curious

And what's the bet that NZTR in their wisdom, with the increased funding for next season from the Entain deal, fritters it away on stakes instead of using it for capital investment in the crumbling infrastructure and providing a product that Entain can sell to punters.

Yes, I think any talk of a windfall is smoke and mirrors unless Entain can pull a rabbit out of a hat. Be interesting to hear what they have to say at their roadshow next week.

Go Reefton!

It isn't really earning anything after meeting its obligations to fund the codes is it? In recent times it has had to do even that by borrowing, grants etc. Entain or any other buyer still have to meet those same obligations and Entain has guaranteed to do so.

Looked more like a liability than an asset in recent years to me. If it were a big asset, you wouldn't give it away for $150m would you?

https://www.tabnz.org/racing-and-sport-win-big-tab-nz-strategic-partnering-arrangement

Oh. What is the withholding period?

Oops

There is one in my programme book for June 24 or have they belatedly halved the stakes for that one too like the they did the June 2 one?

I think Chris's time will come, probably when he officially hangs up his boots. His lifetime win record may still be higher then when the award is made. Possibly unassailable, especially considering the downward spiral and reducing opportunities for jockeys that NZ racing is providing.

https://youtu.be/aUDgaN6iHFc

Really? It's all over the news. https://www.americasbestracing.net/the-sport/2023-magical-kentucky-derby-venezuela-mage-scores-classic-upset

Who got the DCM?

The Victorian POCT is: Point of Consumption Tax The POCT will apply at a rate of 8 per cent of the net wagering revenue derived from all wagering and betting activity by customers located in Victoria. The NZ POCT is a different bird. The POCC applies to bets taken by offshore betting providers on racing and sporting events from persons resident in New Zealand The NZ tax is set at 10 per cent of an offshore operators Gross Betting Revenue (GBR)

Imagine if the NZTAB had to pay tax of 15% of every dollar bet to the government and taxpayer. The latter may then be more interested in giving something back to racing.

Right. He's had heaps including at national organisation level.

Yep. And like Jelly said, I'd still probably rather have him on down there than riding against us.

Yeahh but they might never have charged home al all if they'd been ridden handier or made their run sooner, eh?

Specifically and consistently, money from other sources to subsidise TR stakes. Though he seems to be anti the TAB promoting sports betting when that funding is a key source for the former objective.

And a key driver of the 2003 Act from memory? Still advocating increased stakes as a primary goal with no thought given to the factors that might make the industry viable again. 20 years on and wants to do more of what hasn't worked for 2 decades.

About what?

Of course the RTC still hold meetings as they did at Riccarton last Saturday. Though it was nominally the Riccarton Turf Club @ Riccarton Park meeting, it was officially a CJC meeting run under their tote licence. I wonder if the 80s meetrings were the same or if the RTC actually held their own tote licence at that time.

You may be right Doomed but it would have been contrary to their own rules.

They filed an annual financial statement in November last year showing equity of $66,645 in the form of a loan to the CJC.

As far as I know, they were never licensed to run an on course only tote meeting, only an equalisator one which certainly wouldn't do 250k.