Jan turnover numbers

[Shab]

46 minutes ago, Chief Stipe said:

But that isn't a tax.  It is a duty which was paid at 4% of profits.  Certainly not a company tax rate!

How ridiculous of course it was a tax.  Duty is a tax like a car is a vehicle.

[Chief Stipe]

10 hours ago, Shab said:

How ridiculous of course it was a tax.  Duty is a tax like a car is a vehicle.

It is a fixed duty (type of tax).  The point I was making was the TAB never paid company tax on its profits.  Compare that with Sky City Casino which pays a minimum of 18% GST and gaming duty BEFORE tax on company profits.

[Murray Fish]

10 hours ago, the galah said:

i hadn't realised just how well the nz racing industry is treated

The Trough$ were at their fullest in the mid 80's!  Racing then reflected the actual stakes to betting ratios!  The spreads that were available to some on any race day were rather impressive! The Press Room would be  restocked for Every Meeting! Then  the big share market crash in Oct '87.  It played out very much so in the Racing Industry.   Since then their has been a continue decline..  will Entain prove to be a Dead Cat Bounce?  or are they laying new foundation  transformative progressive change into the future?   

We be watching that be played out in real time!

[the galah]

50 minutes ago, Murray Fish said:

The Trough$ were at their fullest in the mid 80's!  Racing then reflected the actual stakes to betting ratios!  The spreads that were available to some on any race day were rather impressive! The Press Room would be  restocked for Every Meeting! Then  the big share market crash in Oct '87.  It played out very much so in the Racing Industry.   Since then their has been a continue decline..  will Entain prove to be a Dead Cat Bounce?  or are they laying new foundation  transformative progressive change into the future?   

We be watching that be played out in real time!

i think how each  racing code have spent the entain money will decide whether its a dead cat bounce.

as to the spreads the clubs put on back in the say.

i remember my parents racing a horse or two back in the early 1970's. they would always get a couple of tickets each and then take a friend with them to a room where free afternoon tea was provided for owners.From memory they were allocated 2 or 3 cakes as well as a cup of tea.

They still owned one that was in training or racing during the late 80's and 90's,i'm pretty sure the owners got no free afternoon tea by then,but i do recall my parents often commenting on how the local clubs would put on free drinks and food for friends of club members,who only went for the free food and booze and never showed any interest in anything racing. I remember one particular fella who was never a club member and had no interest at all in racing, but would always roll out drunk near the end of the local raceday.

funny thing is,my wife and i  raced harness horses for many years and the the only club to ever provide an afternoon tea type thing was forbury. Never once did we get an invite from any club,apart from the forbury club for food..if we won our local club would always invite us in for a drink and addington and forbury as well,but no one else did and we have won a race or two  at most of the south island tracks.

Edited 45 minutes ago by the galah