Entain cutting costs! Writing on the wall?

[Brodie]

10 hours ago, Nowornever said:

Well the industry will pay if Entain can’t get their bottom line up. Owners, trainers, breeders and clubs will cop it through reduced stakes in the long run if overheads do not come down.

Entain guaranteed funding runs out 2027/2028?  After that I presume funding becomes subject to Entains actual performance which based on the red flags over the last few months is not that great.

 

There is absolute no way that stakes are going to be anywhere near as high as what they are currently, once the 5 years is up!

The North Island stakes will be significantly less and costs wont be dropping.

Not sure how much of the $900million has been used up already with stakes and promised bonuses, but someone with financial intelligence needs to be appointed pronto!

Punters need to be encouraged rather than discouraged, despite what they are trying to tell us.

Giving away bonus bets and bonus cash is manipulating  turnover figures.

 

 

[Gammalite]

26 minutes ago, Brodie said:

There is absolute no way that stakes are going to be anywhere near as high as what they are currently, once the 5 years is up!

The North Island stakes will be significantly less and costs wont be dropping.

and deservedly so.

It's lucky they're not low now like the general 4-6 k races they run all round Australia every day. 

But you got lucky and ENTAIN saved the day . (Temporarily you say) It's a Good thing !!! for 5 years you keep saying. In Queensland we are grateful that the ENTAIN group Ladbrokes props us up in the betting market,  so we can race 5-6 race meetings per week for our cohort of about 500 horses. excellent stuff. 

you want to criticise the hand that feeds you ? , but if you didn't get fed ( by Entain) you might of been racing for half the prizemoney they are now  by now already ? . And Deservedly So.

Deservedly = Because you bloke Refuse to support the 'Product' anymore and slander North Island harness altogether, all the innovations , and you can Really get the feeling of how Popular the once great Harness Racing Sport is in New Zealand these days from the CONSTANT Bagging it gets on NZ harness forums lol. eye rolling stuff 🙄 lol😉

At least in Australia we still enjoy the sport (as a sport) and try and keep the small fields going around at Marburg or Globe Derby or Mildura or wherever. Ballarat even has full 10 horse fields tonight going around in $6000 races. 

You are right and that will become the norm in NZ one of these days. Oamaru racing for 10 and 12 K races today is just FAR to MUCH. it will be cut in half one day to 5 and 6 k because of the revenue . no one betting on those poor horses. so yeah ! cut the prizemoney in half and see how it goes from there? 

Why should they get more prizemoney when no-one betting on them ?  Par for the course old mate. A sign of tough financial times for one and all.