holy ravioli Posted October 22, 2022 Share Posted October 22, 2022 Apparently this is the latest 'initiative' to save NZ racing t.o. 🤣 Quote Link to comment Share on other sites More sharing options...
Huey Posted October 24, 2022 Share Posted October 24, 2022 On the Geo Blocking ,Just watching Weigh In, $100m in profit p.a. ....really???  Sounds like the TAB will be entering the online casino space if this takes off, that I'd have thought isn't a can of worms we'd want to get into? Am I the only one who worries for the TAB future without competition?  Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted October 24, 2022 Share Posted October 24, 2022 1 hour ago, Huey said: On the Geo Blocking ,Just watching Weigh In, $100m in profit p.a. ....really???  Sounds like the TAB will be entering the online casino space if this takes off, that I'd have thought isn't a can of worms we'd want to get into? Am I the only one who worries for the TAB future without competition?  The NZ TAB monopoly has been the biggest problem for NZ Racing. To earn $100m profit they are talking $750m extra turnover. Dreaming! Imagine the increases in salary they will be thinking about.  I guess they'll hire a Chief Geo Blocker. 1 Quote Link to comment Share on other sites More sharing options...
Huey Posted October 24, 2022 Share Posted October 24, 2022 17 minutes ago, Chief Stipe said: The NZ TAB monopoly has been the biggest problem for NZ Racing. To earn $100m profit they are talking $750m extra turnover. Dreaming! Imagine the increases in salary they will be thinking about.  I guess they'll hire a Chief Geo Blocker. Yes that has to be a very real concern for the industry, I guess it will be seen as a bit of a bonanza and the industry will act accordingly , probably across the board, the TAB heads back to where it has just been. I'm open minded about it all , but it just seems too good to be true and I think the industry needs to commit to a raft of changes to protect or sustain itself in the future, can't see that happening. 2 Quote Link to comment Share on other sites More sharing options...
mikeynz Posted October 24, 2022 Share Posted October 24, 2022 My thoughts are simple, geo block aussie, until we can operate freely between both countrys, at present they cant bet off shore, we can, if our lot could accept aussies,(and that probably means a lot of ex kiwis) at the TAB then that seems a fairer playing field.  As for online casinos, dont worry about them, banning them wont attract new race punters but if the TAB want to run one fine, many betting sites do. But being stuck on one site only, yea nagh, this is a racing issue, should they control everything that people in NZ do as regards to their gambling, No. Might be fine for Russia or China to control people, not in godzone. Quote Link to comment Share on other sites More sharing options...
Joe Bloggs Posted October 24, 2022 Share Posted October 24, 2022 I can bet off shore from Oz Mikey, most places except NZ........that's because as I said before TAB CORP wouldn't be a party to NZ's exorbitant demands re the take outs in the co mingling pools, so that imploded......we don't have to bet off shore though, why would we? I used to have a Joe Coral account, so I could bet in the UK, now with about 30 corp bookies and TAB here, there is no need. NZ is entering very dangerous territory, it's totalitarianism that's what it is, it will become like herding cats, or it should, then maybe it will hit the fan and the fight back begins......will that happen?......I don't think so, maybe just call me on my hot line and I'll bet you best of all totes and books here, wow, now that's sounds too good to be true,......we'll just have to wait and see, shall we? 1 Quote Link to comment Share on other sites More sharing options...
