Ellerslie turnover for those who asked.

[curious]

[Murray Fish]

$70k down oncourse.  but up $435k overall?

I presume a nice profit is made on this day via eating and drinking?

[Bill]

1 hour ago, Murray Fish said:

$70k down oncourse.  but up $435k overall?

I presume a nice profit is made on this day via eating and drinking?

No BGP this year i think

[Dark Beau]

Curious, where do find or more to point where can I find the figures?

It will be interesting to compare Karaka Night with today's Wellington Cup Day.

[curious]

12 minutes ago, Dark Beau said:

Curious, where do find or more to point where can I find the figures?

It will be interesting to compare Karaka Night with today's Wellington Cup Day.

They are sent to clubs weekly. I'm not sure where else you can get them. No idea why NZTR don't make them available on the web.

[Chief Stipe]

11 hours ago, curious said:

They are sent to clubs weekly. I'm not sure where else you can get them. No idea why NZTR don't make them available on the web.

I can understand why they don't!

Social Media Cost Accountants have enough fodder to fuel their conspiracies and prejudices.

It is getting tiresome seeing crap analysis comparing Kumara or Cromwell with Ellerslie or Te Rapa.  

[curious]

17 minutes ago, Chief Stipe said:

I can understand why they don't!

Social Media Cost Accountants have enough fodder to fuel their conspiracies and prejudices.

It is getting tiresome seeing crap analysis comparing Kumara or Cromwell with Ellerslie or Te Rapa.  

Can't say I remember seeing such analysis but if there has been, and it is crap, then why hasn't some one produced a more thorough and robust one, if it's that important?

Edited 9 hours ago by curious

[Chief Stipe]

9 minutes ago, curious said:

Can't say I remember seeing such analysis but if there has been, and it is crap, then why hasn't some one produced a more thorough and robust one, if it's that important?

Why is it "that important"?

 

[curious]

I don't think it is. I think it's pointless. I don't see why you are obsessed with the idea of comparing one and two race day a year clubs with the likes of Ellerslie.

[Huey]

2 hours ago, Chief Stipe said:

I can understand why they don't!

Social Media Cost Accountants have enough fodder to fuel their conspiracies and prejudices.

It is getting tiresome seeing crap analysis comparing Kumara or Cromwell with Ellerslie or Te Rapa.  

Then refute the prejudices with some sound factual analysis @Chief Stipe.

Stop being so negative about everything in the NZ racing industry all the time!

[hesi]

2 hours ago, curious said:

I don't think it is. I think it's pointless. I don't see why you are obsessed with the idea of comparing one and two race day a year clubs with the likes of Ellerslie.

I'm surprised you would say it is pointless.

One of the things you have always talked about is a sustainable industry.  One metric for measuring this is the turnover/stake ratio.

The figures you presented for January, clearly show that the prestige races/meetings perform poorly on this measure. 

[curious]

4 minutes ago, hesi said:

I'm surprised you would say it is pointless.

One of the things you have always talked about is a sustainable industry.  One metric for measuring this is the turnover/stake ratio.

The figures you presented for January, clearly show that the prestige races/meetings perform poorly on this measure. 

So do you attribute that to the club/venue?

[Chief Stipe]

3 hours ago, curious said:

I don't think it is. I think it's pointless. I don't see why you are obsessed with the idea of comparing one and two race day a year clubs with the likes of Ellerslie.

I'm not obsessed with it at all.  I said OTHERS are.

[Chief Stipe]

1 hour ago, Huey said:

Then refute the prejudices with some sound factual analysis @Chief Stipe.

I try my best.

1 hour ago, Huey said:

Stop being so negative about everything in the NZ racing industry all the time!

Have you had an epiphany or a catharsis during you summer break to Bali?  Or is "Pot Kettle Black" your theme for 2026?

PS: Return To Conquer is going to make a lovely sire.  Put some nice horses away in his short career.

[Chief Stipe]

1 hour ago, curious said:

So do you attribute that to the club/venue?

1 hour ago, hesi said:

One of the things you have always talked about is a sustainable industry.  One metric for measuring this is the turnover/stake ratio.

