JJ Flash Posted July 27, 2021 Share Posted July 27, 2021 (edited) 12 minutes ago, Chief Stipe said: No it isn't. That's just a promise. A promise without many reserves in the kitty and still a significant amount of debt. But I guess these types of nuances are beyond you. The latest funding model has been agreed to by the HRNZ Board after TAB NZ allocated $173.6m for the new season (August 1, 2021 – July 31, 2022), following a buoyant trading year where they have tracked well above budget. Harness Racing will receive $46.2m, $3.1m more than it did for the corresponding 12 months. Of that $3.1m, the majority ($2.7m) is budgeted for increased stakes. Either you or GW is wrong , methinks you cant read , its been allocated and will no doubt be paid out fortnightly as is now the case Edited July 27, 2021 by JJ Flash Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted July 27, 2021 Author Share Posted July 27, 2021 7 minutes ago, JJ Flash said: Either you or GW is wrong , methinks you cant read , its been allocated and will no doubt be paid out fortnightly as is now the case So are you saying that NZRB/RITA/NZTAB have $173m in the bank at the moment? 1 Quote Link to comment Share on other sites More sharing options...
Rangatira Posted July 28, 2021 Share Posted July 28, 2021 34 minutes ago, Chief Stipe said: So are you saying that NZRB/RITA/NZTAB have $173m in the bank at the moment? Long as they have $7m each fortnight it will be all tickety boo. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted July 28, 2021 Author Share Posted July 28, 2021 3 minutes ago, Rangatira said: Long as they have $7m each fortnight it will be all tickety boo. Some us can remember where we have been before with Stakes promises come the end of the season. Quote Link to comment Share on other sites More sharing options...
Rangatira Posted July 28, 2021 Share Posted July 28, 2021 I am looking forward to The Galahs next tip. Quote Link to comment Share on other sites More sharing options...
Huey Posted July 28, 2021 Share Posted July 28, 2021 3 hours ago, JJ Flash said: The latest funding model has been agreed to by the HRNZ Board after TAB NZ allocated $173.6m for the new season (August 1, 2021 – July 31, 2022), following a buoyant trading year where they have tracked well above budget. Harness Racing will receive $46.2m, $3.1m more than it did for the corresponding 12 months. Of that $3.1m, the majority ($2.7m) is budgeted for increased stakes. Either you or GW is wrong , methinks you cant read , its been allocated and will no doubt be paid out fortnightly as is now the case "Fairy Flash" what is your prediction for distribution over the next couple of years? Will they beat this years , I mean actuals not budgeted figures? Quote Link to comment Share on other sites More sharing options...
nomates Posted July 28, 2021 Share Posted July 28, 2021 26 minutes ago, Huey said: "Fairy Flash" what is your prediction for distribution over the next couple of years? Will they beat this years , I mean actuals not budgeted figures? If you were a positive person you wouldn't even have to ask that question , it is a given . Now go back to your studies , and no more silly questions . 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted July 28, 2021 Author Share Posted July 28, 2021 4 hours ago, JJ Flash said: Harness Racing will receive $46.2m, $3.1m more than it did for the corresponding 12 months. Of that $3.1m, the majority ($2.7m) is budgeted for increased stakes. So what are they spending the $400k on? Marketing their product? As an aside didn't @JJ Flash predict that Harness Racing were going to get their funding cut? Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted July 28, 2021 Author Share Posted July 28, 2021 4 hours ago, Rangatira said: Long as they have $7m each fortnight it will be all tickety boo. Or about $115m in turnover. How much did Cambridge turnover today? Quote Link to comment Share on other sites More sharing options...
nomates Posted July 28, 2021 Share Posted July 28, 2021 7 minutes ago, Chief Stipe said: Or about $115m in turnover. How much did Cambridge turnover today? I think the Olympics will be helping this fortnights sub's . Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted July 28, 2021 Author Share Posted July 28, 2021 1 minute ago, nomates said: I think the Olympics will be helping this fortnights sub's . I realise there may be some sarcasm in your post.....but given that each of the sports represented at the Olympics have National Organisations in NZ then any additional revenue from the Olympics will be going directly to those Organisations. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted July 28, 2021 Author Share Posted July 28, 2021 I'm obviously not as adept as @JJ Flash had seeing the positividdy in the TAB accounts nor it would seem very good with numbers.... Can anyone else see the discrepancies in the reported June figures? They don't seem to add up to me but then I might be missing something. Quote Link to comment Share on other sites More sharing options...
