Special Agent Posted May 23, 2023 Author Share Posted May 23, 2023 9 minutes ago, Chief Stipe said: Yep. Who got paid shit loads? Follow the money. Who the fuck is Mike Tod and Bruce Sharrock? They are probably top choices to be running Entain in this neck of the woods. Oh and Cameron George, no show without punch. Quote Link to comment Share on other sites More sharing options...
The Centaur Posted May 23, 2023 Share Posted May 23, 2023 1 hour ago, Special Agent said: They are probably top choices to be running Entain in this neck of the woods. Oh and Cameron George, no show without punch. I notice that the CEO of Rugby NZ has resigned and also that there had been calls for his resignation for not fronting the media. I have never seen Mike Tod ever fronting the media. Also if the Entain deal was such a marvellous achievement one would have thought he would have stuck it out even at reduced salary. Quote Link to comment Share on other sites More sharing options...
Newmarket Posted May 23, 2023 Share Posted May 23, 2023 So many questions to ask, where does one start. 1, Where is the increased turnover coming from, do they expect to scoop every dollar currently bet from NZ overseas? 2, Are the looking for the On Line casino business or gambling on gaming to prop things up? 3, Will overseas gamblers be able to bet with NZ tab from June 1st, across all types betting? 4, Will current promos stop if they are successful geo blocking? Seems they are talking about a huge amount of money, where will it come from???? Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted May 23, 2023 Share Posted May 23, 2023 1 hour ago, Newmarket said: Seems they are talking about a huge amount of money, where will it come from???? A huge amount of money that the existing experts that dreamed up this deal couldn't find. Go figure! Quote Link to comment Share on other sites More sharing options...
Nowornever Posted May 23, 2023 Share Posted May 23, 2023 1 hour ago, Newmarket said: So many questions to ask, where does one start. 1, Where is the increased turnover coming from, do they expect to scoop every dollar currently bet from NZ overseas? 2, Are the looking for the On Line casino business or gambling on gaming to prop things up? 3, Will overseas gamblers be able to bet with NZ tab from June 1st, across all types betting? 4, Will current promos stop if they are successful geo blocking? Seems they are talking about a huge amount of money, where will it come from???? Those Entain guys will have 10s of millions less in outgoings the day they shut the Wellington head office and good riddance. Quote Link to comment Share on other sites More sharing options...
BitofaLegend Posted May 23, 2023 Share Posted May 23, 2023 (edited) I think another interesting detail here is the deal promised all 3 codes to be in operation and relies partly on this fact. Coincidence that the government review into greyhound racing has kept on getting pushed back? Edited May 23, 2023 by BitofaLegend 1 Quote Link to comment Share on other sites More sharing options...
Special Agent Posted May 23, 2023 Author Share Posted May 23, 2023 20 minutes ago, BitofaLegend said: I think another interesting detail here is the deal promised all 3 codes to be in operation and relies partly on this fact. Coincidence that the government review into greyhound racing has kept on getting pushed back? Yes I think that is a biggie. Part of me thinks the threat of closing greyhound racing is a political joust as a bluff but, the more practical part of my brain thinks greyhound racing is still hanging in there for the soul purpose of holding the three code requirement together. The fallout for greyhounds if three codes become two will be huge. And then harness and galloping should be very afraid. There are plenty out there who despise racing and the treatment of animals. 1 Quote Link to comment Share on other sites More sharing options...
Newmarket Posted May 23, 2023 Share Posted May 23, 2023 Anti Gambling lady on TV1 breakfast news this morning. Not too happy about the deal, she said they know no details about merger, or what to expect. Wow, this whole thing seems very shady 1 Quote Link to comment Share on other sites More sharing options...
Special Agent Posted May 23, 2023 Author Share Posted May 23, 2023 It seems the Racing Minister spoke to SAFE and SPCA but not Problem Gambling, yet his speech was quite big on harm minimisation. So is his focus really to get rid of greyhound racing, are there no intentions to reduce or fund problem gambling and what other hidden gems are there still to discover in the agreement with Entain that remain secret until in operation from 1st June? 1 Quote Link to comment Share on other sites More sharing options...
