curious

What are "future state options" exactly?

Looks and sounds promising.

Reads like a promo for Champions day and the NZB Kiwi. Nothing of note about what NZTR are actually doing?

Interesting comment which raises an interesting question. If you take all clubs in combination, would there be a net taxable profit and therefore any return to government and the taxpayer? I would doubt it.

And it is no longer. The taxpayer has given that back too with some help from Winnie.

What betting levies? Do you mean the problem gambling levy?

I think you both would have done better if you'd rocked up in the tangerine onesie.

I'm not sure he can afford your commissions.

They don't get any now do they? Unlike in Australia.

That's true that the shareholders are funding the purchase costs but from the end of the guarantee period, it will only be the NZ business contributing to racing.

No. Only the NZTAB revenue does.

Sports increase looks pretty stable. It has been running about + 50% YOY since last August.

I'm beginning to wonder if one or two slots might not pay up?

Have to say that's a cracker pic of OP. Don't get that sort of racing photography much anymore.