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Bit Of A Yarn

Finally CEO announcement! Not great news though!!


Brodie

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1 minute ago, Noodlum said:

Yeah and who started that bullshit fest?  None other than the RIU who have not yet succeeded in any case proving there was race fixing!

Perception and reality are not good bedfellows where the media are concerned or are you really that naive. Go away and have a cuppa and a lie down

 

Greg

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4 minutes ago, Chief Stipe said:

On Aussie races obviously.

Correct, i am multi coded , i hope your ok with that.

 

4 minutes ago, Chief Stipe said:

Is it a pathological need to be seen and heard?

You sum yourself up well , thats probably why you and Leo get on so well. Shit hes saying more or less what you are on certain matters of late and vice versa

 

Are you going to give me back my PM function or are you being mean and holding back.

 

Greg

Edited by JJ Flash
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4 minutes ago, Chief Stipe said:

Yeah well the rest of us were watching the Waikato Steeplechase.

As for your PM function - why do you need it?  

I was helping out someone at the time of its removal

 

You clearly are not going to and simply trolling every post i make so dont worry about it .

As for your earlier challenge when i was responding to Brodies post , note Brodie not you

 

"

1 August 2019

From 1 August 2019 customers of the TAB who want to bet or collect $1,000 or more at a TAB site or at a race meeting will be required by law to verify themselves using their TAB account or ‘Punters Pass’ - a card the TAB issues to customers who use cash and have had their identity previously verified. 

The Punters Pass is one of a range of systems and processes the TAB has put in place to comply with legislative changes to the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT). 

“Over the past twelve months the TAB has been working hard to understand where our risks of money laundering are, in preparation for meeting the requirements of the new legislation,” says TAB General Manager Customer Gary Woodham. 

Edited by JJ Flash
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7 minutes ago, JJ Flash said:

I was helping out someone at the time of its removal

 

Well I'm sure your help can continue through normal channels like - phones, personal email, etc.

8 minutes ago, JJ Flash said:

1 August 2019

From 1 August 2019 customers of the TAB who want to bet or collect $1,000 or more at a TAB site or at a race meeting will be required by law to verify themselves using their TAB account or ‘Punters Pass’ - a card the TAB issues to customers who use cash and have had their identity previously verified. 

The law doesn't say that.

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23 hours ago, Brodie said:

Phil Holden CEO of HRNZ has finally made the announcement that was due last week, but unfortunately he has not got great news!

Firstly the stake  money available from the TAB for racing at $139m is the same as last year, however harness racing is going to receive 7% less, because their turnover was down compared to greyhound racing!
This can be majorly contributed to the fact that the NZ TAB has restricted the Brodster So much that he hardly ever bothers!

Secondly, the socalled Anti Money Laundering Bill has also majorly affected turnover so much, so that what the Brodster has said on several times, clearly shows that once again he is on the money!!

The fact is that the reduction in turnover on harness is solely due to the NZ TAB making stupid decisions!!!

To improve turnover they Need to encourage punters by getting rid of the restrictions and then the AML restrictions will not matter !

The other major decision by the TAB is that instead of paying the harness clubs as they go, they are going to be making the payments one month after!!!

This is going to severely affect the drivers and drivers funds!!!

Things are going from bad to worse for everyone!
 

 

 

 

Brodie

There is no need to worry

Phil has got this

His advice is brilliant "Let's run 25% less races then stakes can increase by 33%"

Or "let's run 50% less races then stakes can increase by 100%"

Or even better "let's run 75% less races then stakes can increase by 400%"

And you think I'm joking

Mikie

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1 hour ago, JJ Flash said:

 

As i posted elsewhere i  know of 4 punters who wont touch harness now and they previously would be in the 5-10K a week spend.

There's that smell again!!!   B.S!!!!!

 

1 hour ago, Chief Stipe said:

Can you show us where in the law it states this?

LIke most things with JJ and his Harry Potter wand It        ` appears then disappears`    depending on the context and who's asking!!!

