curious

I'm mystified too @Huey You think the intention is something other than what they stated?

The matter was to be resolved beforehand or go to mediation by August 4 and if that failed they had till September 12 to file a response to the federal court. As far as I'm aware, no outcomes have been reported yet by either party. Do you know something that the rest of us don't?

It's not Entain NZ that faces any fine here. The company has a market capitalisation of 6.45 billion GBP and an EBITBA last year of £1,089m. I don't think a few A$100ms in fines is going to change anything much.

I fail to see how the outcome could possibly have any impact on NZ racing?

NZTR Strengthens Track Advisory Programme with VRC Partnership New Zealand Thoroughbred Racing (NZTR) has announced significant enhancements to its Regional Track Adviser (RTA) Programme for the 2025-26 racing season, including a partnership with the Victoria Racing Club (VRC).https://bitofayarn.com The VRC and its Head of Racecourse, Liam O’Keeffe, will now support NZTR and racing Clubs across New Zealand. VRC Head of Racecourse, Liam O’Keeffe Providing turf consultancy services for an average of five days per month, the partnership will deliver knowledge sharing across maintenance and renovation planning, construction and turf management, track inspections, audits, and raceday surface preparation. The partnership is designed to share international best practices and elevate track management standards across New Zealand. “The VRC is thrilled to provide turf expertise to NZTR Track Managers, sharing our insights into the world-class standard of Flemington Racecourse,” said Leigh Jordon, Chief Racing Officer at the VRC. O’Keeffe will consult with Regional Track Advisers, as part of a partnership that reflects NZTR’s commitment to strengthening track infrastructure and improving surface consistency across all racing venues. NZTR Chief Executive Officer Matt Ballesty commented on the appointment. “Bringing in the expertise of the VRC and Liam is a major step forward for our track programme, and the partnership is about strengthening local talent and addressing the areas where we know improvement is needed.” “We’re fortunate to have experienced and highly skilled Track Managers across the country, and Liam will work alongside them to provide additional support, share international insights, and help us continue lifting standards nationally for the long-term benefit of the industry,” Ballesty said. The RTA Programme continues to serve as a critical support network for Club Track Managers. While Track Managers remain responsible for delivering a safe racing surface, RTAs provide mentoring and advisory support and meet regularly with NZTR to plan and review upcoming racing activity. 2025-26 Track Adviser Club Assignments · Jason Fulford (Auckland Thoroughbred Racing) – Avondale JC, Racing Te Aroha and Whangarei RC. · Bart Cowan (Waikato Thoroughbred Racing) – Matamata RC, Racing Rotorua, Racing Taupō and Racing Tauranga. · Jamie Phillips (RACE Inc.) – Foxton RC, Hawke’s Bay RI, Ōtaki-Māori RC, Waipukurau JC, Wairarapa RC and Woodville-Pahiatua RC. · Colin Cromarty (Waverley Racing Club) – Egmont RC, Taranaki TR and Wanganui JC. · Alan Chapman (Canterbury Jockey Club) – Ashburton RC, Greymouth JC, Kumara RC, Reefton JC and Timaru JC. · Wayne Stevens (Otago RC) – Central Otago RC, Gore RC, Kurow JC, Oamaru JC, Riverton RC and Southland RC. https://bitofayarn.com Corporate Communications New Zealand Thoroughbred Racing nztrcommunications@nztr.co.nz New Zealand Thoroughbred Racing 18 Dick Street, Cambridge 3434 Email: office@nztr.co.nz Tel: 0800 946 637 NZTR.CO.NZ Unsubscribe

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?