RaceChat Posted December 5, 2018 Share Posted December 5, 2018 Just browsing thru this now.....A lot of things covered up it appears.....think Enid Blyton was the author of it Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted December 5, 2018 Share Posted December 5, 2018 Read it here.NZRB 2018 Annual Report (FINAL).pdf Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted December 5, 2018 Share Posted December 5, 2018 Notice the Group Equity has declined $20m in two years. Net Loss after Distributions of $16m. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted December 5, 2018 Share Posted December 5, 2018 I'm surprised BOAY'ers are not commenting on this report. Contrary to the media releases it aint a pretty result by any means. Quote Link to comment Share on other sites More sharing options...
mardigras Posted December 5, 2018 Share Posted December 5, 2018 5 minutes ago, Chief Stipe said: I'm surprised BOAY'ers are not commenting on this report. Contrary to the media releases it aint a pretty result by any means. Only had a quick glance myself - but I plan to comment. The initial read was that 'aint a pretty result' looks to be an understatement chief! Quote Link to comment Share on other sites More sharing options...
Freda Posted December 5, 2018 Share Posted December 5, 2018 There has recently been an email inviting 'stakeholders' to yet another meet-and-greet with J.A. What is the effing point? Quote Link to comment Share on other sites More sharing options...
Mark D Posted December 5, 2018 Share Posted December 5, 2018 Can't find a media release etc. Would seem to be the time to do so rather than the self congratulatory tweet from John Allen on 31/10/18 with no chance to check the veracity of it. As I said at the time notable by the fact that he left out facts that are usually trumpeted by him and Hughes. Ignoring the reality to promote a (false) perception. John Allen @NZRBJohnAllen Oct 31 Proud of the NZRB team for delivering another good result for racing and sport in the 17/18 season. Record distributions in a challenging climate with investment laying the foundations for further growth. 2 replies 2 retweets 16 likes Quote Link to comment Share on other sites More sharing options...
NZRacing Posted December 5, 2018 Share Posted December 5, 2018 They have to be taking the piss 2017 Annual Report. The TAB is a major entertainment business with more than 190,000 TAB account-holders placing a bet this year 2018 Annual Report. The TAB is a major entertainment business with more than 230,000 active TAB account holders. RECORD CUSTOMER NUMBERS We have delivered a number of Customer and Channel initiatives which has seen the total number of active account customers betting with us during the year reach a record of 230,000, up 20% on last year. This is a phenomenal rate of growth for a wagering business that has gained the admiration of many of our international competitors So 40,000 more account holders up 20% in 12 months yeah right, its not exactly equating to any increase in racing turnover is it. The best statement in the 2018 NZRB Annual Report 'Our Values be open' ha ha best joke of the year. ANTI-MONEY LAUNDERING The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act) requires that we have systems and controls in place to detect and deter money laundering and terrorism financing. Mitigating money laundering risks is not new for us. mmmm might be more to come on this one As part of its focus on harm prevention and minimisation, NZRB works with industry partners on raising awareness of problem gambling mmm might be more to come on this one also Current assets of $61.1 million have decreased by $16.7 million that's a worry especially when your bank overdraft is through the roof Quote Link to comment Share on other sites More sharing options...
NZRacing Posted December 5, 2018 Share Posted December 5, 2018 Merchant fees of 4.5 million is a concern considering it was never there a few years ago. Charging a credit card fee on your customers to deposite is a joke. You want to be on equal footing with your Australian opposition guess what not one of 4 betting agencies overseas charge me a fee. So you quiet happily sting your customers millions to help cover up your poor efforts. Quote Link to comment Share on other sites More sharing options...
NZRacing Posted December 5, 2018 Share Posted December 5, 2018 I’m a serial failure – in the sense that I have done lots that has gone wrong - sadly & unfortunately some things never change https://www.minterellison.co.nz/our-view/an-interview-with-john-allen-ceo-of-new-zealand-racing-board?fbclid=IwAR0WBVYqzAdi8McGWh3mfFT5oni2tLlqhfYOXZ06EVtdCzw3pQyh36xSwKc Quote Link to comment Share on other sites More sharing options...
curious Posted December 6, 2018 Share Posted December 6, 2018 (edited) "I’m a serial failure" .... We can see that John but you don't need to advertise it. Why the racing industry would employ a "serial failure" in a key position so they can replicate their previous failures is beyond my comprehension. Edited December 6, 2018 by curious Quote Link to comment Share on other sites More sharing options...
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