Chief Stipe Posted June 28, 2022 Share Posted June 28, 2022 We await with bated breath. Quote Link to comment Share on other sites More sharing options...
mikeynz Posted June 29, 2022 Share Posted June 29, 2022 What are you expecting, a massive increase in betting on e sports,where the people playing are strangely the same people betting😅 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted July 1, 2022 Author Share Posted July 1, 2022 TAB NZ Trading Performance Update - May 2022 1 July 2022 TAB New Zealand (TAB NZ) provides the tenth monthly trading update for the 2021/2022 financial year, with the results and highlights for May 2022. The TAB continued to operate successfully through its online and retail channels throughout May. The impact of the current Omicron outbreak eased slightly compared to April, with New Zealand at the Orange setting in the Covid-19 Protection Framework. This led to an uplift in foot traffic in the retail and hospitality sector through May, although not to the same levels of 12 months ago. Turnover dipped against budget in May, with the gross betting margin also slightly below budget, while softening economic conditions also played a factor as customers adjusted to the rising cost of living. The TAB NZ Board has been able to maintain betting profit distributions at budgeted levels through the year to date. With funding from Betting Information Use Charges and the Betting Levy tracking above budget, this has meant that total distributions have been above budgeted expectations. The Board will continue to factor in potential developments in New Zealand’s response to Covid-19 and the current global financial climate, as to how trading conditions are affected and how this may or may not affect profit distributions. Wagering Performance Summary In May, the key performance results for TAB NZ were in line with the overall positive trends of the 2021/22 financial year. Turnover of $202.7m was 3.6% ($7.5m) below budget and gross betting revenue (GBR) of $32.0m was down on budget by 4.4% ($1.5m). The gross betting margin (GBM) of 15.8% was 0.1% below budget. Racing Average NZ thoroughbred starters per race was 10.7, slightly above the Year To Date (YTD) average of 10.6, while the peak turnover for a domestic meeting was $1.9m on 14 May for the Campbell’s Infrastructure Cup Day at Arawa Park. Harness average starters per race was 9.8, below the YTD average of 10.2, while the peak meeting turnover of $1.1m was on 5 May at Addington. For greyhound racing, the average starters per race was 7.5, slightly below the YTD average of 7.6, while the peak turnover for a domestic meeting was $453k on 13 May at Addington. Sport The top sporting event by turnover for April was the Warriors vs Sharks NRL match on the 8th May at $0.58m. Tennis was the leading in-play sporting code accounting for 25% of in-play turnover while Rugby League was the top pre-match sporting code accounting for 24% of pre-match turnover. May Operational Performance Reported Profit for the month was $10.8m, which was $2.4m below Budget. Operating Expenses were $10.6m for the month, which was $0.4 above Budget. Year To Date (1 Aug 2021 to 31 May 2022) Reported Profit was $135.2m, which was $1.6m below Budget and $12.0m below last year. Year To Date (1 Aug 2021 to 31 May 2022) Operating Expenses were $97.0m, which was $3.3m below Budget and $2.3m above last year. May Distributions Racing Codes were paid $13.8m in distributions and other payments for May, versus $13.6m budgeted. This consisted of TAB NZ Betting Profit (listed as Fixed Distribution in the table below), offshore bookmaker commission fees, which are based on actual turnover (termed Betting Information Use Charges (BIUC) in the table below), and Betting Duty/Levy repeal. Top 10 Racing events by turnover Date Venue Race No. Race description Turnover 28-May Eagle Farm R9 TAB Kingsford-Smith Cup (G1) $328K 28-May Eagle Farm R8 Moet & Chandon Queensland Derby (G1) $324K 14-May Arawa Park R6 Campbell Infrastructure Rotorua Cup (G3) $320K 21-May Te Rapa R5 Dunstan Horsefeeds 1300 $317K 21-May Trentham R8 James Bull Holdings Rangitikei Gold Cup $307K 21-May Te Rapa R8 The Animal Feed Barn Mile $290K 14-May Arawa Park R8 Rydges Rotorua Stakes (G3) Quote Link to comment Share on other sites More sharing options...
