Good to see! - Committee being formed for TAB!

[Brodie]

Some of NZ racing biggest players being formed to help sort out the TAB.

Peter Vela, Ken Breckon and a few others are joining a committee to set where the future of the TAB goes!

This was the idea from Winston Peters.

This is probably 2 years too late, shouldve been done when Entain took control and they have blown millions which shouldve been used far better for the future betterment of racing.

There is no doubt Entain will pull the plug on subsidising racing when the 5 years is up and anyone that has business sense is well aware that the industry is in deep trouble.

Looking from the outside in, from the harness side of things there have been many things that economically just does not make sense!!!!

The committee appears to be more thoroughbred based but hopefully it flows onto harness racing!

To be honest, it is really quite hard to understand how they have allowed so many poor decisions to be accepted by those that are on the big salaries, as if it was their own money, they would not be blowing it like they have!

Anyway the jury remains out on whether there are enough people in the roles that can actually resurrect the poor business plan they currently operate under?

Wanting to increase turnover by the TAB? Highly doubt it, when they are stopping their loyal punters from wagering!

Have they left it too late to turn things around?? 

 

Edited Friday at 10:55 PM by Brodie

[Rangatira]

Have you checked your letterbox?

[Chief Stipe]

Who or where is the source of information @Brodie?

[Rangatira]

1 hour ago, Chief Stipe said:

Who or where is the source of information @Brodie?

Brodster be busy writing his submission and the form for tomorrow.

Something on harnesslink Chiefy.

[Rangatira]

1 hour ago, Chief Stipe said:

Who or where is the source of information @Brodie?

Brodster be busy writing his submission and the form for tomorrow.

Something on harnesslink Chiefy.

https://harnesslink.com/new-zealand/hrnz-hails-new-advisory-committee-as-pivotal-moment/

[Brodie]

1 hour ago, Rangatira said:

Brodster be busy writing his submission and the form for tomorrow.

Something on harnesslink Chiefy.

https://harnesslink.com/new-zealand/hrnz-hails-new-advisory-committee-as-pivotal-moment/

Maybe just maybe they have finally worked out that things are not as rosey as they were trying to point out to us?

The fact is that these participants on the committee are not being  paid for their contributions.

The fact is that unless wise decisions are made from now on in, they will also be sufering financially!

The weird thing is that they have waited so long to get together as they mustve been blinded by the money being chucked in by Entain?

You just can not run any business like this and expect it to succeed!

Going go be very interesting go dee what the Brsins Trust comes up with?

[the galah]

My impression reading that is, well sure,those people obviously know what they are doing,but what are the specific areas they are going to be looking at.

"an advisory committee to tab nz-the regulatory arm of the national betting agency."

are they looking at the geo blocking thing.. Are they looking at how the $100 million the tab gets is spent  when that legaslation comes in,if it does in time.whats the latest on that legaslation.Are they trying to work it so racing gets a better % of funding if ,due to changes the government could make ,  could enable entain to earn more from the likes of sport.

Are they going to be looking at the distribution model.

Will the gallops try and get a better deal than currently and will harness racing % be impacted negatively from any such recommendations. What about the greyhound money .

maybe none of those things,who knows.

so the announcement sounds ok,but specifics are needed  before we can come to many conclusions. 

i suppose,the most positive thing,is the people.

But as with anything,they all have specific areas of interest in their specific codes,which don't necessarily align with large sectors of the industry. You only have to look at how HRNZ is prioritising some sectors and how that  directly related to  a reduction in numbers being bred and licenceholder numbers.are we going to see that or maybe this group will stay away from things like that?

[Doomed]

3 hours ago, Chief Stipe said:

Who or where is the source of information @Brodie?

Its in today's Herald

[Doomed]

Once again, seems to be "big picture" stuff. Not much point having "big picture" thinkers if you don't have any "little picture" people to implement everything.

[Brodie]

Good to have people who have done well with breeding and training horses getting together!

However not sure these are the right people to be having as surely it is new owners that are required as well as the most important ones, Punters!

Not really thinking that these ones chosen are the ones who have any expertise on the punting and wagering side of things?

Without the right people what can they change to increase participation in increased ownership and more punters??

TAB would be far better interacting with those that they require surely, encouraging wagering rather than restricting due to restrictions on punters and the AML limit rule that they are not abiding by.

Very interesting times!

[Chief Stipe]

19 minutes ago, Brodie said:

TAB would be far better interacting with those that they require surely, encouraging wagering rather than restricting due to restrictions on punters and the AML limit rule that they are not abiding by.

But with everyone except you otherwise they'll go broke.

[Harness4All]

Surely this is disappointing, or am I just a pessimist?  We are nearly 2 years into a 25 year strategic contract between a very large gambling power house and the monopoly holder of racing and sports betting in NZ and they need an 'advisory committee' already! They have one role, grow the betting revenue and profits in collaboration with the codes and sports bodies. Seems they have no idea how to do that.

The announcement talks about the industry not just betting, what does that mean? The racing industry is bigger than just the gambling (yes I know they rely on it for funding) so does it suggest that maybe they will look to advance proposals that simply follow on from the Messara report that Winnie was so keen on, or try to influence the code boards?

Frankly I'm surprised and somewhat nervous about this.

[Brodie]

49 minutes ago, Harness4All said:

Surely this is disappointing, or am I just a pessimist?  We are nearly 2 years into a 25 year strategic contract between a very large gambling power house and the monopoly holder of racing and sports betting in NZ and they need an 'advisory committee' already! They have one role, grow the betting revenue and profits in collaboration with the codes and sports bodies. Seems they have no idea how to do that.