nomates Posted July 28, 2021 Share Posted July 28, 2021 2 minutes ago, Chief Stipe said: I realise there may be some sarcasm in your post.....but given that each of the sports represented at the Olympics have National Organisations in NZ then any additional revenue from the Olympics will be going directly to those Organisations. Not sure of the cuts but i don't believe that each sport gets all profits from any investments on their sport , this is why they push sports betting so much , it's profits get put back towards subsidizing the 3 codes . Don't know all the specifics but racing certainly profits from sports betting . Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted July 28, 2021 Author Share Posted July 28, 2021 1 minute ago, nomates said: Not sure of the cuts but i don't believe that each sport gets all profits from any investments on their sport , this is why they push sports betting so much , it's profits get put back towards subsidizing the 3 codes . Don't know all the specifics but racing certainly profits from sports betting . No my understanding that is not the case. The only revenue from sport that goes into the subsidy pot is for those that don't have National Organisations. Quote Link to comment Share on other sites More sharing options...
nomates Posted July 28, 2021 Share Posted July 28, 2021 25 minutes ago, Chief Stipe said: No my understanding that is not the case. The only revenue from sport that goes into the subsidy pot is for those that don't have National Organisations. Well i don't see the point of the TAB doing , their job is to gain revenue for racing , taking betting on other sports purely for them isn't their brief . And why would they take betting on sports that don't have a national body , who's negotiating and signing off on contracts for those sports . The TAB will surely be taking a bigger slice of each dollar invested on sport otherwise pointless . But i'm sure there is someone who will put us straight . Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted July 28, 2021 Author Share Posted July 28, 2021 2 minutes ago, nomates said: Well i don't see the point of the TAB doing , their job is to gain revenue for racing , taking betting on other sports purely for them isn't their brief . Did you miss reading the new Racing Act? 3 minutes ago, nomates said: And why would they take betting on sports that don't have a national body , who's negotiating and signing off on contracts for those sports . Revenue and cost subsidisation. During Covid they ran books on Handball or some such sports. Probably built into the wagering system and they just turn on the odds from Paddy Power. Quote Link to comment Share on other sites More sharing options...
nomates Posted July 28, 2021 Share Posted July 28, 2021 1 minute ago, Chief Stipe said: Did you miss reading the new Racing Act? 6 minutes ago, nomates said: Yeah , every word , not . Well if we're relying purely on racing turnover to fund racing then we're F@#ked . 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted July 28, 2021 Author Share Posted July 28, 2021 Just now, nomates said: Yeah , every word , not . Well if we're relying purely on racing turnover to fund racing then we're F@#ked . That's why I'm not as optimistic as the Fairy Fantasist Flash. Also we haven't seen a decent breakdown of costs and revenue for over a year now. I just can't see where the projected increases in wagering on horse racing are going to come from. I thought the NZ market was stagnate and at an average 18% yield why would any punter with any nous spend more here? Also with Australia having enough of its own product to broadcast why would Ozzie bookies/TAB's promote NZ Racing when they now have to pay fees? Let alone the choices. Why would an Ozzie bet on a small field racing on synthetic at Cambridge when they had 3 or 4 other choices in OZ? Bear in mind that there would have been more choices but for the fact that Victoria Racing has the luxury of being able to take the week off! On a Saturday the options for the Ozzie market are even better AND getting better!!! Add to the above the fact that NZTR are now responsible for marketing the NZ Thoroughbred Racing product! 2 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted July 28, 2021 Author Share Posted July 28, 2021 Maybe they have a cunning plan..... Tabcorp strikes landmark US greyhound wagering agreement By Adam Dobbin03:40pm • 27 July 2021 4 Comments A landmark commingling agreement will see Australian greyhound racing opened up to the lucrative US wagering market for the first time. The deal struck will see Tabcorp's Sky Racing World feed vision of Australian greyhound racing into the large US audience but more importantly, American punters can now bet into Tabcorp's Australian pools via commingling. It's expected that the commingling opportunities will add some much needed volume to the local Parimutuel pools which have continued to wane during a time where Fixed Odds wagering has exploded. Adam Rytenskild, Tabcorp's Managing Director of Wagering and Media, said the deal will bring about a number of benefits for the Australian greyhound industry. “This deal will allow us to showcase greyhound racing to the massive North American market and develop new audiences with the benefits flowing back to the sport, participants and our business,” Rytenskild said. “Sky's international team works hard to ensure the best possible global distribution of all three codes of Australian racing. And this is a great example of Sky helping Australian racing to find the widest possible international audience.” Under the new deal, Sky Racing World will distribute selected races from Australian greyhound tracks into the US via Sky’s broadcast partners. The US pool on these races will be commingled with TAB's NSW greyhound racing pool. Greyhound Racing NSW (GRNSW) CEO Tony Mestrov was another to welcome the announcement. “This is a fantastic opportunity to showcase our product on such a big international stage,” Mestrov said. “Our aim is always to have our great product in as many markets as we can, and available to the widest possible audience. “This deal is another step forward in achieving that goal.” Quote Link to comment Share on other sites More sharing options...
Freda Posted July 28, 2021 Share Posted July 28, 2021 (edited) Didn't Messara favour NZTAB outsourcing/partnering with Tabcorp or similar.? Economies of scale, huge exposure, all that stuff? Edited July 28, 2021 by Freda 2 Quote Link to comment Share on other sites More sharing options...
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