Newmarket Posted May 24, 2023 Share Posted May 24, 2023 11 hours ago, BitofaLegend said: I think another interesting detail here is the deal promised all 3 codes to be in operation and relies partly on this fact. Coincidence that the government review into greyhound racing has kept on getting pushed back? No surprise the government have pushed back decisions regarding greyhound racing. Google….Entain and Arena Racing Company. More questions than answers. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted May 24, 2023 Share Posted May 24, 2023 4 hours ago, Newmarket said: No surprise the government have pushed back decisions regarding greyhound racing. Google….Entain and Arena Racing Company. More questions than answers. https://www.arenaracingcompany.co.uk/ Entain and Arena Racing Company Sign Ground-Breaking Media Rights and Distribution Deal for Horse Racing and Greyhound Racing entaingroup.com 19 March 2021 Entain and Arena Racing Company Sign Ground-Breaking Media Rights and Distribution Deal for Horse Racing and Greyhound Racing Entain and Arena Racing Company (Arena Racing) today announce the signing of a ground-breaking long-term media rights deal that covers horse racing media rights and establishes a landmark joint venture between Entain and Arena Racing for greyhound racing, through to 31 December 2029. This exciting long-term deal will deliver a compelling range of horse racing and greyhound racing product for Entain’s retail & digital channels, Ladbrokes & Coral, as well as for its digital brands - Betdaq, Bwin and Sportingbet, and will launch a joint venture between the two parties for the distribution of greyhound racing content from Entain, Arena Racing and Independent greyhound tracks. Both horse and greyhound media rights will be produced and distributed to the UK independent bookmaking sector via The Racing Partnership (“TRP”) and into international markets such as Spain, produced and distributed by Arena Racing subsidiary, Vermantia. Horse Racing Media Rights The horse racing media rights element of the Entain / Arena Racing partnership covers all UK, race day data & audio-visual coverage for races from Arena Racing’s sixteen UK racecourses, which include Doncaster, Newcastle, Chepstow and Lingfield Park. The deal also includes South African & Australian content and will commence on 1 January 2022 and run through to 31 December 2029. Greyhound Racing Joint Venture The ground-breaking joint venture (JV) between Entain and Arena Racing will deliver a single optimised UK Greyhound Racing schedule. The JV will become the vehicle for licensing media rights to Entain & other domestic and international betting operators from these tracks. This joint venture will launch on 1 January 2024 through to 31 December 2029. The JV will hold the long term exclusive rights to premium greyhound content from twelve stadia owned across Arena Racing (Newcastle, Nottingham, Perry Barr and Sunderland), independent stadia within Greyhound Media Group (“GMG”) (Kinsley, Sheffield, Swindon and Yarmouth) as well as those owned by Entain (Crayford, Hove, Monmore Green and Romford). Adrian Bower, Entain Chief Procurement Officer said today: “We are delighted to be partnering with Arena Racing on such a comprehensive long-term deal that will give certainty to both parties for the benefit of both horse racing and greyhound racing, as well as helping them navigate the Covid challenges and emerge stronger when the world gets back to normal” “This is a progressive deal for greyhound racing, that will deliver a sustainable programme going forward, support greyhound welfare, and deliver more money into the sport” “This landmark deal supports Entain’s omni-channel strategy for its UK digital brands and emphasises the huge value we place on the horse racing and greyhound racing products. We have been looking for a long-term deal that delivers benefits to both parties, allowing us to focus on navigating the immediate challenge of Covid, while generating greater value for all. Ladbrokes and Coral are two of the biggest and longest standing investors in, and supporters of horse racing and greyhound racing, and this significant commercial deal with Arena Racing is just further proof of our support for these two great British sports” Kevin Robertson, Managing Director of Arena Racing’s Media and International Division said today: “This deal between Arena Racing and Entain represents a new era of collaboration