading in the first place. It is about generating 190 mil to upgrade the remaining 28 tracks. Most of this coming from Avondale. Okay, if that happens(??), that generates the cash needed to bring facilities into the modern world. That in itself is required, but won't on it's own generate sustainability and the doubling of stakemoney to 100 mil. So I presume the key event that must happen in tandem is the outsourcing of the TAB, which along with devolving racing responsibilities to the 3 codes, negates the need for NZRB(Wagering NZ), in anything more than avery slimmed down version. So the deal negotiated with the outsourcing is also key, as it generates the ongoing sustainable funding ie stakes at 100 mil Is this correct?

Messara contends that the Racing Act 2003, states that racing clubs do not own their assets, the national body does, and recommends the Act be amended to remove any ambiguity that exists. A major part of the plan appears to hinge on this, as most of the 190 mil for upgrades at the remaining 28 tracks comes from the sale of freehold land, mainly Avondale I might add

Also reading through the report, the racing responsibilities of NZRB(Wagering NZ) are devolved to the 3 codes. Just what racing responsibilities do they have?, NZRB is almost totally about wagering. It's purpose is to deliver betting

A major part of the Mesara report is the updating of the remaining 28 racecourses, including the 3 synthetic tracks, at a cost of 190 million. This is mainly funded from the sale of assets/freehold land at 16 of the courses to be closed. It appears therefore that the plan depends on the sale of Avondale, rateable value 100 mil, but more likely development value 200 mil. To do this, the Racing Act 2003 is being recommended to be changed to remove any ambiguity about ownership not belonging to the club , but to NZTR. This also applies to all of the 16 freehold courses to be closed. mmmmmmmmmmmmmm heavy stuff

Rather than 6 months of toxic hand wringing why doesn't BOAY put in a response to the 17 recommendations Obviously some are not open to change and others need more clarification but others such as the track closures are open to informed input

It was part of NZ First racing policy also

RB racing responsibilities to new tri code Racing NZ New Wagering NZ Out sourcing of TAB All points to RB extinct Clearly Peters and Messara thought not worth persevering with, so what is point of a review Issue is RB did 350 mil net betting revenue but it cost 200 mil for 150 to racing Whoever takes it on will have to do a lot better as that is the money needed for a sustainable business model

Go Seabiscuit

If the RB becomes Wagering NZ and the racing responsibilities are devolved to the 3 codes, and they seek to outsource the TAB's commercial activities, then this makes the RB redundant and a Performance and Efficiency Audit of the NZRB with particular emphasis on the operating costs of the NZRB, irrelevant

12 of the 17 recommendations apply to all 3 codes

Have to admit the focus on thoroughbred is not conducive to the racing industry as a whole, but 12 of the 17 recommendations are across the 3 codes

https://www.dia.govt.nz/vwluResources/Racing-Report-August-2018/%24file/Review-of-the-NZ-Racing-Industry-Report.pdf Recommendations Change the governance structure, so the NZRB becomes Wagering NZ with racing responsibilities devolving to the individual Codes. This will sharpen the commercial focus of TAB operations and improve the decision-making and accountability of the Codes. Establish Racing NZ as a consultative forum for the three Codes to agree on issues such as entering into commercial agreements with Wagering NZ, approving betting rules and budgets for the integrity bodies, equine health & research, etc. Change the composition and qualifications for directors of regulatory bodies. Request that a Performance and Efficiency Audit of the NZRB be initiated under section 14 of the Racing Act 2003, with particular emphasis on the operating costs of the NZRB. Amend the Section 16 distribution formula of the Racing Act 2003 to a more equitable basis for fixed 10-year terms. Initiate a special review of the structure and efficacy of the RIU and allied integrity bodies, to be conducted by an independent qualified person. Begin negotiations for the outsourcing of the TAB’s commercial activities to an international wagering operator, to gain the significant advantages of scale. Seek approval for a suite of new wagering products to increase funding for the industry. Confirm the assignment of Intellectual Property (IP) by the Clubs to the Codes. Introduce Race Field and Point Of Consumption Tax legislation expeditiously. These two measures will bring New Zealand’s racing industry into line with its Australian counterparts and provide much needed additional revenue. Repeal the existing betting levy of approximately $13 million per annum paid by the NZRB, given that the thoroughbred Code is a loss maker overall, with the net owners’ losses outweighing the NZRB’s net profit. Clarify legislation to vest Race Club property and assets to the Code regulatory bodies for the benefit of the industry as a whole. Reduce the number of thoroughbred race tracks from 48 to 28 tracks under a scheduled program. This does not require the closure of any Club Upgrade the facilities and tracks of the remaining racecourses with funds generated from the sale of surplus property resulting from track closures to provide a streamlined, modern and competitive thoroughbred racing sector capable of marketing itself globally. Construct three synthetic all-weather tracks at Cambridge, Awapuni & Riccarton with assistance from the New Zealand Government’s Provincial Growth Fund. Support the development of the Waikato Greenfields Project. Introduce robust processes to establish traceability from birth and the re-homing of the entire thoroughbred herd, as the foundation stone of the industry’s ongoing animal welfare program. Increase thoroughbred prizemoney gradually to over $100 million per annum through a simplified three-tier racing model, with payments extended to tenth place in all races.

