Mikie Posted October 9, 2020 Share Posted October 9, 2020 I'm not having a laugh Although unbelievable, the strong rumour is that one of the TAB Managers who was recently let go, is the favourite for the CEO's job at HRNZ God help us Mikie 1 Quote Link to comment Share on other sites More sharing options...
Noodlum Posted October 9, 2020 Share Posted October 9, 2020 Surely not Seville. Quote Link to comment Share on other sites More sharing options...
Mikie Posted October 9, 2020 Author Share Posted October 9, 2020 (edited) 15 minutes ago, Noodlum said: Surely not Seville. I think it's spelt Saville and he is going to depart, he hasn't departed as yet So no, not him Noodlum Mikie Edited October 9, 2020 by Mikie Quote Link to comment Share on other sites More sharing options...
Brodie Posted October 9, 2020 Share Posted October 9, 2020 48 minutes ago, Mikie said: I think it's spelt Saville and he is going to depart, he hasn't departed as yet So no, not him Noodlum Mikie GW? 1 Quote Link to comment Share on other sites More sharing options...
Mikie Posted October 9, 2020 Author Share Posted October 9, 2020 7 minutes ago, Brodie said: GW? Yes, unbelievable Do we just regurgitate them, like a never ending chain? Mikie 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted October 9, 2020 Share Posted October 9, 2020 Gary Woodham? https://nz.linkedin.com/in/gary-woodham-2814b75 Quote Link to comment Share on other sites More sharing options...
Brodie Posted October 9, 2020 Share Posted October 9, 2020 Would seem very odd, as it has been the NZ TAB that has totally stuffed NZ Racing over recent years due to the suits very poor decisions. The TAB has stifled betting on harness racing in recent years and then now HRNZ would have someone go into bat for harness racing to hopefully increase turnover, so that stakes can be maintained! Perhaps, the appointee would see it from the other side and see just how poor the NZ TAB has treated its customers? Hopefully the appointee has got harness racing in their best interests and gets the changes done, that are required? There are many as some of us already know! The appointee would not have to be that flash to be better than our current part time CEO, that has not achieved a single thing for harness racing since keeping the seat cold! May HRNZ appoint someone who is going to make a big difference and earn their big pay salary! ! 1 Quote Link to comment Share on other sites More sharing options...
Mikie Posted October 30, 2020 Author Share Posted October 30, 2020 (edited) All the rumours confirmed Mikie Edited October 30, 2020 by Mikie 1 Quote Link to comment Share on other sites More sharing options...
JJ Flash Posted October 30, 2020 Share Posted October 30, 2020 (edited) On 9/10/2020 at 9:04 PM, Brodie said: Perhaps, the appointee would see it from the other side and see just how poor the NZ TAB has treated its customers? Latest numbers dont look too bad to me but lets not get facts in the way of a good repetitive moan Mr Brodie Note the GBR which is where the new Board and Management are concentrating on. GW will surely know all about that " September Wagering Performance Highlights Turnover of $210.7m was $34.4m above budget and $25.9m above last year. Strong performance against budget was driven by all products; sport +$19.0m, international racing +$11.4m and domestic racing was +$1.6m and VIP +$2.4m. Gross Betting Revenue (GBR) of $34.6m was $7.2m above budget and $5.4m above last year at a margin of 16.4%. Domestic racing accounted for $61m in turnover, with overseas racing making up $82m of the month’s total turnover and sport delivering $68m in turnover. Edited October 30, 2020 by JJ Flash Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted October 30, 2020 Share Posted October 30, 2020 25 minutes ago, JJ Flash said: Latest numbers dont look too bad to me but lets not get facts in the way Do you get paid for this propaganda? Detail is not one of your fortes is it JJ? The turnover is being driven by Sports betting and International racing. Domestic racing turnover is running a poor third. Now we know that the margin on International racing is poor and that Sports revenue doesn't go to racing. So it isnt that good is it? Especially when the return to those providing the product is LESS than last year. Gross Betting Turnover is NOT the key figure to focus on. The key figure is NET revenue and when you subtract the transfer of costs to the codes we are behind. Your answer to that JJ? 2 Quote Link to comment Share on other sites More sharing options...