NZRacing Posted October 25, 2022 Share Posted October 25, 2022 Poor buggers are dreaming to be thinking they will be collecting $100m extra a year. It's actually embarrassing that this figure could be reported to an Industry that is struggling. Whoever came up with that figure should be sacked for having no idea. I see they have put out a strategy update, obviously it was written by a comedian when you read the quotes below. Absolute dribble.  Exactly what was their focus and ambition previously? The Racing Act defines exactly what the NZ TAB's focus and ambition needs to be. Obviously previous management were a bit slow. Don't have the scale to compete on product and platform development??? So the Industry spent %50 million on a lemon betting platform and $17 million a year to maintain and upkeep and it can't compete with overseas.  It can't be that 'stateless' when the NZ TAB can't take any customers from Australia. Their plan below. Hate to think of what the plan was previously as what they have stated is just common business sense in the bookmaking world. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted October 25, 2022 Share Posted October 25, 2022 "Deliver a platform of wagering stimulus across all codes." WTF does that mean? Especially when the TAB pushed marketing of the codes out to the codes balance sheet! 1 Quote Link to comment Share on other sites More sharing options...
NZRacing Posted October 25, 2022 Share Posted October 25, 2022 Quote "Deliver a platform of wagering stimulus across all codes." WTF does that mean? Especially when the TAB pushed marketing of the codes out to the codes balance sheet! Who would know. You need a degree in bull 💩to understand what they are trying to say.   50 plus years they have had to do that, no wonder the industry is %$*#ed 1 Quote Link to comment Share on other sites More sharing options...
Joe Bloggs Posted October 25, 2022 Share Posted October 25, 2022 An old adage of mine is, ''There is none so dangerous than those that believe their own bullshit'', nothing more to add other than that as I sadly believe this behaviour is a culture problem within that edifice of mediocrity the Petone Taj Mahal, AKA NZTR. NZTAB, NZRB. 2 1 Quote Link to comment Share on other sites More sharing options...
NZRacing Posted October 27, 2022 Share Posted October 27, 2022 Another classic call from their 2-year strategy. They were in Death Valley pre covid when the Government bailed them out. They cried it was Covid that had caused their poor financial situation you wonder what they would have blamed if Covid hadn't of been able to use as a mask. Today the new claim to justify their poor effort is offshore Companies taking their business and just to intensify the scare mongering they throw out a figure of $700 million as the amount of the gambling dollar lost and its worth $100 million to the industry, they just failed to state the true facts as usual that the majority of that figure is online casino money. They don't have the scale to compete with market leaders on product and platform development. So are they are now admitting the $50 million plus cost of their lemon of a betting platform along with $17 million in annual upgrading and maintenance is better served as an anchor although technically it is as it continues to weigh down the racing Industry. No one who was involved in the purchase of that monstrosity they call a betting platform should still be employed but no doubt if they are still there, they have risen management wise 🙄 I must admit they have introduced some good promo incentives to bet with them but once they shut the gate to betting overseas, they won't have to, and they can give crap odds well crappier odds than currently offered Quote Link to comment Share on other sites More sharing options...
NZRacing Posted October 27, 2022 Share Posted October 27, 2022 Here is another bull💩 claim 'Bet 365 are acquiring 4 out of every 10 new betting customers as its highly unlikely they would have access to that type of sensitive information. . If they are acquiring that many customers, then someone is leaking them the new customer details. What about the call aging customer base aged 65 years plus with 37% growth and we can expect a sharp drop off from that group as they enter retirement. If 37% of your growth is coming from customers 65 years of older, they need to be moving out of racing and into funeral homes.   1 Quote Link to comment Share on other sites More sharing options...
NZRacing Posted October 27, 2022 Share Posted October 27, 2022 The need to start the intervention to start with sacking the idiot(s) who put this crap together. Quote Link to comment Share on other sites More sharing options...
NZRacing Posted October 27, 2022 Share Posted October 27, 2022 (edited) Â Hello, haven't they heard of the 2020 Racing Act. Edited October 27, 2022 by NZRacing 1 Quote Link to comment Share on other sites More sharing options...
curious Posted October 27, 2022 Share Posted October 27, 2022 I think they are talking about the Gambling Act, not the Racing Act. Quote Link to comment Share on other sites More sharing options...
NZRacing Posted October 27, 2022 Share Posted October 27, 2022 9 minutes ago, curious said: I think they are talking about the Gambling Act, not the Racing Act. Thanks for clarifying that. I get confused easily reading all of their waffle Quote Link to comment Share on other sites More sharing options...
