October Entain numbers

[curious]

 

https://app4.vision6.com.au/em/message/email/view.php?id=1940906&a=102293&k=-JC_p1txEUKxxeVfIn9_X8SAbEDmbKMZBEsDHUcjS7U

[Huey]

Difficult to read , but it looks like Thoroughbred racing is down on LY ?

That being the case how could that be with Geoblocking ?

[Murray Fish]

5 hours ago, curious said:

 

https://app4.vision6.com.au/em/message/email/view.php?id=1940906&a=102293&k=-JC_p1txEUKxxeVfIn9_X8SAbEDmbKMZBEsDHUcjS7U

thanks for that! @curious
Some interesting stuff re things 'digital' in that!  ...still not enough for me to be stopping my plans around 'uncoupling from things racing',..  currently thinking of building a kitty and having a serious go at the punt on Champions Day,.. then punting side can head off into the sunset..   re photo stuff, still working on exit strategy, slowly getting it together!  still ponder options Racing Horse Book Collection!

[hesi]

Sports betting is flying, I presume most of the new customers are sports bettors

Look forward to this

In addition to transforming live race coverage, the new GPS-RTK system will deliver comprehensive post-race sectional and timing data, offering racing lovers unprecedented insight into race performance. This will soon be available through trackside.co.nz and other platforms as a powerful tool for form analysis and to enhance the overall racing experience.
 

 

Stay tuned over the summer months for the debut of Upon The Land We Stand, hosted by Kylie Bax. Kylie is travelling the length of New Zealand to uncover the stories, spirit, and people that make our racing community so special

Someone was complaining elsewhere about Michael Guerin interviewing Zac Purton and its relevance to NZ racing, and that they should be grassroot NZ racing people.  Well, there is your answer

[Huey]

6 hours ago, hesi said:

Sports betting is flying, I presume most of the new customers are sports bettors

Look forward to this

 

 

Stay tuned over the summer months for the debut of Upon The Land We Stand, hosted by Kylie Bax. Kylie is travelling the length of New Zealand to uncover the stories, spirit, and people that make our racing community so special

Someone was complaining elsewhere about Michael Guerin interviewing Zac Purton and its relevance to NZ racing, and that they should be grassroot NZ racing people.  Well, there is your answer

Wait and see what it is first !

[Chief Stipe]

1 hour ago, Huey said:

Wait and see what it is first !

Oh yes God forbid there is any good news for @Huey and Colin Wightman to digest.

[Chief Stipe]

@curious where did you derive the $13m in POCC lost income from?

[curious]

38 minutes ago, Chief Stipe said:

@curious where did you derive the $13m in POCC lost income from?

Oops. That's a typo. Good catch. I have ~$4m.

[Chief Stipe]

31 minutes ago, curious said:

Oops. That's a typo. Good catch. I have ~$4m.

Which is what was in the DIA options report.

Regulatory-Impact-Statement-Protecting-TAB-NZs-from-offshore-online-betting-to-ensure-a-sustainable-racing-industry.pdf

[curious]

Yes. The 13m was the estimate for the 4 year life of the POCCs.

[curious]

3 hours ago, Chief Stipe said:

Which is what was in the DIA options report.

Regulatory-Impact-Statement-Protecting-TAB-NZs-from-offshore-online-betting-to-ensure-a-sustainable-racing-industry.pdf 2.66 MB · 1 download

It does raise the question (again) though. If that was the POCC takings based on 10% of racing and sports overseas spend, indicating maybe a $40m total spend, how on earth did they arrive at $200m when promoting the monopoly legislation.

Edited 14 hours ago by curious

[Wingman]

13 hours ago, Huey said:

Sports betting is flying, I presume most of the new customers are sports bettors

Earlier this year, perhaps a year or so ago,  Chief Stipe and I were, in a non combative way, 'chewing the fat' as to why on earth would Entain have bothered to get involved with such a small market, small by international standards. My recollection was that we both agreed we (NZ) were being used as a test site and that the ultimate goal was sports betting, not horse racing.

NZ racing has three years to get its act together which based on all the lack of direction the industry is currently experiencing from its so called 'leaders' leaves me to say, optimistically, please make the most of the next 3 years...Enjoy. 

[Huey]

11 hours ago, Wingman said:

 

NZ racing has three years to get its act together which based on all the lack of direction the industry is currently experiencing from its so called 'leaders' leaves me to say, optimistically, please make the most of the next 3 years...Enjoy. 

I share your enthusiasm for the industry going forward!

[hesi]

And what if you are wrong, you have wasted 5 years being negative, I mean to say, you and others that pass comment are hardly financial analysts of any note

[Chief Stipe]

9 minutes ago, hesi said:

And what if you are wrong, you have wasted 5 years being negative, I mean to say, you and others that pass comment are hardly financial analysts of any note

Agreed and they don't offer any solutions other than nostalgia.

[hesi]

I just find it amazing, that people with no expertise in financial analysis, have done their own evaluation and come to the conclusion that after 5 years of being underwritten by Entain, racing in NZ will be doomed because the payout will fall substantially.

By taking such a negative stance, they are contributing to it

[Huey]

23 minutes ago, hesi said:

I just find it amazing, that people with no expertise in financial analysis, have done their own evaluation and come to the conclusion that after 5 years of being underwritten by Entain, racing in NZ will be doomed because the payout will fall substantially.

By taking such a negative stance, they are contributing to it

Where are you seeing these Green Shoots appear after the 5 years?

[Chief Stipe]

4 minutes ago, Huey said:

Where are you seeing these Green Shoots appear after the 5 years?

Still 3 years to go.  Your best and only solution offered so far is a used paint brush.

[hesi]

12 minutes ago, Huey said:

Where are you seeing these Green Shoots appear after the 5 years?

That is the point, I don't know, but I am looking at the bigger picture in that Entain have chosen to effectively invest a billion dollars in NZ racing over 5 years.  This has meant that stakemoney has effectively more than doubled from what it would have been had Entain not come along.

That in itself is a green shoot.

I am not denying that there are many problems.

[Huey]

14 minutes ago, Chief Stipe said:

Still 3 years to go.  Your best and only solution offered so far is a used paint brush.

Thankfully You're certainly solution focused enough for the both of us  @Chief Stipe!

You won't join a committee .

You want to sell racing assets.

You think reading a set of financial statements gives you a useful insightful view into the industry.

You think the NZ Breeding industry is thriving.

You believe in fairytales i.e. NZTR Strategic Plans

You're the Grand Tours biggest propagandist

missed any?