Legislation Has Passed…..

[Chief Stipe]

38 minutes ago, Newmarket said:

So I’m predicting there may be an increase of betting turnover initially…. but once offers decline turnover will decrease……

But ENTAIN like any betting agency is focussed on yield (profit) not necessarily turnover.

Theoretically you could increase turnover and reduce yield.

[curious]

3 minutes ago, Chief Stipe said:

But ENTAIN like any betting agency is focussed on yield (profit) not necessarily turnover.

Theoretically you could increase turnover and reduce yield.

The $120m they are aiming to recover 75% of is yield/punter losses. It's the increase in revenue that should be evident in weeks if this is effective. 

[MaltedMilkshake]

Most of you are old enough to remember the pub bookie, the SP man/woman, well, guess this will incentivise those brave or desperate enough to venture back........maybe offering Super TAB SP, or best of, and bonus bets to losers, the offerings maybe endless, wonderful days ahead, the pubs will be rocking.

[Newmarket]

1 minute ago, MaltedMilkshake said:

Most of you are old enough to remember the pub bookie, the SP man/woman, well, guess this will incentivise those brave or desperate enough to venture back........maybe offering Super TAB SP, or best of, and bonus bets to losers, the offerings maybe endless, wonderful days ahead, the pubs will be rocking.

Haha, most gamble online so won’t be like the good old days….

40 yrs ago TAB had real monopoly, before lotto only had Golden Kiwi. 
But things have changed now, we have pokies everywhere…. Online casinos, NZ casinos, lotteries world wide, Lotto, Keno….. and so it goes. 
 

Tab think it’s gonna be like the old days…. which it’s not, 

[Murray Fish]

How in a Capitalist economy can a large multinational be allowed to form a total monopoly? Claiming amongst other things that it will allow them to better deal with problem gambling??? While at the same time be screwing the punter with ever large 'take outs'!  Yeah Right!!!

I presume that these 'leading' capitalist are in support of this new monopoly?
 "Vela is joined by Cambridge Stud owner Brendan Lindsay, Waikato Stud boss Mark Chittick, big-time investor and breeder Greg Tomlinson, Ken Breckon, who owns giant harness racing operation Breckon Farms, and in a huge coup, champion expat trainer Chris Waller."

 

ps. Does CER come into play?

[curious]

4 minutes ago, Murray Fish said:

ps. Does CER come into play?

I've raised that before. You'd think so but it seems to be a mutually acceptable variance to that.

[Newmarket]

It’s started already….

For the first time that I can remember, the Tab didn’t offer bet returns on first 2 races today at Riccarton….dont need to when your control nz

[mikeynz]

58 minutes ago, Newmarket said:

It’s started already….

For the first time that I can remember, the Tab didn’t offer bet returns on first 2 races today at Riccarton….dont need to when your control nz

E mail Winnie.

[Newmarket]

Asked Sportsbet what happens next 🤣🤣🤣🤣

[Rangatira]

3 hours ago, Newmarket said:

It’s started already….

For the first time that I can remember, the Tab didn’t offer bet returns on first 2 races today at Riccarton….dont need to when your control nz

Anti competitive to the max.

[mikeynz]

1 hour ago, Newmarket said:

Asked Sportsbet what happens next 🤣🤣🤣🤣

Wouldn't it be rich if Australia stopped allowing NZ residents to bet on Australian Racing due to the fact that  NZ resudents can't bet on their site?

 

Edited 3 hours ago by mikeynz

[Murray Fish]

29 minutes ago, mikeynz said:

stopped allowing NZ residents to bet on Australian Racing

and the irony of how more and more historically has been bet on the 'oz product' v NZ...  what odds the new total monopoly just takes more and more and more... sigh

[Chief Stipe]

34 minutes ago, mikeynz said:

Wouldn't it be rich if Australia stopped allowing NZ residents to bet on Australian Racing due to the fact that  NZ resudents can't bet on their site?

 

Don't they have to do that under the racefields agreement?  

[mikeynz]

1 hour ago, Chief Stipe said:

Don't they have to do that under the racefields agreement?  

Don't know anything about it but we need them more than they need us.

[Chief Stipe]

45 minutes ago, mikeynz said:

Don't know anything about it but we need them more than they need us.

But that's up to the owners of the product NOT the betting agencies.