Murray Fish Posted 16 hours ago Share Posted 16 hours ago Quote Link to comment Share on other sites More sharing options...
curious Posted 15 hours ago Share Posted 15 hours ago Really? That includes 5 world pool races and they compare it with the 2024 Auckland Cup meeting? 2 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted 15 hours ago Share Posted 15 hours ago 3 minutes ago, curious said: Really? That includes 5 world pool races and they compare it with the 2024 Auckland Cup meeting? Was there no BGP turnover Champions day? Surely they only included NZ sourced turnover? Still nowhere near Melbourne Cup turnover. Quote Link to comment Share on other sites More sharing options...
curious Posted 15 hours ago Share Posted 15 hours ago 1 minute ago, Chief Stipe said: Was there no BGP turnover Champions day? Surely they only included NZ sourced turnover? Still nowhere near Melbourne Cup turnover. No. And I take that back. The figures do not include the World Pool turnover according to Guerin. Quote Link to comment Share on other sites More sharing options...
curious Posted 15 hours ago Share Posted 15 hours ago So gross betting revenue say $1.2m without whatever from the world pool. Probably, NZ racing's biggest losing day ever stakes to revenue? 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted 15 hours ago Share Posted 15 hours ago 8 minutes ago, curious said: So gross betting revenue say $1.2m without whatever from the world pool. Probably, NZ racing's biggest losing day ever stakes to revenue? Did you subtract the sweepstake money? Quote Link to comment Share on other sites More sharing options...
curious Posted 15 hours ago Share Posted 15 hours ago (edited) 2 minutes ago, Chief Stipe said: Did you subtract the sweepstake money? No. But it's all owner and TAB money + sponsors isn't it, for that wagering return? And that's gross, so about half that net. Edited 15 hours ago by curious Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted 15 hours ago Share Posted 15 hours ago 26 minutes ago, curious said: No. But it's all owner and TAB money + sponsors isn't it, for that wagering return? And that's gross, so about half that net. To have a fair comparison you need to subtract the money coming from sources other than punting revenue. Slot holders are gamblers. Sponsors are looking for marketing exposure and expense their contribution as that. I'm not sure where the Owner money comes into it unless you are calling a Slot Holder an Owner. Quote Link to comment Share on other sites More sharing options...
curious Posted 15 hours ago Share Posted 15 hours ago 2 minutes ago, Chief Stipe said: I'm not sure where the Owner money comes into it unless you are calling a Slot Holder an Owner. They are aren't they. They certainly get an owners' share of the stakes. Even if you take the kiwi stake out of it you have a remaining $3.7m stakes for about 600,000 net revenue. That's surely not sustainable nor does it make any business sense to me. 2 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted 14 hours ago Share Posted 14 hours ago 11 minutes ago, curious said: Even if you take the kiwi stake out of it you have a remaining $3.7m stakes for about 600,000 net revenue. You are guessing the net revenue. However I agree Champions Day didn't return a net profit in terms of stakes paid to wagering revenue. However do you have an example of a race meeting anywhere in Australia that does? Quote Link to comment Share on other sites More sharing options...
curious Posted 14 hours ago Share Posted 14 hours ago (edited) 16 minutes ago, Chief Stipe said: You are guessing the net revenue. However I agree Champions Day didn't return a net profit in terms of stakes paid to wagering revenue. However do you have an example of a race meeting anywhere in Australia that does? Not sure about Oz but certainly not in NZ. As a bloke called Greg Purcell once said, the most profitable meeting we have is the one we don't have. We've come along way from pretty much paying our way from net wagering turnover 20 years ago. Edited 14 hours ago by curious Quote Link to comment Share on other sites More sharing options...
curious Posted 14 hours ago Share Posted 14 hours ago 5 minutes ago, curious said: Not sure about Oz but certainly not in NZ. As a bloke called Greg Purcell once said, the most profitable meeting we have is the one we don't have. We've come along way from pretty much paying our way from net wagering turnover 20 years ago. But I still think this would have to be one of if not the biggest loser on that basis. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted 14 hours ago Share Posted 14 hours ago 4 minutes ago, curious said: But I still think this would have to be one of if not the biggest loser on that basis. That may very well be the case but "think" is subjective. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted 14 hours ago Share Posted 14 hours ago My view is now instead of worrying about if a race makes money we should be focused on making sure that the money we have been promised is spent on the right things to make racing sustainable. Stakes isn't anywhere close. 2 Quote Link to comment Share on other sites More sharing options...
curious Posted 14 hours ago Share Posted 14 hours ago But they haven't and won't do that which would require a substantial reduction in stakes now. They have 3 years of the Entain guarantee left, then stakes will have to reduce given the recent indications of Entain's NZ performance and there still won't be funding for the infrastructure investment that is required. Quote Link to comment Share on other sites More sharing options...
