NZB Kiwi - More information

[Bid]

2 hours ago, Freda said:

 They are recognised as being part of the fabric of society, and often where families and youngsters get their first experience of racing.  This has been pointed out many times of course...but the new raft of changes, while positive in the main, does not address the challenges facing the grassroots of racing.

 

I liken it a bit to cricket here in NZ, player numbers dropped substantially so something had to be done. They didn't throw more money at the international players hoping kids will see massive money to be made, they put time and effort in to the junior level with fresh new ideas and versions of the game and the numbers of junior players are picking up again. 

[MaltedMilkshake]

Entain aren’t interested in grassroots racing, they are ignorant and don’t understand the significance of grassroots racing.

Industry days, without them what would punters bet on midweek. Petone has always been a shit show, you would expect a global gambling behemoth to seek council from educated, informed, industry luminaries, oh that’s right, they did, and just look at what’s transpiring.

[Special Agent]

These are all great points that everyone is bringing up, and so bloody obvious those in charge are just giving us all the fingers.

It can only end in tears!!

[billy connolly]

On 22/01/2024 at 12:32 PM, Chief Stipe said:

NZTR will retain at least one slot for sale and/or promotional use at a later date.

Slot Holders will be able to lease their slot for a maximum of one year at a time, subject to the approval of NZTR.  Slot Holders will not be able to sell their slots.

Clarification please?

[Chief Stipe]

15 minutes ago, billy connolly said:

Clarification please?

I just posted the rules.

[curious]

21 minutes ago, billy connolly said:

Clarification please?

It seems self-explanaoiry to me. Once you buy a slot, it's yours for the three years. You can't resell it, though you can lease it year on year. What do want clarified specifically?

Edited January 24, 2024 by curious

[holy ravioli]

13 hours ago, curious said:

It seems self-explanaoiry to me. Once you buy a slot, it's yours for the three years. You can't resell it, though you can lease it year on year. What do want clarified specifically?

So how will the 'slot auction' work?

Will slots go to the highest bidder and will  there be a variation in the cost of each slot?

[Chief Stipe]

3 minutes ago, holy ravioli said:

Will slots go to the highest bidder and will  there be a variation in the cost of each slot?

That's generally how auctions work.

[holy ravioli]

26 minutes ago, Chief Stipe said:

That's generally how auctions work.

So you're sure this will work the same way?

A possibility in a wide variation of slot prices!Doubt it very much.

I expect a reserve price or some restrictive machinations.

[Chief Stipe]

1 minute ago, holy ravioli said:

I expect a reserve price or some restrictive machinations.

Also how many auctions work.  Your point?  

[curious]

1 minute ago, holy ravioli said:

So you're sure this will work the same way?

A possibility in a wide variation of slot prices!Doubt it very much.

I expect a reserve price or some restrictive machinations.

There is a reserve of 450k. Otherwise it's as normal for an auction. The market will determine the price for each slot.

[holy ravioli]

4 minutes ago, curious said:

There is a reserve of 450k. Otherwise it's as normal for an auction. The market will determine the price for each slot.

Thanks.Be interesting to see how much the slots reach.I'm picking,$450,000.

[curious]

11 minutes ago, holy ravioli said:

Thanks.Be interesting to see how much the slots reach.I'm picking,$450,000.

Yes. It will. Wonder what happens if a number don't sell. Also, the bidder strategies. Do you go early and pay what you have to, or wait for the last ones and hope the demand is quenched at the risk there may be more competition if there are still a number empty handed.

Edited January 24, 2024 by curious

[holy ravioli]

16 minutes ago, curious said:

Yes. It will. Wonder what happens if a number don't sell. Also, the bidder strategies. Do you go early and pay what you have to, or wait for the last ones and hope the demand is quenched at the risk there may be more competition if there are still a number empty handed.

Owning 2 slots might be a good strategy.

[curious]

32 minutes ago, holy ravioli said:

Thanks.Be interesting to see how much the slots reach.I'm picking,$450,000.

Wild guess but I'm picking 6-700k

[Chief Stipe]

9 minutes ago, holy ravioli said:

Owning 2 slots might be a good strategy.

Expensive.  Slot lease price plus yearly expense.  Probably only one or two in NZ able to afford to buy more than one.