The announcement talks about the industry not just betting, what does that mean? The racing industry is bigger than just the gambling (yes I know they rely on it for funding) so does it suggest that maybe they will look to advance proposals that simply follow on from the Messara report that Winnie was so keen on, or try to influence the code boards?

Frankly I'm surprised and somewhat nervous about this.

Good post!

Weird that it was Winston that had to call for this committee isn’t it?

He can clearly see problems ahead or maybe he reads BOAY?

Just very puzzling that the HRNZ CEO says that the formation of this advisory committee marks a pivotal moment for NZ racing industry!!!! WHAT???

I thought it was pivotal when the TAB sold out to Entain over two years ago????

What have they done with the promised dollars?

Blown it with stupid decision making!

most people with any business acumen can see that they have not spent the influx of cash wisely at all.

The TAB has been led financially very badly and has been for a long time.

Going to be very interesting what comes out of this committee meeting, but in between times HRNZ need to wake up and see what is in front of them if nothing is achieved from the committe.

Entain shareholders are waiting until they can get their hands on 50% of the Sports betting profits which will be substantial annually and get them for a further 20 years after the 5 is up.

Anyone can dispute anything I have said, no worries!

Edited yesterday at 09:11 AM by Brodie

[Newmarket]

33 minutes ago, Brodie said:

Good post!

Weird that it was Winston that had to call for this committee isn’t it?

He can clearly see problems ahead or maybe he reads BOAY?

Just very puzzling that the HRNZ CEO says that the formation of this advisory committee marks a pivotal moment for NZ racing industry!!!! WHAT???

I thought it was pivotal when the TAB sold out to Entain over two years ago????

What have they done with the promised dollars?

Blown it with stupid decision making!

most people with any business acumen can see that they have not spent the influx of cash wisely at all.

The TAB has been led financially very badly and has been for a long time.

Going to be very interesting what comes out of this committee meeting, but in between times HRNZ need to wake up and see what is in front of them if nothing is achieved from the committe.

Entain shareholders are waiting until they can get their hands on 50% of the Sports betting profits which will be substantial annually and get them for a further 20 years after the 5 is up.

Anyone can dispute anything I have said, no worries!

Interesting thread…..

What about Betcha? Is money gambled with Betcha included in TABs turnover? Seems very strange Entain starting Betcha in NZ, we were told it was targeting younger gamblers, but really both are similar. 

[Shab]

As if this bunch of old fogeys will be able to come up with anything to increase TAB turnover. They're lives are so far removed from normal punters.  They'd have no understanding of how to get new punters or how to get punters to punt more. 

Hope they're paying their travel, food and accommodation costs out of their own pockets.

[paleface adios]

7 hours ago, Rangatira said:

Brodster be busy writing his submission and the form for tomorrow.

Something on harnesslink Chiefy.

https://harnesslink.com/new-zealand/hrnz-hails-new-advisory-committee-as-pivotal-moment/

Brodster  was drive tomorrow  ranga

[paleface adios]

14 minutes ago, paleface adios said:

Brodster  was drive tomorrow  ranga

Brodster  driving tomorrow 

[Brodie]

48 minutes ago, Newmarket said:

Interesting thread…..

What about Betcha? Is money gambled with Betcha included in TABs turnover? Seems very strange Entain starting Betcha in NZ, we were told it was targeting younger gamblers, but really both are similar. 

Betcha seems to be targeting the younger ones but whether it is working is not known unless the TAB comes out and tells us!

[Brodie]

35 minutes ago, Shab said:

As if this bunch of old fogeys will be able to come up with anything to increase TAB turnover. They're lives are so far removed from normal punters.  They'd have no understanding of how to get new punters or how to get punters to punt more. 

Hope they're paying their travel, food and accommodation costs out of their own pockets.

There are punters that want to punt more Shab.

Thing is they will not let them on for much.

Not sure how many punters are currently restricted but I would say there would be quite a few?

They also need to abide by the AML law as well, which they arent, so they are making a rod for their backs.

Who is making the decisions for the TAB at the moment?

[Shab]

34 minutes ago, Brodie said:

There are punters that want to punt more Shab.

Thing is they will not let them on for much.

Open accounts in friends and family members names and use those. Just get a cheap phone and don't use wifi. Walk down to the TAB and put bets on with cash.

[Rangatira]

13 hours ago, paleface adios said:

Brodster  was drive tomorrow  ranga

Looking for a gear notification.

Driver ears tied back.

[paleface adios]

3 hours ago, Rangatira said:

Looking for a gear notification.

Driver ears tied back.

Another gear change Brodster  be driving with two whips as likes new whip rule

[Newmarket]

17 hours ago, Brodie said:

Betcha seems to be targeting the younger ones but whether it is working is not known unless the TAB comes out and tells us!

So we don’t know figures for Betcha? I know it’s targeting youngsters to gamble, especially in the sports area, but I’m an old fart, Betcha are sending me bonus matched deposits nearly every week, and on fridays and saturdays I get about 18 bet returns available… so actively competing with NZ TAB…. end result being I am hardly betting with TAB anymore…. So interesting 

[Rangatira]

5 hours ago, Rangatira said:

I must say given his advancing age his mostly plant based diet The Brodster is looking remarkably well.

[Westview]

1 hour ago, Newmarket said:

So we don’t know figures for Betcha? I know it’s targeting youngsters to gamble, especially in the sports area, but I’m an old fart, Betcha are sending me bonus matched deposits nearly every week, and on fridays and saturdays I get about 18 bet returns available… so actively competing with NZ TAB…. end result being I am hardly betting with TAB anymore…. So interesting 

Betcha is approximately 6% of turnover which is pretty good for a targeted market.