Happy Sunrise Posted May 12, 2020 Share Posted May 12, 2020 Did Winston imply they will close off access to overseas betting agencies? 1 Quote Link to comment Share on other sites More sharing options...
Happy Sunrise Posted May 12, 2020 Author Share Posted May 12, 2020 Geez he just confirmed....lol Luckily we love the TAB site 1 Quote Link to comment Share on other sites More sharing options...
Rusty Posted May 12, 2020 Share Posted May 12, 2020 1 hour ago, Happy Sunrise said: Did Winston imply they will close off access to overseas betting agencies? I mainly use Ladbrokes Australia and Neds. My take on it, was that he implied so, but it isn't a given. It is possible that the overseas betting agencies may in the future have to pay some coin back to the NZ racing industry. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted May 12, 2020 Share Posted May 12, 2020 2 minutes ago, Rusty said: I mainly use Ladbrokes Australia and Neds. My take on it, was that he implied so, but it isn't a given. It is possible that the overseas betting agencies may in the future have to pay some coin back to the NZ racing industry. If you read RITA's news releases you will find that they have already done a deal with Ladbrokes and other bookies..... So I don't know where they extra dosh is coming from when RITA says they have "deals with 80% of the bookies." Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted May 12, 2020 Share Posted May 12, 2020 As Harness supporters - what is the equivalent in synthetic track capital that your part of the industry will be getting? 1 Quote Link to comment Share on other sites More sharing options...
Happy Sunrise Posted May 12, 2020 Author Share Posted May 12, 2020 4 minutes ago, Rusty said: I mainly use Ladbrokes Australia and Neds. My take on it, was that he implied so, but it isn't a given. It is possible that the overseas betting agencies may in the future have to pay some coin back to the NZ racing industry. I thought when the issue came up again in the Q&A and he gave a mischievous smile before answering I thought he knew he was treading on contentious ground. But Chief says it is nothing new so obviously is nothing. Quote Link to comment Share on other sites More sharing options...
Rusty Posted May 12, 2020 Share Posted May 12, 2020 2 hours ago, Chief Stipe said: If you read RITA's news releases Ya kidding?! A news release?! I never knew that they did such things!! Quote Link to comment Share on other sites More sharing options...
Rusty Posted May 12, 2020 Share Posted May 12, 2020 2 hours ago, Chief Stipe said: As Harness supporters - what is the equivalent in synthetic track capital that your part of the industry will be getting? Nothing. 2 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted May 12, 2020 Share Posted May 12, 2020 Just now, Rusty said: Ya kidding?! A news release?! I never knew that they did such things!! I'd post it for you Rusty but this keyboard warrior needs a rest. Wish the pub was open. 1 Quote Link to comment Share on other sites More sharing options...
JJ Flash Posted May 12, 2020 Share Posted May 12, 2020 1 hour ago, Rusty said: Ya kidding?! A news release?! I never knew that they did such things!! You are kidding , just google RITA and see the updates they have been constantly providing . Greg Quote Link to comment Share on other sites More sharing options...
Happy Sunrise Posted May 12, 2020 Author Share Posted May 12, 2020 Ones like these Rusty, 12 May 2020 RITA welcomes the Government’s announcement today, and particularly, the tireless advocacy of the Racing Minister, Rt. Hon Winston Peters during this time. Covid19 has presented the racing industry with one of its greatest challenges in its 150 year lifetime. Without today’s announcement, the industry faced the serious prospect of confining all those years of New Zealand culture to the history books. With TAB customer numbers down 35 percent, monthly revenue down almost 50 percent from pre-Covid forecasts and continued uncertainty for a full resumption of racing and sport, the support provides a much needed lifeline to ensure the TAB can come out of this and continue to generate critical revenue for racing and sport in NZ. Most of the country only sees the glitz and glamour of racing - the reality is that this industry contributes $1.6 billion to New Zealand’s GDP and supports 14,000 grassroots jobs behind the scenes, with many based in our regional economies. The money to sustain this comes from the TAB and animal owners. Ultimately, all industry participants are dependent on the confidence of animal owners to continue investing. Today’s announcement will be received by the sector as a welcome boost of encouragement, and with positive ramifications for all those drawing their livelihoods from racing. However today’s announcement doesn’t change the fact that Covid19 has highlighted some serious underlying structural issues within the industry. In line with the direction of the Government’s reform programme, more tough decisions will be required going forward, and the industry must continue reforming now more than ever in order to be sustainable. RITA will be continuing to consult with staff on critical proposals aimed at ensuring the sustainability of the organisation and developing it into becoming a more commercially focused, leaner and more efficient business, so it can continue to fund racing and the wider NZ sporting community Quote Link to comment Share on other sites More sharing options...