Kihikihi Kid Posted October 28, 2022 Share Posted October 28, 2022 Good Grief. It's all over reading that "vision statement" Isn't that a rehash of Bayliss the coke & hookers fiends mission statement ?? It's a pity that dinosaur Peters bailed out the TAB 2 days before the Budget because it was all over red rover for the TAB. And that would have been the best thing ever, get rid of the deadshits and start from scratch. However missed that opportunity and the decline and the bullshit continues  3 Quote Link to comment Share on other sites More sharing options...
Nowornever Posted November 2, 2022 Share Posted November 2, 2022 On 24/10/2022 at 7:35 PM, Chief Stipe said: The NZ TAB monopoly has been the biggest problem for NZ Racing. To earn $100m profit they are talking $750m extra turnover. Dreaming! Imagine the increases in salary they will be thinking about.  I guess they'll hire a Chief Geo Blocker. So called "Geo blocking" has not stopped me betting on the New Zealand TAB when I am in Australia and nor will it stop me betting on the Australian sites from NZ. They are in cuckoo land to think this is the ultimate fix to their dropping yields. Quote Link to comment Share on other sites More sharing options...
holy ravioli Posted November 8, 2022 Author Share Posted November 8, 2022 High profile racing identities David Ellis and John Lindsay have come out urging the Gummint to intervene to prevent Kiwi punters betting with offshore agencies. Figures of hundreds of millions are bandied about. I recall a former head honcho of NZ racing describing punters as 'scum'. Most importantly whatever happened to Capitalism and the free market! It's supposed to be anathema to the efficient ,private sector to have' nanny state' interfering in private business. Perception and reality....people are more Socialist than they claim to be....especially when there are $$$$$$$$ involved.🤑🤪 2 1 Quote Link to comment Share on other sites More sharing options...
Freda Posted November 8, 2022 Share Posted November 8, 2022 1 hour ago, holy ravioli said: High profile racing identities David Ellis and John Lindsay have come out urging the Gummint to intervene to prevent Kiwi punters betting with offshore agencies. Figures of hundreds of millions are bandied about. Â Deluded twits. 1 Quote Link to comment Share on other sites More sharing options...
nomates Posted November 8, 2022 Share Posted November 8, 2022 45 minutes ago, Freda said: Deluded twits. Some people love believing their own press . Quote Link to comment Share on other sites More sharing options...
nomates Posted November 8, 2022 Share Posted November 8, 2022 In theory the whole geo blocking issue would be no problem if , and it's a big IF , the product they were forcing you to use was far and away superior , but if it was that superior then you wouldn't need to geo block as everyone would be using your product already . I will give them some kudos , the improvements they have made over the last couple of months as in , no deductions and provisional payouts are great , should have been implemented much sooner tho . According to Guerin on Weigh In the other night they will be here to stay . The no deductions is fantastic if you have a horse that you have identified early and are expecting scr's , for rain or such . Still a long way to go tho , the site is still a dog . And vast improvements are required in the production of race coverage on Trackside , and even tho there are still people who don't get it , radio coverage needs to be re instated , even if it is only simulcasts of the 2 Trackside channels , there is lost revenue there . The other biggie for me is getting Trackside onto free TV , this could be huge in bringing new people on board , as well as getting some of the lost customers who no longer bet due not being able to afford Sky and can't hear the races on radio , hence stopped betting . You wouldn't see Lotto sell as many tickets if the draw wasn't broadcast . 1 1 Quote Link to comment Share on other sites More sharing options...
nomates Posted November 8, 2022 Share Posted November 8, 2022 2 hours ago, holy ravioli said: Perception and reality....people are more Socialist than they claim to be....especially when there are $$$$$$$$ involved.🤑🤪 Everything changes when money is involved . Quote Link to comment Share on other sites More sharing options...
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