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Bit Of A Yarn

NZRB annual report


curious

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I see they finally finished massaging this.

https://nzracingboard.co.nz/sites/default/files/documents/NZRB1679_Annual_Report_2018_FINAL2.pdf

Highlights are

  • equity down 22.9% year on year
  • net betting revenue +$10.1 million
  • gaming revenue +$2.1m
  • net profit +$1.9m

and Winston's address to NZTR: https://www.beehive.govt.nz/speech/way-ahead-1

  • FOB platform delayed till next year and cost overruns reported
Edited by curious
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Peters has kept away from probably the most contentious issue in the Messara report, namely the amending of the Racing Act 2003 to clarify ownership of club land and assets.

The report hinges on this and also the major restructuring of NZRB and NZTR to Wagering NZ and Racing NZ, and the outsourcing of the TAB.  This is where the funds suppsedly come from to double stake money

I suppose you can't go to a NZTR conference and tell them, they won't be existing next year

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