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Bit Of A Yarn

Question being asked BOAY punters!


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Posted (edited)

then again the opposite also applies.

if people say greyhound racing should continue here,then they should also be supporting greyhound racing and gambling on it, continuing in australia,not suggesting our government should ban betting on it.

i'm sure the people who supported banning it here are consistent and  want betting on it  banned here and in australia as well.

Edited by the galah
Posted (edited)
47 minutes ago, the galah said:

then again the opposite also applies.

if people say greyhound racing should continue here,then they should also be supporting greyhound racing and gambling on it, continuing in australia,not suggesting our government should ban betting on it.

i'm sure the people who supported banning it here are consistent and  want betting on it  banned here and in australia as well.

Reality is that those that support the banning of greyhound racing must also support the extinction of the greyhound breed from NZ forever!

I understand that the dogs are being desexed now, and despite the fact that greyhounds make good pets, we are going to eventually see no greyhounds in our streets being walked!

shame really.

Edited by Brodie
Posted

The 5 year funding guarantee is propping up the distribution to the 3 codes by approx $30m/year.This is the estimate by Grant Thornton who, under S60 of The Racing Act, were appointed to complete a 5 yearly Performance and Efficiency audit.

Their report, which was published by the TAB in September last year, say that the TAB at the point of audit had 12 staff plus a Board of 6 directors.

The report flagged a shortfall of funding to the TAB versus income Entain were actually making was approx $31.8m (per the attached note.)

Assuming that greyhounds don't contribute a significant amount of GBR then this would have an impact to NZTR of approx $20m/year and to HRNZ of approx $10m/year.

The full geonet impact is still a year away from being reported and should hold some upside. NZTR's annual report said that the geonet had been in place for one month when their report was done.

Entain's new Australian CEO said that this gap was "closing" when asked by Mick Guerin last last year. 

Realistically the only lever saving that magnitude of money, would be via a stakes reduction.

Minimum guarantee shortfall.jpg

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