Newmarket Posted May 12, 2020 Share Posted May 12, 2020 Amazing that we are going down this track again. If nz stops nz punters betting with overseas operators, it will have to stop overseas punters betting with the nz tab. They will be worse off, silly pricks been down this road. 2 Quote Link to comment Share on other sites More sharing options...
Brodie Posted May 12, 2020 Share Posted May 12, 2020 Get rid of all the clowns that have justified the stupid costly decisions that have been made and continually will be. The trough should be lowered and non performers moved on! Reality is that the punting turnover on racing will continue to suffer unless the product is promoted and new punters are brought onboard. 1 Quote Link to comment Share on other sites More sharing options...
Nowornever Posted May 12, 2020 Share Posted May 12, 2020 2 hours ago, Happy Sunrise said: Covid19 has highlighted some serious underlying structural issues within the industry 1 Quote Link to comment Share on other sites More sharing options...
Rusty Posted May 12, 2020 Share Posted May 12, 2020 4 hours ago, JJ Flash said: You are kidding , just google RITA and see the updates they have been constantly providing . Greg Jesus not much gets past you mate. Yes. I was kidding. 1 Quote Link to comment Share on other sites More sharing options...
Rusty Posted May 12, 2020 Share Posted May 12, 2020 3 hours ago, Happy Sunrise said: Ones like these Rusty, 12 May 2020 RITA welcomes the Government’s announcement today, and particularly, the tireless advocacy of the Racing Minister, Rt. Hon Winston Peters during this time. Covid19 has presented the racing industry with one of its greatest challenges in its 150 year lifetime. Without today’s announcement, the industry faced the serious prospect of confining all those years of New Zealand culture to the history books. With TAB customer numbers down 35 percent, monthly revenue down almost 50 percent from pre-Covid forecasts and continued uncertainty for a full resumption of racing and sport, the support provides a much needed lifeline to ensure the TAB can come out of this and continue to generate critical revenue for racing and sport in NZ. Most of the country only sees the glitz and glamour of racing - the reality is that this industry contributes $1.6 billion to New Zealand’s GDP and supports 14,000 grassroots jobs behind the scenes, with many based in our regional economies. The money to sustain this comes from the TAB and animal owners. Ultimately, all industry participants are dependent on the confidence of animal owners to continue investing. Today’s announcement will be received by the sector as a welcome boost of encouragement, and with positive ramifications for all those drawing their livelihoods from racing. However today’s announcement doesn’t change the fact that Covid19 has highlighted some serious underlying structural issues within the industry. In line with the direction of the Government’s reform programme, more tough decisions will be required going forward, and the industry must continue reforming now more than ever in order to be sustainable. RITA will be continuing to consult with staff on critical proposals aimed at ensuring the sustainability of the organisation and developing it into becoming a more commercially focused, leaner and more efficient business, so it can continue to fund racing and the wider NZ sporting community A snore fest aye... it's wanky PR bullsh!t. Less hui, more doey. Get on with it Dean. Sort it out. 1 Quote Link to comment Share on other sites More sharing options...
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