1 July 2022 TAB New Zealand (TAB NZ) provides the tenth monthly trading update for the 2021/2022 financial year, with the results and highlights for May 2022. The TAB continued to operate successfully through its online and retail channels throughout May. The impact of the current Omicron outbreak eased slightly compared to April, with New Zealand at the Orange setting in the Covid-19 Protection Framework. This led to an uplift in foot traffic in the retail and hospitality sector through May, although not to the same levels of 12 months ago. Turnover dipped against budget in May, with the gross betting margin also slightly below budget, while softening economic conditions also played a factor as customers adjusted to the rising cost of living. The TAB NZ Board has been able to maintain betting profit distributions at budgeted levels through the year to date. With funding from Betting Information Use Charges and the Betting Levy tracking above budget, this has meant that total distributions have been above budgeted expectations. The Board will continue to factor in potential developments in New Zealand’s response to Covid-19 and the current global financial climate, as to how trading conditions are affected and how this may or may not affect profit distributions. Wagering Performance Summary In May, the key performance results for TAB NZ were in line with the overall positive trends of the 2021/22 financial year. Turnover of $202.7m was 3.6% ($7.5m) below budget and gross betting revenue (GBR) of $32.0m was down on budget by 4.4% ($1.5m). The gross betting margin (GBM) of 15.8% was 0.1% below budget. Racing Average NZ thoroughbred starters per race was 10.7, slightly above the Year To Date (YTD) average of 10.6, while the peak turnover for a domestic meeting was $1.9m on 14 May for the Campbell’s Infrastructure Cup Day at Arawa Park. Harness average starters per race was 9.8, below the YTD average of 10.2, while the peak meeting turnover of $1.1m was on 5 May at Addington. For greyhound racing, the average starters per race was 7.5, slightly below the YTD average of 7.6, while the peak turnover for a domestic meeting was $453k on 13 May at Addington. Sport The top sporting event by turnover for April was the Warriors vs Sharks NRL match on the 8th May at $0.58m. Tennis was the leading in-play sporting code accounting for 25% of in-play turnover while Rugby League was the top pre-match sporting code accounting for 24% of pre-match turnover. May Operational Performance Reported Profit for the month was $10.8m, which was $2.4m below Budget. Operating Expenses were $10.6m for the month, which was $0.4 above Budget. Year To Date (1 Aug 2021 to 31 May 2022) Reported Profit was $135.2m, which was $1.6m below Budget and $12.0m below last year. Year To Date (1 Aug 2021 to 31 May 2022) Operating Expenses were $97.0m, which was $3.3m below Budget and $2.3m above last year. May Distributions Racing Codes were paid $13.8m in distributions and other payments for May, versus $13.6m budgeted. This consisted of TAB NZ Betting Profit (listed as Fixed Distribution in the table below), offshore bookmaker commission fees, which are based on actual turnover (termed Betting Information Use Charges (BIUC) in the table below), and Betting Duty/Levy repeal. Top 10 Racing events by turnover Date Venue Race No. Race description Turnover 28-May Eagle Farm R9 TAB Kingsford-Smith Cup (G1) $328K 28-May Eagle Farm R8 Moet & Chandon Queensland Derby (G1) $324K 14-May Arawa Park R6 Campbell Infrastructure Rotorua Cup (G3) $320K 21-May Te Rapa R5 Dunstan Horsefeeds 1300 $317K 21-May Trentham R8 James Bull Holdings Rangitikei Gold Cup $307K 21-May Te Rapa R8 The Animal Feed Barn Mile $290K 14-May Arawa Park R8 Rydges Rotorua Stakes (G3)
Chief Stipe Posted July 1, 2022 Author Share Posted July 1, 2022 Not good. Tracking below budget and don't forget they are budgeted to distribute less than last year and 2019. So what did Mr MacKenzie really do? Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted July 1, 2022 Author Share Posted July 1, 2022 There is also severe pressure on the RIB source of funds from Pokies. So it wouldn't be unexpected for the codes to have to dip into their distributions from the TAB to fund it. Also some tasks have been shifted off the TAB balance sheet and onto the codes e.g. code promotion and marketing. More pressure on Stakes. Quote Link to comment Share on other sites More sharing options...
Doomed Posted July 1, 2022 Share Posted July 1, 2022 18 minutes ago, Chief Stipe said: There is also severe pressure on the RIB source of funds from Pokies. So it wouldn't be unexpected for the codes to have to dip into their distributions from the TAB to fund it. Also some tasks have been shifted off the TAB balance sheet and onto the codes e.g. code promotion and marketing. More pressure on Stakes. Don't worry Chief, the codes don't bother with promotion and marketing. You can tell that by looking at the stands on raceday. So that is one saving. 1 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted July 1, 2022 Author Share Posted July 1, 2022 3 minutes ago, Doomed said: Don't worry Chief, the codes don't bother with promotion and marketing. You can tell that by looking at the stands on raceday. So that is one saving. Will the moves by Ozzie State Governments to increase Point Of Consumption taxes impact race import/export revenue? Quote Link to comment Share on other sites More sharing options...
Freda Posted July 1, 2022 Share Posted July 1, 2022 Would have to, wouldn't it? Quote Link to comment Share on other sites More sharing options...
nomates Posted July 1, 2022 Share Posted July 1, 2022 So everything tracking " tickety boo " then . The future is bright . 1 Quote Link to comment Share on other sites More sharing options...
Joe Bloggs Posted July 1, 2022 Share Posted July 1, 2022 37 minutes ago, nomates said: So everything tracking " tickety boo " then . The future is bright . It appears so, time to put a few into work? Go on, you know you want to, #moneymoneymoney 1 2 Quote Link to comment Share on other sites More sharing options...
nomates Posted July 2, 2022 Share Posted July 2, 2022 27 minutes ago, Joe Bloggs said: It appears so, time to put a few into work? Go on, you know you want to, #moneymoneymoney I will if you will . You bloody well know i want to , one big stumbling block , the one holding my leash . Oh , and the #moneymoneymoney . 1 1 Quote Link to comment Share on other sites More sharing options...
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