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1 hour ago, Mikie said:

Brodie

There is no need to worry

Phil has got this

His advice is brilliant "Let's run 25% less races then stakes can increase by 33%"

Or "let's run 50% less races then stakes can increase by 100%"

Or even better "let's run 75% less races then stakes can increase by 400%"

And you think I'm joking

Mikie

Brilliance!

I'm even more assured Phil will sort out Harness racing. 9_9

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2 hours ago, JJ Flash said:

I was helping out someone at the time of its removal

 

You clearly are not going to and simply trolling every post i make so dont worry about it .

As for your earlier challenge when i was responding to Brodies post , note Brodie not you

 

"

1 August 2019

From 1 August 2019 customers of the TAB who want to bet or collect $1,000 or more at a TAB site or at a race meeting will be required by law to verify themselves using their TAB account or ‘Punters Pass’ - a card the TAB issues to customers who use cash and have had their identity previously verified. 

The Punters Pass is one of a range of systems and processes the TAB has put in place to comply with legislative changes to the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT). 

“Over the past twelve months the TAB has been working hard to understand where our risks of money laundering are, in preparation for meeting the requirements of the new legislation,” says TAB General Manager Customer Gary Woodham. 

The $1000 limit was brought in by the NZ TAB, despite them wanking on about it being the Department of Internal Affairs!

It was the TAB that have used the AML so they can have control of anyone that is winning, so they can shut them down!
No one in their right mind could possibly believe that money launderers are going to gamble a $1000 on a racehorse when there are far easier and safer ways of doing !

FFS $1000 in todays money is nothing and yet the TAB want to know who has spent a couple of dollars and got a $1000 trIfecta.

The amount for money laundering used to be $10k but it was lowered to next to nothing.

If someone is suspected of laundering money then report them and have it investigated, but to have such a pathetically low limit is just blatant BS!
Punters need to be examined if they wager or collect $1000, yet the executive of the TAB are paid $700k, and not be held To any examination!,

Is there any wonder that the TAB has gone downhill, and will continue to, unless they alter their business plan 

 

Edited by Brodie
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9 hours ago, Chief Stipe said:

Well I'm sure your help can continue through normal channels like - phones, personal email, etc.

The law doesn't say that.

Did the TAB come up with $1k as I note casinos can cash payout  $6 k - why didn’t TAB follow suit .?

Edited by LongOwner
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25 minutes ago, LongOwner said:

Did the TAB come up with $1k as I note casinos can cash payout  $6 k - why didn’t TAB follow suit .?

Longowner, The TAB is talking BS when they say they wanted a higher limit for the AML act!

It is so that they have control Over all punters!

The fact that they want to identify punters who collect over $1000 rather than offload $1000 clearly shows that!

I have it on very good authority that turnover from big bets dropped off significantly after they brought in the $1k limit, which in this day and age is just pathetic.

I personally know of many punters who used to go to Addington oncourse every meeting do not bother anymore, for a variety of reasons.

 

 

Edited by Brodie
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7 hours ago, LongOwner said:

Did the TAB come up with $1k as I note casinos can cash payout  $6 k - why didn’t TAB follow suit .?

The previous management team agreed to it after consultations with DIA. As i posted earlier its the law despite what some think. Personally i think 10K would be a more reasonable amount but that's not happening at this stage.

 

Greg

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6 hours ago, Brodie said:

personally know of many punters who used to go to Addington oncourse every meeting do not bother anymore, for a variety of reasons

AML not likely to be high on the list of reasons Brodie. A few of the bigger players i know gave up after the Nelson INCA race  whilst others got the stitch over continual bad press,associated integrity issues and poor governance at the top table . Sad but true.

TB"s clean sheet so to speak has seen them hold their own and attract some new participants. One only has to look at the momentum of BGP and their impact on turnover.

 

Greg

Edited by JJ Flash
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12 minutes ago, JJ Flash said:

The previous management team agreed to it after consultations with DIA. As i posted earlier its the law despite what some think. Personally i think 10K would be a more reasonable amount but that's not happening at this stage.

 

Greg

It is NOT the law.  Post the relevant piece of legislation to prove it!

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