Chief Stipe Posted Wednesday at 10:28 PM Share Posted Wednesday at 10:28 PM Entain Australia calls time on Ladbrokes Racing Club www.racenet.com.au Wagering behemoth Entain Australia has made the difficult decision to disband its cutting-edge Ladbrokes Racing Club (LRC) program. Ladbrokes Racing Club, which launched amid much fanfare in 2023, has been responsible for racing thoroughbreds, standardbreds and greyhounds across all three codes, bringing Club members along for the ride. But despite its success and growing popularity, Entain Australia boss Dean Shannon said varying reasons had led to the organisation making the call to discontinue LRC as it is known today. "We are proud of Ladbrokes Racing Club and the opportunity it has presented to thousands of customers to experience a race day as an owner," Shannon said. "Unfortunately, the Club is not immune to the rising cost of operating pressures currently affecting the wagering sector. Entain Australia boss Dean Shannon • TopSport acquired by BlueBet in $15m deal "The increasing product fees and taxes in Australia along with the rising cost of racing has forced tough decisions to be made regarding these extra initiatives. "While the Club will no longer have a presence on the racetrack, our commitment to being a proud racing-first brand remains, with several new initiatives to be rolled out in 2025 for members. "The Ladbrokes Racing Club was established to bring passionate like-minded fans closer to the action by creating a community for them to interact – something we are excited to continue this year." Cameron Happ - Last 28 Days The decision to disband Ladbrokes Racing Club in the coming months comes at a pivotal time as the wagering sector patiently awaits the Federal Government's response to the online gambling inquiry. Raising further pressure, wagering companies are also locked in discussions with the AFL over a new product fee agreement, with the governing body looking to extract significantly more money from betting on their product for the 2025 season and beyond. Entain Australia is also bracing for the finalisation of an investigation by AUSTRAC into potential anti-money laundering laws. Over the coming months, representatives of LRC will work towards parting ways with racing stock under its ownership control, with welfare central to any transaction. Some instances are more complex to navigate than others, with Entain Australia enjoying strong ties with leading studs including Newgate Farm. Valenzuela, owned by Ladbrokes Racing Club, wins at The Meadows. It's understood some horses will be transferred to race in New Zealand while some will be up for sale on Inglis Digital in the near future. Despite the cessation of Ladbrokes Racing Club, Entain Australia remains unwavering in its support of the Australian racing industry, pledging tens of millions of dollars in sponsorships across all three codes. While on the Australian front Ladbrokes Racing Club will come to a close, Shannon said Entain's commitment in New Zealand will continue. "The TAB Racing Club in New Zealand will remain unaffected and continue to be active on the track." Quote Link to comment Share on other sites More sharing options...
Murray Fish Posted Thursday at 12:20 AM Share Posted Thursday at 12:20 AM 1 hour ago, Chief Stipe said: "The TAB Racing Club in New Zealand will remain unaffected and continue to be active on the track." the economics of the nz versions would make for interesting reading! ps, our house are members of the Club! Quote Link to comment Share on other sites More sharing options...
Special Agent Posted Thursday at 11:03 PM Share Posted Thursday at 11:03 PM "Rising cost of racing" contradicts other comments seen about what it costs to race a horse in Australia. I suppose NZ should take what they can while they can. 1 Quote Link to comment Share on other sites More sharing options...
Trojan Posted Thursday at 11:12 PM Share Posted Thursday at 11:12 PM 8 minutes ago, Special Agent said: "Rising cost of racing" contradicts other comments seen about what it costs to race a horse in Australia. Where have ya read anyone saying the cost was dropping? Quote Link to comment Share on other sites More sharing options...
Special Agent Posted Thursday at 11:48 PM Share Posted Thursday at 11:48 PM Not dropping but how much more affordable it is racing a horse in Australia. Stakes are higher, so are the costs. 1 Quote Link to comment Share on other sites More sharing options...