The figures you presented for January, clearly show that the prestige races/meetings perform poorly on this measure.

It is a pointless measure @hesi .  There are other factors to consider rather than just turnover/stakes on a particular day.  However unless we see all the financial data then it is pointless doing the comparison.  We are unlikely to either as ENTAIN are a listed company and have no obligation to report detailed commercial data on a daily basis to anyone.

[curious]

15 minutes ago, Chief Stipe said:

It is a pointless measure @hesi .  There are other factors to consider rather than just turnover/stakes on a particular day.  However unless we see all the financial data then it is pointless doing the comparison.  We are unlikely to either as ENTAIN are a listed company and have no obligation to report detailed commercial data on a daily basis to anyone.

Well, that's the point isn't it. We all have to make our assessments based on the data available. Turnover to stakes IS a valid metric for indicating how we are doing with respect to wagering revenue cf. a major expense variable. So, I don't agree that it's pointless comparing the two and the variability between different days with different stakes inputs.

Edited 4 hours ago by curious

[Murray Fish]

15 minutes ago, Chief Stipe said:

There are other factors to consider rather than just turnover/stakes on a particular day.  However unless we see all the financial data then it is pointless doing the comparison

It is a nice  set of numbers as a starting point!  But as you point out, so much more actual Facts are now Always missing, hence, A Industry that you can no longer do proper due diligence on!

Smoke and Mirrors Rule!  Hence,  The Internet is howling in vain...

[hesi]

1 hour ago, curious said:

So do you attribute that to the club/venue?

Looking at the top 12 in the ratio, they are pretty much industry days spread across a variety of clubs throughout the industry

[Chief Stipe]

7 minutes ago, curious said:

Well, that's the point isn't it. We all have to make our assessments based on the data available. Turnover to stakes IS a valid metric for indicating how we are doing with respect to wagering revenue cf. a major expense variable. So, I don't agree that it's pointless comparing the two and the variability between different days with different stakes inputs.

But you don't have enough data to do a fair comparison.  The only comparison you can really do is comparing this year with last year vs the same race meeting.

A direct race stake to race turnover comparison achieves what?  

[Chief Stipe]

2 minutes ago, hesi said:

Looking at the top 12 in the ratio, they are pretty much industry days spread across a variety of clubs throughout the industry

So?  You have what you think is a favourable measure are you suggesting we should more industry days at the same clubs?  I.e. what changes are going to be driven by the metric?

[Chief Stipe]

3 minutes ago, Murray Fish said:

It is a nice  set of numbers as a starting point!  But as you point out, so much more actual Facts are now Always missing, hence, A Industry that you can no longer do proper due diligence on!

Smoke and Mirrors Rule!  Hence,  The Internet is howling in vain...

Why do WE need to do due diligence?  Most of us can't put our bias to oneside to analyse a horse race let alone an industry!

[hesi]

23 minutes ago, Chief Stipe said:

It is a pointless measure @hesi .  There are other factors to consider rather than just turnover/stakes on a particular day.  However unless we see all the financial data then it is pointless doing the comparison.  We are unlikely to either as ENTAIN are a listed company and have no obligation to report detailed commercial data on a daily basis to anyone.

Of course there are other measures, but turnover/stakes, not just on a particular day but as a trend across the industry is important  

There are measures that are hard to measure, like the way the big club meetings that get World Pool status and therefore bring more spotlight on NZ racing, which may have flow on effects

[Chief Stipe]

26 minutes ago, hesi said:

Of course there are other measures, but turnover/stakes, not just on a particular day but as a trend across the industry is important  

Important to who?  What actions will be taken?

[curious]

39 minutes ago, Chief Stipe said:

So?  You have what you think is a favourable measure are you suggesting we should more industry days at the same clubs?  I.e. what changes are going to be driven by the metric?

The obvious change the data suggests is the redistribution of stakes funding so as to optimise turnover isn't it?

[Chief Stipe]

2 hours ago, curious said:

The obvious change the data suggests is the redistribution of stakes funding so as to optimise turnover isn't it?

Assuming that the level of Stakes has a direct correlation to Turnover.  We both know it doesn't.