curious

17 July 2020 New Zealand Thoroughbred Racing (NZTR) announced today that stakes levels for the 2020/21 racing season will return to those in the 2019/20 season pre-COVID. “The NZTR Board met yesterday and I am pleased to advise the wider industry that our stake levels were determined for the coming season,” NZTR CEO Bernard Saundry said. “It is our intention that stakes levels will remain consistent with the pre-COVID levels, however we need to be aware that we continue to operate in an uncertain environment.” “As an industry we need to be cognisant of the continuing uncertainties that COVID-19 has brought about and be nimble enough to make adjustments if required,” Saundry said. “As a code we will work closely with the TAB to address any variations that may occur during the upcoming season,” he said. “At the same time though, we need to provide encouragement for our owners, and we will be continuing with two initiatives introduced during our return to racing period in the new season.” NZTR introduced payment back to 14th place and no nomination or acceptance fees for those horses which started at the return to racing meetings, as an acknowledgement of the difficult times experienced by owners during the lockdown period. Both will continue from 1 August. On the programming front, August and September will see the return of Maiden, 3YO and R65 races. Programmes will still include Open Entry races to maximise opportunities for horses, however this will be reviewed throughout that period. “NZTR acknowledges the support of the government and the Racing Industry Transition Agency (RITA) during these difficult times as we navigated the lockdown and post-COVID environment while also negotiating the passage of the Racing Industry Bill,” Saundry said.

No. They "vest in the racing code with which the club was registered" under the Act.

They never will. As I understand it if the assets are transferred under the legislation it is to the codes?

Could we re-cultivate that here?

What locals? The ones on the piss?

Meeting News Programmes for Aug and Sept 2020 Please find attached the programmes for the first two months of next season for both Islands. Although not confirmed it is expected that stakemoney will be at a similar level as that raced for last season. A programming guide will be sent out later this month. Please click here to view NI programming chart Please click here to view SI programming chart

Interesting that you mention revenue per horse. That's a far better estimate in my view of how we are doing stakes wise in my view especially when comparing with Oz etc. i.e. total stakes available p.a./number of individual horses. That's what really matters to owners. Reduced stakes and reduced opportunities as you suggest may also realign the horse numbers to the opportunities and available tracks.

Might be about right with the reduction in distributions to $140m?

No. Despite that and the duty relief, net loss after distributions which are static has gone from -15m to -16m for the half year and this was pre-Covid.

And that's all come in the second quarter. They were down 1.1m as of end October.

I see Noodlum is editing your posts again Chief Stipe.

Interestingly "The Act binds the Crown", so if they want to sell up the likes of Foxton, presumably that's who they will be taking the land from overriding the Public Reserves Act?

How are they screwed and why would they need or want to do what you suggest?

NZTR?

Yes. Last week!

You'd think it would have when there was nothing going out for broadcasting, NZ racing event costs, and when they apparently reneged on promised code distributions, but as Freda says, we remain in the dark on this and are supposed to somehow premise our participation and businesses on that absence of information.

Don't forget the new Racing Integrity Board.

And across all 3 codes.

That may be it.

more pro rata for the 8 weeks than the previous 12?

Decided to wait till he turns 10.

Can he back up before the end of the season? Travelled nicely early. Couldn't quicken. Needed run? And maybe blinkers? Looked like the old bugger enjoyed the outing though. Love to win a race with a 10 or 12 yo. That would be killer. https://mediarqs.skyracing.com.au/Race_Replay/2020/06/20200624IPSR04_V.mp4?hdnts=exp=1592982510~acl=/*~hmac=4f94999ac8e6790fd9890fbac510d8bee356e67bfd0837735bcd6fef0671149b

No I mean costs of producing the racing product. As to RITA, I doubt there are substantive cost savings available unless they shed the FOB business and costs associated with the new platform.

You can't significantly change costs and you can't spend money that you haven't earned or at least not for long. Get used to reality and make your choices.

Don't think outsourcing necessarily means selling the NZTAB does it? As you say, who would buy it? I'd have thought it means licensing and reaching a commercial agreement with another operator or operators.