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.  

[the galah]

1 hour ago, Gammalite said:

 

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😉

 

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.  

you end your post with a comment that seems to accept stake money will be reduced significantly because of the overspending going on at the moment.

while you've also expressed the opinion that the current overspending is a good thing,as its necessary to maintain current participation levels.

So the obvious question is,if you believe maintaining the current stake levels and bonuses and big payout races is necessary to maintain current participation levels,then why don't you think thats going to be relavant when they run out of the money to do that in 3 years time.

Its like,you promote policies that will have a far greater negative impact on the industry in years to come,than was necessary had we had leadership who were fiscally responsible.And you seem to acknowledge  that.

and even if you think the current policies are working,can you then explain how that thinking lines up with the stats that show declining licence holder numbers,mares being bred,field size numbers,turnovers,on course attendance,etc,etc,etc.

[Brodie]

3 hours ago, Gammalite said:

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.  

Gamma, exactly you are on the money.

False economics from HRNZ , they are butchering the money from Entain  andgiving false info to participants.

Personally luv the low stake racing far better than the high stake races.

Why is it that we can see the writing on the wall and yet HRNZ can not?

Wonder if has anything to do with being paid big salaries?

[Gammalite]

7 hours ago, the galah said:

So the obvious question is,if you believe maintaining the current stake levels and bonuses and big payout races is necessary to maintain current participation levels,then why don't you think thats going to be relavant when they run out of the money to do that in 3 years time.

there's always a way. There's Sponsors and interested parties such as the stud farms and millionaires who chip in to keep it going.

They already chip in to the large prize Slot races you guys All hate . 

Races are just run to what money sponsors put up at the time .

I went to Tasmania with a few Queenslanders when Blacks A Fake won the Interdominion . He picked up a million dollars as First prize. sometimes Sponsors mean you can race for better money .  other years not so much.

The WAY it's ALWAYS been. ENTAIN /Ladbrokes have been great for harness racing.

I can't condemn their input like you blokes do. we need them as are a good sponsor.  Do they help the NZ Gallops out as well ?  Chief might know ?

[Gammalite]

6 hours ago, Brodie said:

Personally luv the low stake racing far better than the high stake races.

you do need some though.

Those Marketplace v Got The Chocolates clashes this year have been amazing. and you can show off your next 2 NZ Superstars.  generated a bit of excitement . The Velocity and the NZ Derby were very exciting

I've been Spruiking QLDer GUS the trotter to the Galah all year telling him how good he was. Paid $8 there twice , so you punting blokes might of got something. ( I backed GUS the 2nd time in the trotting FFA but missed the first unfortunately )  Good on ya GUS 🏆 . whatta beauty he is. 

Here's Another $8 winner for you Brodster. in the video. 

Shouldn't of paid so much against those very Weak South Island horses. About 8 of them in this video. The good horse tried to show some LEAP TO FAME death seat toughness though. great memories mate 😁😉