Brodie Posted October 30, 2020 Share Posted October 30, 2020 Chief is correct! Bearing in mind free bets etc.will have a bearing in turnover! Imagine how much more the turnover would be if the NZ TAB actually allowed punters to offload, rather than restricting them to bugger all? When I look at the tote dividends, a lot of the time I just wonder why punters still bother with the tote? The TAB doesnt care at all about our local product, as long as they hold their jobs! Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted October 30, 2020 Share Posted October 30, 2020 1 hour ago, JJ Flash said: domestic racing was +$1.6m If we take an average gross yield of 17% then we are talking about $270K extra for the month. That's gross NOT net so we could probably halve that again. Now that "extra" has to fund marketing by the codes! Yep brilliant strategy - cut costs by shifting them elsewhere but still within the industry......at the end of the day it doesn't mean any more revenue to those that provide the product let alone pay for the increase in operational tracks (e.g. AWT maintenance). 1 hour ago, JJ Flash said: VIP +$2.4m I assume this means turnover from VIP punters? If so it is a nonsense statistic. For all we know those "special" VIP's might be net winners i.e. they pocket more than they turnover! Yep Flash another stunning financial analysis from you - yeah na! 1 Quote Link to comment Share on other sites More sharing options...
Mikie Posted October 30, 2020 Author Share Posted October 30, 2020 JJ Flash seems to pop up whenever there is a Press Release that appears ok, after the spin is put on it He disappears when it is pointed out that the RITA Board took nearly 2 years to do anything I think that the analysis provided by the Chief is too complicated for JJ Flash to follow I'll try to give a more simple explanation (if I'm allowed, I'm just a shit stirrer though) Option #1: I own a lawn mower. The lawn mower has no petrol in it. My friend wants me to mow his paddock so he puts $50 of petrol in my lawn mower. I mow and mow and mow until I run out of petrol. My friend is happy with me and pays me $100. I go home happy because I have $100 to buy dinner with. Oh joyous days Option #2: I own a lawn mower. The lawn mower has no petrol in it. I fill it up myself and it costs me $50. I mow my friend's paddock until I run out of petrol. My friend gives me $130. I go home happy because I have $130 Now according to JJ Flash Option #2 is the best because I received 30% more than I did in Option #1 Mikie 4 Quote Link to comment Share on other sites More sharing options...
Mikie Posted October 30, 2020 Author Share Posted October 30, 2020 On 10/9/2020 at 4:57 PM, Mikie said: I'm not having a laugh Although unbelievable, the strong rumour is that one of the TAB Managers who was recently let go, is the favourite for the CEO's job at HRNZ God help us Mikie I should probably add that I am not au fait with GW's strengths or abilities The performance of the TAB whist he was in a Senior Management role, plus the fact he was cut from the new leadership group don't fill me with inspiration On the other hand he may have been hamstrung whilst at the TAB and nothing that went wrong was his fault, and he may have volunteered for redundancy knowing that he was going to get this job Who knows? Let's see what we think in a year's time Mikie Quote Link to comment Share on other sites More sharing options...
mikeynz Posted October 30, 2020 Share Posted October 30, 2020 Some of these people who are in their suit wearing jobs just go from one job to another,could you really imagine them milking cows,crutching sheep,driving a tractor or truck,not flipping likely. Quote Link to comment Share on other sites More sharing options...
mikeynz Posted October 30, 2020 Share Posted October 30, 2020 37 minutes ago, Mikie said: I should probably add that I am not au fait with GW's strengths or abilities The performance of the TAB whist he was in a Senior Management role, plus the fact he was cut from the new leadership group don't fill me with inspiration On the other hand he may have been hamstrung whilst at the TAB and nothing that went wrong was his fault, and he may have volunteered for redundancy knowing that he was going to get this job Who knows? Let's see what we think in a year's time Mikie Many people in many positions are hamstrung in jobs,tell me about it. 1 Quote Link to comment Share on other sites More sharing options...
Brodie Posted October 31, 2020 Share Posted October 31, 2020 (edited) Hopefully the new CEO is going to be based fulltime in ChCh! If he is allowed to remain in Wellington it willl just be an absolute waste of time And money!! Let us all hope that this works as otherwise harness is going to battle! The thing that has be baffled is that surely harness racing needs a CEO that is wanting harness to flourish and for this we need punters offloading! Mystifying is that the TAB suits do not like harness punters and so it seems very hard to understand how they have appointed a flrmer exec from the TAB? Hopefully it is a great decision? Edited October 31, 2020 by Brodie Quote Link to comment Share on other sites More sharing options...