Huey Posted 14 hours ago Share Posted 14 hours ago New CEO said on the Guerin Report there has to be a focus on infrastructure , surely they are beginning to realise this? However I'm sure their idea of investment in infrastructure is to steal club assets! Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted 13 hours ago Share Posted 13 hours ago 4 minutes ago, Huey said: New CEO said on the Guerin Report there has to be a focus on infrastructure , surely they are beginning to realise this? However I'm sure their idea of investment in infrastructure is to steal club assets! They'll have to do both. Trentham should be the first asset sale. They've let that go too far. Build a course in the Wairarapa or Kapiti Coast. 2 Quote Link to comment Share on other sites More sharing options...
Wingman Posted 13 hours ago Share Posted 13 hours ago Read my post 'Land grab and spend' 5 minutes ago, Huey said: However I'm sure their idea of investment in infrastructure is to steal club assets! 2 Quote Link to comment Share on other sites More sharing options...
Doomed Posted 13 hours ago Share Posted 13 hours ago It would be good to see it broken down to on and off course. I presume those figures are combined. With 10,000 people on course, spending something like $200 each on average, you would assume on course t/o of just over $2m. So $5m off course. Interesting that it is well behind the other sweepstake day and only just topped off NZ Trotting Cup day and NZ galloping Cup day. Most races on trotting Cup day are only $20,000. On and of course comparisons with slot day and the two NZ Cup days would be interesting. You would certainly hope t/o would be up 70% on the last Auck Cup day, given the amount of promotional spend involved this time and the fact that half the card last year were $80,000 races One thing that I find worrying is that the Bonecrusher doesn't appear to have had a sponsor for years and the Derby is sponsored by Trackside - very generous of them. Major international companies appear to have no interest in getting involved. A bit ironic when you consider the Derby and Cup were moved away from Boxing Day and NYD several years ago to try and encourage more corporate involvement. 1 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted 13 hours ago Share Posted 13 hours ago 5 minutes ago, Doomed said: One thing that I find worrying is that the Bonecrusher doesn't appear to have had a sponsor for years How do you know they don't have a sponsor? Did the Mitchell family not pay anything to present the trophy last year? Quote Link to comment Share on other sites More sharing options...
Murray Fish Posted 13 hours ago Author Share Posted 13 hours ago 2 hours ago, curious said: Probably, NZ racing's biggest losing day ever stakes to revenue? word in my hood: get in big and buy a few yearlings next sale$ and win some of the $$$ on offer! @TAB For Ever is good for %5 Quote Link to comment Share on other sites More sharing options...
TAB For Ever Posted 12 hours ago Share Posted 12 hours ago 52 minutes ago, Doomed said: It would be good to see it broken down to on and off course. I presume those figures are combined. With 10,000 people on course, spending something like $200 each on average, you would assume on course t/o of just over $2m. So $5m off course. Interesting that it is well behind the other sweepstake day and only just topped off NZ Trotting Cup day and NZ galloping Cup day. Most races on trotting Cup day are only $20,000. On and of course comparisons with slot day and the two NZ Cup days would be interesting. You would certainly hope t/o would be up 70% on the last Auck Cup day, given the amount of promotional spend involved this time and the fact that half the card last year were $80,000 races One thing that I find worrying is that the Bonecrusher doesn't appear to have had a sponsor for years and the Derby is sponsored by Trackside - very generous of them. Major international companies appear to have no interest in getting involved. A bit ironic when you consider the Derby and Cup were moved away from Boxing Day and NYD several years ago to try and encourage more corporate involvement. Great logic ! After 3 races with small fields , 95% of people there had lost their money........many headed to Bar to spend the remainder ,while others got ready for the entertainment , music and free stuff while many just tucked their dosh away to head to the Lotto shop before 7pm. Money doesn't just fall out of the sky ! `Over $1.25 mil on course is very good IMO ! In NZ 2% spend up to 60% of the betting , and many of them unload on the big Aussie races ! Get with the program ! Quote Link to comment Share on other sites More sharing options...
TAB For Ever Posted 12 hours ago Share Posted 12 hours ago 16 minutes ago, Murray Fish said: word in my hood: get in big and buy a few yearlings next sale$ and win some of the $$$ on offer! @TAB For Ever is good for %5 I wouldn't believe much about in racing coming out of your hood ..Dunedin ! Once had a great track Forbury Once had many of NZ's top horses , trainers and jockeys ...and Sires. Sadly just frittered away ! Only BJA left ! Quote Link to comment Share on other sites More sharing options...
TAB For Ever Posted 12 hours ago Share Posted 12 hours ago 57 minutes ago, Chief Stipe said: How do you know they don't have a sponsor? Did the Mitchell family not pay anything to present the trophy last year? In Saturdays excellent on-course race book Bonecrusher mentioned several tmes.....as a partner [sponsor] for day ! 1 Quote Link to comment Share on other sites More sharing options...
Special Agent Posted 12 hours ago Share Posted 12 hours ago 22 minutes ago, TAB For Ever said: Sadly just frittered away ! By whom? Quote Link to comment Share on other sites More sharing options...
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