Pokies to Drive Racing

[Mark D]

Apologies if this has been covered before but it would appear to me that the revenue from pokies is crucial to racings future decisions.  I was surprised to see that  Rita's revenue had only fallen to about 46%(?) of previous revenue - I would have assumed it would be much worse.  But I now think that this would only be betting revenue and overall revenue would be far worse given that revenue from pokies would be 0%.  Therefore I would assume that it would be be suicidal for the TAB to shut down its branches where they house pokies - and as far as I am aware it only runs branches where it has pokies - as these are the lifeblood of the industry.  Racing bosses have been claiming that they should receive ALL proceeds from pokies but have not been able to convince Governments of this, and rightly so IMO.

It would seem to me that RITA has given up on betting revenue which is dangerous given that Governments can not be "trusted" to continue with this largesse.  They certainly can't claim to be benefiting any communities, except maybe Cambridge and Matamata, as they are trying to rob the rest of them of their community assets.

Still RITA has shown the wisdom of kamikaze pilots thus far so I guess nothing is out of the question.

[nomates]

30 minutes ago, Mark D said:

Apologies if this has been covered before but it would appear to me that the revenue from pokies is crucial to racings future decisions.  I was surprised to see that  Rita's revenue had only fallen to about 46%(?) of previous revenue - I would have assumed it would be much worse.  But I now think that this would only be betting revenue and overall revenue would be far worse given that revenue from pokies would be 0%.  Therefore I would assume that it would be be suicidal for the TAB to shut down its branches where they house pokies - and as far as I am aware it only runs branches where it has pokies - as these are the lifeblood of the industry.  Racing bosses have been claiming that they should receive ALL proceeds from pokies but have not been able to convince Governments of this, and rightly so IMO.

It would seem to me that RITA has given up on betting revenue which is dangerous given that Governments can not be "trusted" to continue with this largesse.  They certainly can't claim to be benefiting any communities, except maybe Cambridge and Matamata, as they are trying to rob the rest of them of their community assets.

Still RITA has shown the wisdom of kamikaze pilots thus far so I guess nothing is out of the question.

They have no option but to rely on pokies cause they have no friggen idea on how to drive racing revenues , rather than build racing they will continue to shrink it to fit the pool of available money . 

[Chief Stipe]

44 minutes ago, Mark D said:

TAB to shut down its branches where they house pokies - and as far as I am aware it only runs branches where it has pokies - as these are the lifeblood of the industry.

I thought they had deals with pubs.  Just like harness which owns a company that owns pubs with pokies.

Also most of their Pokie revenue went to pay for the RIU operation.  There are restrictions on what you can use the Pokie derived revenue for.

[Mark D]

I think it depends on the class of licence and who hold it.  But I'm no expert.

[Chief Stipe]

RITA(NZRB) holds a Class 4 license.  

The rules for the distribution from the Pokies under this license are as follows (Stakes are not considered an authorised purpose):

Authorised Purposes

Class 4 corporate societies that are licensed to operate gaming machines must apply the net proceeds of the gaming operation to authorised purposes.
Authorised purposes are:

• charitable purposes
• non-commercial purposes that have community benefits
• promoting, controlling and conducting race meetings.

[Mark D]

3 hours ago, Chief Stipe said:

RITA(NZRB) holds a Class 4 license.  

The rules for the distribution from the Pokies under this license are as follows (Stakes are not considered an authorised purpose):

Authorised Purposes

Class 4 corporate societies that are licensed to operate gaming machines must apply the net proceeds of the gaming operation to authorised purposes.
Authorised purposes are:

• charitable purposes
• non-commercial purposes that have community benefits
• promoting, controlling and conducting race meetings.

From the Gamling Act 2003 (note (iii)

authorised purpose means,—

(a)

for class 1 gambling, class 2 gambling, and class 3 gambling, any of the following purposes:

(i)

a charitable purpose:

(ii)

a non-commercial purpose that is beneficial to the whole or a section of the community:

(iii)

promoting, controlling, and conducting race meetings under the Racing Act 2003, including the payment of stakes:

(iv)

an electioneering purpose:

(b)

for class 4 gambling, any of the purposes specified in paragraph (a)(i) to (iii)