https://www.dia.govt.nz/vwluResources/Racing-Report-August-2018/%24file/Review-of-the-NZ-Racing-Industry-Report.pdf Recommendations Change the governance structure, so the NZRB becomes Wagering NZ with racing responsibilities devolving to the individual Codes. This will sharpen the commercial focus of TAB operations and improve the decision-making and accountability of the Codes. Establish Racing NZ as a consultative forum for the three Codes to agree on issues such as entering into commercial agreements with Wagering NZ, approving betting rules and budgets for the integrity bodies, equine health & research, etc. Change the composition and qualifications for directors of regulatory bodies. Request that a Performance and Efficiency Audit of the NZRB be initiated under section 14 of the Racing Act 2003, with particular emphasis on the operating costs of the NZRB. Amend the Section 16 distribution formula of the Racing Act 2003 to a more equitable basis for fixed 10-year terms. Initiate a special review of the structure and efficacy of the RIU and allied integrity bodies, to be conducted by an independent qualified person. Begin negotiations for the outsourcing of the TAB’s commercial activities to an international wagering operator, to gain the significant advantages of scale. Seek approval for a suite of new wagering products to increase funding for the industry. Confirm the assignment of Intellectual Property (IP) by the Clubs to the Codes. Introduce Race Field and Point Of Consumption Tax legislation expeditiously. These two measures will bring New Zealand’s racing industry into line with its Australian counterparts and provide much needed additional revenue. Repeal the existing betting levy of approximately $13 million per annum paid by the NZRB, given that the thoroughbred Code is a loss maker overall, with the net owners’ losses outweighing the NZRB’s net profit. Clarify legislation to vest Race Club property and assets to the Code regulatory bodies for the benefit of the industry as a whole. Reduce the number of thoroughbred race tracks from 48 to 28 tracks under a scheduled program. This does not require the closure of any Club Upgrade the facilities and tracks of the remaining racecourses with funds generated from the sale of surplus property resulting from track closures to provide a streamlined, modern and competitive thoroughbred racing sector capable of marketing itself globally. Construct three synthetic all-weather tracks at Cambridge, Awapuni & Riccarton with assistance from the New Zealand Government’s Provincial Growth Fund. Support the development of the Waikato Greenfields Project. Introduce robust processes to establish traceability from birth and the re-homing of the entire thoroughbred herd, as the foundation stone of the industry’s ongoing animal welfare program. Increase thoroughbred prizemoney gradually to over $100 million per annum through a simplified three-tier racing model, with payments extended to tenth place in all races.