hunterthepunter Posted October 31, 2020 Share Posted October 31, 2020 4 hours ago, Mikie said: JJ Flash seems to pop up whenever there is a Press Release that appears ok, after the spin is put on it He disappears when it is pointed out that the RITA Board took nearly 2 years to do anything I think that the analysis provided by the Chief is too complicated for JJ Flash to follow I'll try to give a more simple explanation (if I'm allowed, I'm just a shit stirrer though) Option #1: I own a lawn mower. The lawn mower has no petrol in it. My friend wants me to mow his paddock so he puts $50 of petrol in my lawn mower. I mow and mow and mow until I run out of petrol. My friend is happy with me and pays me $100. I go home happy because I have $100 to buy dinner with. Oh joyous days Option #2: I own a lawn mower. The lawn mower has no petrol in it. I fill it up myself and it costs me $50. I mow my friend's paddock until I run out of petrol. My friend gives me $130. I go home happy because I have $130 Now according to JJ Flash Option #2 is the best because I received 30% more than I did in Option #1 Mikie j flash always pops up when there is a press release . watch him he fartstoomuch Quote Link to comment Share on other sites More sharing options...
JJ Flash Posted October 31, 2020 Share Posted October 31, 2020 (edited) On 31/10/2020 at 9:06 AM, Chief Stipe said: Your answer to that JJ? No matter what TAB do or results they publish you will bag them . You get the prize for being 100% consistent. The figures are there for all to see, You moan when they didn't produce numbers now they are published you still moan. You see then one way others another. As fixed costs are pretty well contained GBM is the metric the current NZTAB now obviously want to focus on re results and outcomes. Most bookies overseas use same metric but you obviously know more than them being an ex senior Manager Greg Edited October 31, 2020 by JJ Flash Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted October 31, 2020 Share Posted October 31, 2020 11 minutes ago, JJ Flash said: GBM is the metric the current NZTAB now obviously want to focus on re results and outcomes. Most bookies overseas use same metric but you obviously know more than them being an ex senior Gross Betting Revenue is meaningless on its own. Net revenue and yield are the key metrics. We all hope that you are the only one focussed on Gross Turnover. As I've said before the detail escapes you. The result for September is at best neutral overall. The poor performer is NZ Domestic turnover which is the higher yield product. Higher sports turnover doesn't help racing. Quote Link to comment Share on other sites More sharing options...
mikeynz Posted October 31, 2020 Share Posted October 31, 2020 32 minutes ago, Chief Stipe said: Gross Betting Revenue is meaningless on its own. Net revenue and yield are the key metrics. We all hope that you are the only one focussed on Gross Turnover. As I've said before the detail escapes you. The result for September is at best neutral overall. The poor performer is NZ Domestic turnover which is the higher yield product. Higher sports turnover doesn't help racing. High sports turnover may not help racing but maybe it may make the overall state of affairs better. Quote Link to comment Share on other sites More sharing options...
JJ Flash Posted November 1, 2020 Share Posted November 1, 2020 2 hours ago, Chief Stipe said: The poor performer is NZ Domestic turnover which is the higher yield product. We all know domestic racing , especially Harness is in massive decline and has been for years. Poor governance and amateur's pretending to be professional. Further, Kiwi's are not in the same league as Ozzies and Asians in terms of horse gambling. Firstly Lotto, then Casinos and Pokies in Pubs have far more domestic appeal nowadays and there is only so much disposable income Gallops are slightly better but propped up by extensive profitable sales offshore which Harness will never match as its not a national sport let alone an international one. If you think other wise your delusional Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted November 1, 2020 Share Posted November 1, 2020 2 hours ago, mikeynz said: High sports turnover may not help racing but maybe it may make the overall state of affairs better. Sports turnover profit is distributed to Sports. Racing does not benefit. 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted November 1, 2020 Share Posted November 1, 2020 21 minutes ago, JJ Flash said: If you think other wise your delusional So basically you agreeing that the results need to improve substantially if racing whatever the code is going to get more stakes distributed. Quote Link to comment Share on other sites More sharing options...
mikeynz Posted November 1, 2020 Share Posted November 1, 2020 38 minutes ago, JJ Flash said: We all know domestic racing , especially Harness is in massive decline and has been for years. Poor governance and amateur's pretending to be professional. Further, Kiwi's are not in the same league as Ozzies and Asians in terms of horse gambling. Firstly Lotto, then Casinos and Pokies in Pubs have far more domestic appeal nowadays and there is only so much disposable income Gallops are slightly better but propped up by extensive profitable sales offshore which Harness will never match as its not a national sport let alone an international one. If you think other wise your delusional Historically harness racing has always been a poorer cousin to the gallops so really nought really changes,but gee it's just about non existent in some places now. Quote Link to comment Share on other sites More sharing options...
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