curious

Doesn't a 50% cost subtracted from 100%, leave 50% gross in the Entain accounts?

I'm sure it would be, maybe a reduction in gross profit or maybe an operating expense. Not quite sure, but certainly deductible before EBITDA.

"The Entain–TAB NZ partnership is based on a 50/50 share of Gross Betting Revenue (GBR)—that is, wagering turnover minus customer payouts—with Entain covering all operating and marketing costs, meaning the profit split occurs before expenses."

Correction. Actually it's gross profit, so before any Entain operating costs.

No. It's the former.

Do you mean the 8 week clause saying the stable has to have been present in the SI for 8 weeks? Don't see how that comes into play when the Walker/Bergerson winning one has been there all season?

NZTR Establishes Industry Investment Fund to Secure Racing’s Future New Zealand Thoroughbred Racing (NZTR) has announced the establishment of a dedicated Industry Investment Fund, a strategic initiative designed to support the long-term financial sustainability of the Thoroughbred racing industry in New Zealand. The Fund has been launched with $10 million in seed funding, representing a contingency reserve that remains accessible to NZTR if required. This initial capital provides a strong foundation for the Fund to begin operating and building confidence across the industry as a prudent and forward-looking investment strategy. “This is a significant milestone for the industry,” said Russell Warwick, NZTR Chair. “The Industry Investment Fund is about future-proofing racing in New Zealand and is a proactive step to ensure we have a sustainable and diversified financial base for generations to come.” To ensure both security and growth, the Fund has been diversified across multiple investment accounts and providers. This approach balances the need for long-term returns with preservation of capital, aiming to outperform traditional term deposit returns over time. Term deposit rates continue to track down with the lowering of the Official Cash Rate which is expected to reach 2.75% by the end of the year. As the Fund grows, NZTR expects to build on the capital sum from any proceeds realised from the venue consolidation process which is a key part of industry strategy. These additional contributions will help reduce the industry’s reliance on wagering revenue and establish a robust alternative income stream. The Fund’s performance and investment mix will be closely monitored by the NZTR Audit & Risk Committee, with regular reviews to ensure alignment with industry needs and financial best practices. “The Fund gives us an opportunity to build sustainable revenue streams and allows our existing capital to work for the industry,” Warwick added. “It’s not just an investment of capital; it’s an investment in the future of New Zealand racing." Corporate Communications New Zealand Thoroughbred Racing nztrcommunications@nztr.co.nz

Bloody good question

Clear your cache and cookies if you haven't already.

Works for me still.

https://www.facebook.com/groups/424229018789803

Not an in play bettor but can't imagine that Bet365 is too keen on providing up to date data for NZTAB customers.

Probably so. Is there any?

$100,000 race at Awapuni yesterday with a full field and plenty of form and their tote win pool was $7682 and $3716 place pool. Not seeing any surging revenue here, either from increased stakes or online monopoly legislation.

Another example of the top-down autocratic approach to leadership that I wrote the letter about.

I don't really see where Eliot's response suggests it is on behalf of anyone other than him and the RIB?

Yes that includes sports betting. It's 50% GBR, Im pretty sure.

Don't agree with that at all. In my experience NZTR are extremely prompt and efficient with this sort of thing. More likely busy trainers a bit delinquent with their change of stable paperwork if that is necessary here.

That's definitely Entain's saving from their share. Won't accrue anything to NZTAB/NZracing.

I thought it was 50% GBR isn't it?

And remember that NZ racing will only get half of that from 2028

Financial Year TAB NZ Gross Betting Revenue (NZ$ million) 2019/20 315 2020/21 385 2021/22 380 2022/23 376 2023/24 371

Where do you get that from? Overall I have the GBR peak in 20/21, flat since then.

Critical one GBR, up 1.2%, well below CPI. Take no responsibility by way of the product but blame it on FO margins

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