Brodie

Good to hear that numbers havent dropped this year but yes due to HRNZ subsidies which hopefully helps the breeding industry! Are we confident that HRNZ are in a financial position to be able to continue to be able to pay subsidies in the future? Did hear that one North Canterbury breeder sent something like an extra 70 mares to stallions this year? wondering how many current breeders will bother breeding if stake money was substantially reduced in 2 years time?

Unlimited amounts to wager and any bet I wanted? If that the case then they would not stand a chance, Chief. Wouldnt be betting the way they do though, on anything they know nothing about lol.😂

Have no problem with having a Trackside program on a Thursday night to try and get new punters and get some interest in racing, in fact a good idea! But just how many punters when they get a collect, high five their partners, stomp around the room yahooing?? I would not think it is not that common from grown up people and especially surprising when it is not even their money that they are playing with? They are allowed to bet any amount on any type of bet they like by the TAB, and yet other punters who have been loyal for decades, do not get any of these favours? Does anyone actually believe that this is ethically or morally correct? They should not be allowed to show this type of favouritism to employees of the TAB!! At the end of the day if people want to put money into the pot to see if they can get into PROFITLAND, then so be it, so it is a bit of interest for them on a Thursday night! However I would suggest you would make be far better off by investing yourself!

Lol been watching the show tonight and seriously it is not a great look. The presenters are really acting like clowns, high fiving, rubbing screens and stalking around the studio lol. They have just had a $18k return which is a good return but put it into perspective when you look at what the TAB allows them to wager, whereas other punters are restricted to miserly amounts? It is great that they think they are helping the industry attract punters but if any individual punter was allowed to wager like they do on BOAY, you would be called a compulsive gambler. They are only winning off backing greyhounds which is not hard being allowed to wager unlimited amounts. Even if the pool goes to $40k then you are only doubling your money, so wouldnt consider it that great? anyway it is what it is!!

I wouldnt put money in the pool so that their people can bet irresponsibly in contrast to the TAB’s slogan, Bet Responsibly! If it was their personal money they were spending then they would not be gambling like they do on the show! And yet, others get limited to net what I consider a miserley amount? The hypocrisy is appalling!

Gamma, you just can not chuck money into something when you just havent got it? HRNZ have massive problems going forward!

Galah, $1k drops in stakes for lower grade horses? What were the stakes for Cambridge etc. before Entain came with the dollars? Stakes in a couple of years are going to be a helluva lot less than a $1k drop!

Why doesnt Harness Racing Victoria put in a couple of hundred thousand like HRNZ are doing? Slot races are fine Gammalite, but hRNZ can not afford to heavily subsidise these races! The other thing of major concern is the fact that the money is going to go to Ozzie probably, so thats a big win for NZ lol Victoria and Queensland are only being held together by state government and Seymour and there is no one in NZ that is going to be doing that here!!

To be fair, you dont really need to be Einstein to see what is happening with HRNZ and their usage of the mega millions being received from Entain! The other thing is that the TAB is also operating in a way that is is also detrimental to the best business practices of increasing turnover! The truth of the matter is rather than just a hunch, it is more having the ability to judge whether they are actually making sound business decisions! The fact is that Galah and Brodie are prepared to speak up while others who think the same and say nothing is an indictment on the industry and its future prospects! More need to be speaking up now rather than let the once great harness industry self destruct by the decision makers not protecting what we have! More than happy to be totally wrong and time will tell!

Chief, we were looking at how HRNZ were operating with the money from Entain, when they shouldve been investing wisely and with restrain, rather than operating like a kid in a lollyshop! We all knew that things were not great prior to Entain’s promise of massive funds for 50% of the TAB profits for 25 years! Looking at the 2025 accounts the accounts are not looking as good as they should be bearing in mind the funds received from the Forbury Park sale and Entain contributions! We have the major issues with the AtC and Cambridge clubs as they appear they are in quicksand and not able to get out? Is there anyone apart from Gsmmalite that can try and convince us that HRNZ have acted financially responsibly to enrich harness racing into the future, as from the sidelines it doesnt look great!

Dont use their promo’s at all except if they text and offer to match deposits, and why wouldnt you? anyway don’t need their free money, just ask to be treated fairly and equally as other punters! They take all bets from some punters what they want, and yet other punters get treated very unfairly!

You are correct Chief that I hadnt checked out the accounts for HRNZ at all, and appreciated you showing the actual financial position! What it does appear to show us all is that they are not that financial to give us much confidence in the future considering recent receipts such as Forbury sale and Entain putting mega millions in and with future promises! How do we think Auckland and Cambridge are going to get out of the shite, when HRNZ dont appear to be in any position to help are they?

The stabilisation comment was that they werent losing as much as they were previously! some will see it as being ok, others can see it as not so good, definitely can not see how they could possibly be able to continue to race for the stake money currently and expect to be able to make it pay? Would be good to hear from Brad Steele again to see how he thinks things are going now and in the future? 30million is buggerall to show for the years they have been going and would be grest to know what the financial situation was in say the year 2000?

Looking at it and I only skimmed through it and looked at the bigger numbers rather than the general things! Much appreciate Chief giving us all the report to analyse. On the face of it, there has probably been some stabilisation but does not give too much confidence in the overall picture when there has been 13million from Forbury Park sale and the mega millions already received from TAB/Entain in the last couple of years! One question that should seriously be asked is of the sale price of Forbury Park for over 13 million, why was there a cost to sell of 10% of the sale price??????? WTF did someone get financially rewarded massively??? They need to explain as it seems s very very fishy does it not? 32million is not a large amount to have bearing in mind Auckland owes in excess of $80million and growing by 500k per month and Cambridge is BROKE and will not be able to trade out either of them! There is also promises that HRNZ have made in the future that has to be accounted for and the Entain funding to HRNZ is going to be significantly reduced in coming years? At the end of the day hopefully HRNZ are in good hands and they do best for the industry to survive and thrive, but are there many out there that believe they are

Thats good that it isnt all gone! Is there anywhere that shows us this increased cash position? The increase is clearly from Entain and is the extra $20m you say they have, the money from Entain for the next couple of years that will be used for stakes over the next couple of years? What is the true asset position of HRNZ do we know? In the Entain Terms and Conditions was it written that HRNZ has to spend the full amount on stakes and bonuses in the 5 years? Investing the funds from Entain wisely to give them a good return to be able to fund the stakes would have been a helluva better option!