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Bit Of A Yarn

ARE THERE ANY GOOD CEO's IN RACING


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5 hours ago, barryb said:

Yes Porky a joke when you compare shitty little Hastings to Flemington or Randwick, both of which are in cities the size of NZs population. Now compare it to say Warrnambool (excluding the upcoming carnival) & its relatively similar, I have a mate who lives there and often he is one of no more than 100 in the crowd, pays massive prices for food and drink and $20 entry fee for a crappy day of maiden races, sound more familiar?.

shitty little Hastings is a great course...have the Sunline hat and attend as many meetings (most) Baz...

BUT things in NZ Racing could be done alot better...Stakes and entertainment options, to kick off with.

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1 hour ago, porky said:

shitty little Hastings is a great course...have the Sunline hat and attend as many meetings (most) Baz...

BUT things in NZ Racing could be done alot better...Stakes and entertainment options, to kick off with.

We all know that Porky, but if this was your business would you be throwing more money into the ring at a dying duck?, of course you wouldn’t.

You can’t grow stakes when your income is shrinking without reducing costs. 

Entertainment options are a red herring except for Xmas time Porky, Kiwis are not interested in racing, pure and simple. Having the TAB for generations as a monopoly has made the event a yawn fest and allowed direct competitors for gambling discretionary dollar to muscle in on racing’s captive market, lotto, Pokies and Casinos  present more vibrancy and satisfy the needs of low entry for mega return and instant results.

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15 minutes ago, barryb said:

We all know that Porky, but if this was your business would you be throwing more money into the ring at a dying duck?, of course you wouldn’t.

You can’t grow stakes when your income is shrinking without reducing costs. 

Entertainment options are a red herring except for Xmas time Porky, Kiwis are not interested in racing, pure and simple. Having the TAB for generations as a monopoly has made the event a yawn fest and allowed direct competitors for gambling discretionary dollar to muscle in on racing’s captive market, lotto, Pokies and Casinos  present more vibrancy and satisfy the needs of low entry for mega return and instant results.

Agree Baz...she,s a tough one, and you've pretty much summed it up !

Would be nice to think otherwise though...

makes owning a battler hard too, at the existing stake levels...

So I guess the whole things Farrked...from the bottom up !

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...all of which makes me even more pissed off at the 'empire building' behaviour of our two Boards - one,  sailing on its merry way while the turnover plummets,  the other,  in the guise of 'doing something'  is retrenching the product [ hate that word ] by removing it from the very people who will NEVER go to Ellerslie, Trentham or Riccarton,  but will go to their community day out.

The huge entries at Riverton just go to show how successful good country racing can be.

As an aside,  I had a phonecall yesterday from a nice young man from the TAB.   We notice you haven't used the TAB for a while...is there a reason for this?

To chase up someone who would be flat putting 2 each way on once a week...desperation?   Pity they weren't so helpful in the beginning when I was trying to contact helpline and helpdesk - to no avail - about being 'locked out' of my account.  Explained this to the nice young man, and pointed out that there was no problem with Bet365.    Nice young man decided that my email address was incorrect. Ok,  I don't know my own email address.  Was told to go and login in and follow the 'reset password'  option,  then a  new one would be emailed to me.

Did so.  Access denied.   FFs.

Tried to ring back.  No answer.  

Edited by Freda
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  • 2 weeks later...
On 16/04/2019 at 9:42 PM, barryb said:

We all know that Porky, but if this was your business would you be throwing more money into the ring at a dying duck?, of course you wouldn’t.

You can’t grow stakes when your income is shrinking without reducing costs. 

Entertainment options are a red herring except for Xmas time Porky, Kiwis are not interested in racing, pure and simple. Having the TAB for generations as a monopoly has made the event a yawn fest and allowed direct competitors for gambling discretionary dollar to muscle in on racing’s captive market, lotto, Pokies and Casinos  present more vibrancy and satisfy the needs of low entry for mega return and instant results.

 

On 16/04/2019 at 7:36 PM, porky said:

shitty little Hastings is a great course...have the Sunline hat and attend as many meetings (most) Baz...

BUT things in NZ Racing could be done alot better...Stakes and entertainment options, to kick off with.