https://www.dia.govt.nz/vwluResources/Racing-Report-August-2018/%24file/Review-of-the-NZ-Racing-Industry-Report.pdf Recommendations Change the governance structure, so the NZRB becomes Wagering NZ with racing responsibilities devolving to the individual Codes. This will sharpen the commercial focus of TAB operations and improve the decision-making and accountability of the Codes. Establish Racing NZ as a consultative forum for the three Codes to agree on issues such as entering into commercial agreements with Wagering NZ, approving betting rules and budgets for the integrity bodies, equine health & research, etc. Change the composition and qualifications for directors of regulatory bodies. Request that a Performance and Efficiency Audit of the NZRB be initiated under section 14 of the Racing Act 2003, with particular emphasis on the operating costs of the NZRB. Amend the Section 16 distribution formula of the Racing Act 2003 to a more equitable basis for fixed 10-year terms. Initiate a special review of the structure and efficacy of the RIU and allied integrity bodies, to be conducted by an independent qualified person. Begin negotiations for the outsourcing of the TAB’s commercial activities to an international wagering operator, to gain the significant advantages of scale. Seek approval for a suite of new wagering products to increase funding for the industry. Confirm the assignment of Intellectual Property (IP) by the Clubs to the Codes. Introduce Race Field and Point Of Consumption Tax legislation expeditiously. These two measures will bring New Zealand’s racing industry into line with its Australian counterparts and provide much needed additional revenue. Repeal the existing betting levy of approximately $13 million per annum paid by the NZRB, given that the thoroughbred Code is a loss maker overall, with the net owners’ losses outweighing the NZRB’s net profit. Clarify legislation to vest Race Club property and assets to the Code regulatory bodies for the benefit of the industry as a whole. Reduce the number of thoroughbred race tracks from 48 to 28 tracks under a scheduled program. This does not require the closure of any Club Upgrade the facilities and tracks of the remaining racecourses with funds generated from the sale of surplus property resulting from track closures to provide a streamlined, modern and competitive thoroughbred racing sector capable of marketing itself globally. Construct three synthetic all-weather tracks at Cambridge, Awapuni & Riccarton with assistance from the New Zealand Government’s Provincial Growth Fund. Support the development of the Waikato Greenfields Project. Introduce robust processes to establish traceability from birth and the re-homing of the entire thoroughbred herd, as the foundation stone of the industry’s ongoing animal welfare program. Increase thoroughbred prizemoney gradually to over $100 million per annum through a simplified three-tier racing model, with payments extended to tenth place in all races.

Recommendations Change the governance structure, so the NZRB becomes Wagering NZ with racing responsibilities devolving to the individual Codes. This will sharpen the commercial focus of TAB operations and improve the decision-making and accountability of the Codes. Establish Racing NZ as a consultative forum for the three Codes to agree on issues such as entering into commercial agreements with Wagering NZ, approving betting rules and budgets for the integrity bodies, equine health & research, etc. Change the composition and qualifications for directors of regulatory bodies. Request that a Performance and Efficiency Audit of the NZRB be initiated under section 14 of the Racing Act 2003, with particular emphasis on the operating costs of the NZRB. Amend the Section 16 distribution formula of the Racing Act 2003 to a more equitable basis for fixed 10-year terms. Initiate a special review of the structure and efficacy of the RIU and allied integrity bodies, to be conducted by an independent qualified person. Begin negotiations for the outsourcing of the TAB’s commercial activities to an international wagering operator, to gain the significant advantages of scale. Seek approval for a suite of new wagering products to increase funding for the industry. Confirm the assignment of Intellectual Property (IP) by the Clubs to the Codes. Introduce Race Field and Point Of Consumption Tax legislation expeditiously. These two measures will bring New Zealand’s racing industry into line with its Australian counterparts and provide much needed additional revenue. Repeal the existing betting levy of approximately $13 million per annum paid by the NZRB, given that the thoroughbred Code is a loss maker overall, with the net owners’ losses outweighing the NZRB’s net profit. Clarify legislation to vest Race Club property and assets to the Code regulatory bodies for the benefit of the industry as a whole. Reduce the number of thoroughbred race tracks from 48 to 28 tracks under a scheduled program. This does not require the closure of any Club Upgrade the facilities and tracks of the remaining racecourses with funds generated from the sale of surplus property resulting from track closures to provide a streamlined, modern and competitive thoroughbred racing sector capable of marketing itself globally. Construct three synthetic all-weather tracks at Cambridge, Awapuni & Riccarton with assistance from the New Zealand Government’s Provincial Growth Fund. Support the development of the Waikato Greenfields Project. Introduce robust processes to establish traceability from birth and the re-homing of the entire thoroughbred herd, as the foundation stone of the industry’s ongoing animal welfare program. Increase thoroughbred prizemoney gradually to over $100 million per annum through a simplified three-tier racing model, with payments extended to tenth place in all races.

https://www.dia.govt.nz/vwluResources/Racing-Report-August-2018/%24file/Review-of-the-NZ-Racing-Industry-Report.pdf

https://www.facebook.com/dia.govt.nz/ It's on now

If TAB goes I presume the whole NZRB organization goes That's over 200 mil in costs per annum If Tabcorp can generate the same net betting revenue for half the cost, I presume that means an extra 100 mil to come back to racing of which of course a lot bigger cut would have to go to sports

Lots of irony There is also a certain amount of uncomfortableness(?) between BGP bringing NZTR(the body that administers thoroughbred racing), a whole lot more business, and NZTR giving BGP an award. Isn't media in whatever form, mean't to be independent

No, I see they have just changed the forecast, predicting that rain band will come in more and provide more rain in Hastings today