October Entain numbers

[Gammalite]

1 hour ago, curious said:

They don't have the major say in that do they? In fact they seem to have had little influence on what the codes do.

exactly . The Entain company (operating as Ladbrokes in Queensland ) allocates so much funding per year that is divvied-Up between the racing and harness codes at a rate that is compatable with the stakemoney being offered for the races. The Computer systems sort the funding and annual allocation in a way , to have the Best horses racing and some good feature racing as well as any lower class racing that needs the funding.

this happens with other companies input as well . such as Garrards Horse and Hound that pour a significant amount of their annual profits back into all 3 codes , to sponsor bucketloads of races in both NZ and Aus. 

Unfortunately those like Brodie here , that forever accuse the powers that run the show of incompetent Business management ( when the racing has Never been better nor Raced for such great prizes in history) when it is all done on Computer that is smarter than them/him . just a doomsayer approach all the time instead of enjoying the racing.   

[Newmarket]

You have to be realistic with Entains figures, of course they were going to see an increase in betting revenue with below windfalls…

1- NZ punters can no longer bet in Australia, Entain was always going to see natural revenue growth. 
2- Entain introduced Betcha App, targeting mainly younger punters betting on mainly sport, all sorts of promos available to entice punters. 
 

So it is easy to see why an increase, you would have to be stupid if you thought revenue would go backwards, although with the BS leakage figures that were mentioned, nothing like those gains, which we knew was just a way of cementing a NZ monopoly… as well of course their Safer Gambling shit, which as i have mentioned earlier is just a box ticking exercise. But in the next year or two, Entain going to struggle in NZ, just like they have in Aussie after initial splurge…. below comments will be interesting. 
 

1- Greyhound racing, this will cost Entain millions, and i would say when the greenies see imported Dog racing from Aus, push will be to stop it, as i think they should. Those involved in Dog will most likely leave the racing game also, or at least revenue will reduce, going to be huge.

2- Betcha sign ups have now stagnated, will see less active TAB & Betcha accounts in next 18 months. 
 

3-Ageing population is going to be a big one, older generation mainly have more weekly spend racing loyalists still regularly bet. Compare this to younger type punters, more into sports betting, or major Cup days. Majority wont follow racing all year. 
 

Chiefs going to say i am being negative, but i am being realistic, it will be a huge struggle to see increased betting turnovers, in fact it will be impossible. Have a good day all, enjoy the racing. 

[Huey]

8 minutes ago, Newmarket said:

You have to be realistic with Entains figures, of course they were going to see an increase in betting revenue with below windfalls…

1- NZ punters can no longer bet in Australia, Entain was always going to see natural revenue growth. 
2- Entain introduced Betcha App, targeting mainly younger punters betting on mainly sport, all sorts of promos available to entice punters. 
 

So it is easy to see why an increase, you would have to be stupid if you thought revenue would go backwards, although with the BS leakage figures that were mentioned, nothing like those gains, which we knew was just a way of cementing a NZ monopoly… as well of course their Safer Gambling shit, which as i have mentioned earlier is just a box ticking exercise. But in the next year or two, Entain going to struggle in NZ, just like they have in Aussie after initial splurge…. below comments will be interesting. 
 

1- Greyhound racing, this will cost Entain millions, and i would say when the greenies see imported Dog racing from Aus, push will be to stop it, as i think they should. Those involved in Dog will most likely leave the racing game also, or at least revenue will reduce, going to be huge.

2- Betcha sign ups have now stagnated, will see less active TAB & Betcha accounts in next 18 months. 
 

3-Ageing population is going to be a big one, older generation mainly have more weekly spend racing loyalists still regularly bet. Compare this to younger type punters, more into sports betting, or major Cup days. Majority wont follow racing all year. 
 

Chiefs going to say i am being negative, but i am being realistic, it will be a huge struggle to see increased betting turnovers, in fact it will be impossible. Have a good day all, enjoy the racing. 

You make some very valid points, but never understate the impact of the world class "GRAND TOUR!"

 

Failing that @Chief Stipe & @hesi are confident asset theft and the under 35s crowd will have the sport hitting new heights

[curious]

42 minutes ago, hesi said:

I guess no one knows what goes on behind the scenes, but one would have thought if you had underwritten NZ Racing to the tune of almost a billion dollars, that you would have a lot to say via TABNZ, especially if after 5 years, if not done wisely, will affect your return and ultimately your future participation.

They didn't really underwrite NZ racing in my view. They bought a business which could benefit NZ racing but if they don't want to come on board, Entain will make the best of the business they have which they are doing now by growing the sports revenue.

[Newmarket]

36 minutes ago, Huey said:

You make some very valid points, but never understate the impact of the world class "GRAND TOUR!"

 

Failing that @Chief Stipe & @hesi are confident asset theft and the under 35s crowd will have the sport hitting new heights

The majority of youngsters betting on sport usually follow only certain sports, Basketball a favourite. Game goes for 2 hrs, so unless betting inplay, money tied up for awhile. 
 

Compare to punters on a Sat arvo, races going every 5mins, as well as having a punt on sports. This brigade is the one the spends the dosh….