After these comments ...I was pleasantly surprised with free public gate entry on Saturday , only two 10k min. maidens and other good stakes and even fields...so congrats to sponsors / organisers / committee (and all responsible)...

Free access to the Members Stand to all...we still went out the front, on grass, with chilly bin, as a lovely day.!

you wouldn't have known it was happening however (i was unaware) , until on course .

No inter track commentaries frustrating for outside punters(we are not all, cell phone, bet savvy)

Probably like to keep money on track ??? ...I dont know ! ...is that the case ?

ANYWAY THANKS ... 

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On ‎4‎/‎15‎/‎2019 at 2:13 PM, curious said:

I wish people would stop saying that and look at the numbers. What Australian racing get back from Government is a modest proportion of what they give government. The opposite is true here and some want more from NZ taxpayers. It's bullshit and ridiculous.

Curious

The latest NZ Racing Board Annual Report I have is for 2013.

It states that for the 2013 season N Z racing paid TO our Government:

        Betting Duty of $10.873million

       GST (Net) of      $38.356million

       Total                   $50.229million.      You will look in vain to find even $1 paid by NZ Govt to NZ racing.

 

And in 1992  we paid  Betting Duty of $42.494million

                                       GST of               $18.331million

                                      Total of              $60.825million.   and got NOTHING in return.

 

Laurie Sutherland

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Thanks Laurie.

I don't have the 1992 figures to confirm that but the latest 2018 figures are here.https://www.nzrb.co.nz/sites/default/files/documents/NZRB1679_Annual_Report_2018_FINAL2.pdf if you want to take a look. I was about to write a fuller response but just saw this which is along similar lines to my thoughts that I was about to share. Good to have  your input again.

https://www.RP.net/node/3181

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18 hours ago, curious said:

Thanks Laurie.

I don't have the 1992 figures to confirm that but the latest 2018 figures are here.https://www.nzrb.co.nz/sites/default/files/documents/NZRB1679_Annual_Report_2018_FINAL2.pdf if you want to take a look. I was about to write a fuller response but just saw this which is along similar lines to my thoughts that I was about to share. Good to have  your input again.

https://www.RP.net/node/3181

Re the comment at www.RP.net/node/3181:

The main reasons why Govt has an involvement in Racing include:

1.  In 1951 they created the NZTAB to handle off-course betting, and to collect some gaming duty tax off that betting.   Previously such betting was available only thru bookmakers, who in general operated illegally and paid little or no gaming tax on their operations

2. The gaming tax collection part is controlled by the NZ Gaming Duties Act, which covers Racing, Poker Machines and Casinos.

3.  Racing is a large and quite complex industry, with three separate codes, numerous individual clubs throughout the country, thousands of employees and registered persons such as Trainers, Jockeys and Drivers who earn their livelihoods from the sport/industry, therefore it needs an element of Government oversight to keep the whole operation broadly fair, and honest.

4.  That oversight is achieved by means of the Racing Act 2003, which at Section 3 states its Purpose to be:-

  "The purpose of this Act is --

   (a)   to provide effective governance arrangements for the racing industry;  and

   (b)  to facilitate betting on galloping, harness, and greyhound races, and other sporting events;  and

  (c)   to promote the long-term viability of New Zealand racing.

 

5.  The NZ Government, as does the Australian, British, French, United States, and plenty of others worldwide, collects taxation in various forms from their racing industries, but they do not own their racing industries.   Our Government is on record as saying that the NZTAB exists for the primary benefit of the NZ Racing industry.

EVERY company in NZ operates under the oversight of the N Z Companies Act, but the Govt DOES NOT own them.  All taxes and duties paid by every company and every Incorporated Society (which every NZ racing club is) are paid by the owners (of companies) and the beneficiaries of incorporated societies.

 

Hope this furthers everyone's education a bit.

 

 

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On ‎4‎/‎15‎/‎2019 at 10:03 PM, Reefton said:

Hope you're wrong but you are probably right

Don't forget to give the new man a 'chance'...about 15 years ago NZ racing had some pom arrive here who was going to make NZ Racing the envy of..the world!

 

A fantastic gravy train is NZTR and the whole game in general.

 

All the money Winston got for the industry years ago was gobbled up in OPEX...there will be no tote racing in NZ in 2030.

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