Nick Roberts Chief Executive Officer @TAB

[Murray Fish]

on the new monopoly betting legislation.. it starts at 18.30 mark.. I have added the text...

 

"An update from the TAB with regards

to the changes in the betting laws and

we invited Nick Roberts to join us on

the show this week

Yeah the Racing Industry Amendment Act

uh was passed on uh Wednesday this week

Unanimous support from Parliament and

the racing minister has worked really

hard to get that through for us Um when

we started this partnership we sort of

had a pretty clear uh objective at TAB

New Zealand which was to make sure that

Kiwi punters are getting a world-class

experience in the safe environment and

we're maximizing funding for u our

stakeholders whether that be racing or

sport So the act makes it exclusive

rights for TAB New Zealand for racing

and sports betting in New Zealand Uh

obviously Entain are our partners who

deliver on our betting and broadcasting

operations And so what that means is

that we now have the sole rights for New

Zealand So from now people are only

betting on tab and beter in New Zealand

legally Tell us the positives for the

New Zealand racing industry and what uh

the legislation will bring Yeah So I

think um if you look at what we're

trying to achieve as I said before uh

it's sort of a three-legg multi that

we're looking at Right So in started

with making sure that deep investment

across the technology platform whether

that be with the new self-service

terminals we've seen with your

broadcasting operation and um you know

we wouldn't have been able to afford to

have a great team at Trentham today

before the Intane partnership their deep

investment in the platform uh and then I

think what this regulation does is sort

of the second leg of that to make sure

we sustain the funding for the future

and then the third leg is going to be

making sure that racing is standing on

its own two feet in the next three years

because that's when the minimum funding

um closes from inane and we are down to

a revenue share model we have a lot of

confidence in performing to meet our

expectations on that front but there is

going to be some tough decisions need to

be made by the industry to make sure

those racing inputs which sustain the

betting revenue uh are achieved What

sort of figures are we talking about in

monetary sense and the loss that we're

losing in New Zealand racing currently

that you expect to gain yeah so about a

third of the New Zealand betting market

is currently offshore So we need to

recapture that We expect that the

funding levels that we've committed to

the industry at the moment um can be

sustained for the long term So at the

moment we distribute $185 million to the

racing codes to split amongst themselves

We think we can we will now be able to

hold that for the long term and

hopefully increase that once we can see

that New Zealand racing product increase

Guess the trade-off for punters is that

at the moment they have options in terms

of where they look to have a bet What

will we be doing in New Zealand to

ensure that we are still looking after

punters given that it's now going to be

a monopoly yeah sure So look I think the

big thing is I would say to everyone is

just wait and see how this rolls out

right i think you'll be very surprised

how fair this is going to be In have

undertaken to us and have undertaken to

the government that everyone's going to

get a fair go here The pundit's promise

will continue on Um Andrew Voris who's

the new CEO of Inane Australia and New

Zealand Um we've got good alignment

already um in the last couple of week

and what we're expecting is the punters

to have a a good fair go they'll be able

to have a reason to bet on New Zealand

race and they'll be treated fairly

throughout the system

Well as you can hear through that

interview really positive stuff with

that new legislation in place all

filters through to the industry <ends>

[Murray Fish]

NR "deep investment across the technology platform whether that be with the new self-service terminals "

It would make interesting reading to be seeing the costs of this? how much are the ongoing costs to the place that run them?  who be using them? v's who bets via their phones?

NR "we've seen with your broadcasting operation and um you know we wouldn't have been able to afford to have a great team at Trentham today"

Reflecting wearing a punters hat: I didn't watch any races live, so can't comment about the lead up to each race. I did not that there was critical comments re the large use of drones.. a crude estimate 65% against...  as a Punter I think  it doesn't add a lot for the live race, but could be a nice tool in flat races in reviewing any race later

NR "but there is going to be some tough decisions need to be made by the industry to make sure those racing inputs which sustain the betting  revenue uh are achieved"

as in? selling Avondale?

to the question "What sort of figures are we talking about in monetary sense and the loss that we're losing in New Zealand racing currently that you  expect to gain?"  NR "

NR "yeah so about a third of the New Zealand betting market is currently offshore"

did I see his nose grow when he said that???

I presume that those numbers came via some of the questioners some of us punters have been ask over the last few years?  How well would those number$ stack up to some  academic rigour?

 

 

[curious]

27 minutes ago, Murray Fish said:

NR "yeah so about a third of the New Zealand betting market is currently offshore"

did I see his nose grow when he said that???

I presume that those numbers came via some of the questioners some of us punters have been ask over the last few years?  How well would those number$ stack up to some  academic rigour?

No. Cameron Rodger told me last year that their figures:

... are based on the method we use to track customer spend with offshore operators which is a combination of:

• Web traffic data;

• Personal (anonymised) credit card spend data;

The fact that they are way out of line with GST, POCC, and published study data, doesn't seem to come into it.

[curious]

I didn't pursue it. Just thought it seemed unreliable. I'm not sure there is any correlation between website data and punter spend. I often go on to bookie sites where I don't even have accounts to check pricing and price movements. 

Credit card spend data may relate to punter deposits, but surely without matching withdrawal data, that has to be a pretty useless measure?

[curious]

Whatever, if their numbers are correct we should know in the next few weeks as turnover should be up by about $50m a month.