Trojan Posted Thursday at 11:55 PM Share Posted Thursday at 11:55 PM 5 minutes ago, Special Agent said: Not dropping but how much more affordable it is racing a horse in Australia. Stakes are higher, so are the costs. Isn't affordability about margins? Wouldn't surprise me if the margins are better for useful horses in the lower grades in OZ. Quote Link to comment Share on other sites More sharing options...
Special Agent Posted yesterday at 07:11 AM Share Posted yesterday at 07:11 AM In the search for the useful ones you might have to try quite a few that don't provide the margins you talk of Trojan. Quote Link to comment Share on other sites More sharing options...
Doomed Posted yesterday at 09:17 AM Share Posted yesterday at 09:17 AM Just out of interest, can anyone explain to me how the NZ Racing Club works? I don't follow that sort of thing. Quote Link to comment Share on other sites More sharing options...
Murray Fish Posted 17 hours ago Share Posted 17 hours ago 9 hours ago, Doomed said: Just out of interest, can anyone explain to me how the NZ Racing Club works? I don't follow that sort of thing. https://www.tab.co.nz/racing-club click and you can have a 'interest' in 24 horses! Quote Link to comment Share on other sites More sharing options...
Huey Posted 16 hours ago Share Posted 16 hours ago 10 hours ago, Doomed said: Just out of interest, can anyone explain to me how the NZ Racing Club works? I don't follow that sort of thing. You're in a racing club that owns the horses , you get benefits & no costs, regular updates etc. I don't care what anyone says you're not experiencing true ownership until you're paying the bills ! 2 Quote Link to comment Share on other sites More sharing options...
Special Agent Posted 9 hours ago Share Posted 9 hours ago I'm all for encouraging new ownership but, there has to be a little bit of reality involved. 1 Quote Link to comment Share on other sites More sharing options...
Doomed Posted 4 hours ago Share Posted 4 hours ago So you can just sign up and become a part owner and it doesn't cost you anything and you get a share of the winnings? I am so out of touch. It really is a whole new world out there. 1 Quote Link to comment Share on other sites More sharing options...
Murray Fish Posted 4 hours ago Share Posted 4 hours ago 20 minutes ago, Doomed said: So you can just sign up and become a part owner and it doesn't cost you anything and you get a share of the winnings? they run ballots for a few to play at being a owner for the day! as previously mentioned! I'm sure the Ballance sheet will make for interesting reading! 23 minutes ago, Doomed said: I am so out of touch. It really is a whole new world out there. a world where propaganda and reality meet! Quote Link to comment Share on other sites More sharing options...
Huey Posted 3 hours ago Share Posted 3 hours ago 57 minutes ago, Doomed said: So you can just sign up and become a part owner and it doesn't cost you anything and you get a share of the winnings? I am so out of touch. It really is a whole new world out there. I think the only stipulation is you have to be a TAB Account holder to be part of it. 1 Quote Link to comment Share on other sites More sharing options...
Doomed Posted 2 hours ago Share Posted 2 hours ago 14 hours ago, Murray Fish said: https://www.tab.co.nz/racing-club click and you can have a 'interest' in 24 horses! I clicked on that link and apparently I'm now a member of the club. I take it all back. I can feel the excitement rising. Quote Link to comment Share on other sites More sharing options...
Gammalite Posted 1 hour ago Share Posted 1 hour ago (edited) 3 hours ago, Doomed said: So you can just sign up and become a part owner and it doesn't cost you anything and you get a share of the winnings? I am so out of touch. It really is a whole new world out there. It's almost like the stock market now Doomed. Many horses have many owners as the Bloodstock companies like OTI and many others sell micro shares. hundreds are sometimes involved in just a few horses. It's just like having shares in a company on the stock market. (but the company has too much dud stock lol , as well as the good ones. One dud can cost 100's of 1000's dollars sometimes lol) the problem is this .> Only 15% of horses that get to the races ultimately return a profit, after all the fees and lifetime expenses. and a darn lot of them don't even run fast enough to get to the races either. lol. My guess is this Ladbrokes Australia racing Club had Too Many Duds. Only approx one in 10 horses are earning enough to pay their way about the place . 9 out of 10 is a LOT of LOSERS) Edited 1 hour ago by Gammalite Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.