between the horse and greyhound racing industries and their bookmaker customers.” “We are delighted to have framed this deal to offer long term certainty for both our horse and greyhound racing, as we look to recover from what have been incredibly difficult times for both industries. Importantly, this deal recognises the value for both horse and greyhound racing being sold directly by rightsholders to their key bookmaker customers. We are delighted to be working in partnership with a significant global partner in Entain who operate historic and popular brands such as Ladbrokes and Coral, continuing their long association with both sports.” “Both Arena Racing and Entain are committed to the future of greyhound racing, and under the new JV we will be able to sustain and re-invigorate a sport that has been through significant change over the years. The launch of evening greyhound racing on Sky Sports Racing in February is hopefully the first of many new initiatives to promote and enhance the sport” ENDS Notes to Editors About Entain Entain plc (LSE:ENT) is a FTSE100 company and is one of the world's largest sports-betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino. The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. The Group has also entered into a joint-venture with MGM Resorts to capitalise on the sports-betting and gaming opportunity in the US. The Group is tax resident in the UK with licenses in more than 20 countries, across five continents. For more information see the Group's website: www.entaingroup.com About Arena Racing Arena Racing Company (“Arena Racing”) is the largest commercial racing group in the UK. Arena Racing is made up of the following sixteen racecourses: Bath, Brighton, Chepstow, Doncaster, Ffos Las, Fontwell Park, Great Yarmouth, Hereford, Lingfield Park, Newcastle, Royal Windsor, Sedgefield, Southwell, Uttoxeter, Wolverhampton and Worcester. In addition to racecourses Arena Racing owns Newcastle, Nottingham, Sunderland and Perry Barr Greyhound Stadia and looks after the media interests of the Greyhound Media Group (“GMG”). Arena Racing runs four of the six all-weather racecourses in the UK offering three different types of surface for horses to run on: Polytrack at Lingfield Park, fibresand at Southwell Racecourse and tapeta at Newcastle and Wolverhampton Racecourses – the only tapeta racing surfaces in Europe. In 2013 Arena Racing pioneered the All-Weather Championships which see horses compete throughout the winter for the chance of qualifying for Finals Day on Good Friday at Lingfield Park. This initiative is helping raise the profile and prestige of all-weather racing in Great Britain. Arena Racing hosts racing at all levels of the sport from Class 7 through to Group 1s. Doncaster Racecourse is home to the world’s oldest Classic, the Pertemps St Leger, run each year in September as part of the four-day St Leger Festival as well as the final Group 1 of the year in Britain, the Vertem Futurity Trophy. Feature jumps races include the Grade 1 Betfair Fighting Fifth Hurdle at Newcastle Racecourse, the Coral Welsh Grand National at Chepstow Racecourse and Midlands Grand National at Uttoxeter Racecourse. As well as racing, Arena Racing also operates a hotel at Wolverhampton Racecourse, a hotel, spa resort and golf course at Lingfield Park and The Border Minstrel public house at Newcastle Racecourse in the grounds of Gosforth Park. The Hilton Garden Inn Doncaster Racecourse opened in September 2018. Arena Racing is a significant shareholder in the horseracing TV channel Sky Sports Racing which is broadcast on the Sky platform to c.14 million homes. Arena Racing plays a pivotal role in British Racing. It is a shareholder in British Champions Series and Racecourse Data Company; a signatory to a British Horseracing Authority’s and Horsemen’s Group Prize Money Agreement; and on the boards of the Racecourse Association (“RCA”), Great British Racing (“GBR”) and British Champion Series (“BCS”). In 2015 Arena Racing set up The Racing Partnership. This limited company represents the media rights of the 16 Arena Racing owned-racecourses and the five independent racecourses Fakenham, Hexham, Newton Abbot, Plumpton and Ripon. Further information about Arena Racing can be found at www.arenaracingcompany.co.uk. --------- For further information: Entain plc Jay Dossetter, Head of ESG and Press Officejay.dossetter@entaingroup.com Powerscourt Rob Greening / Elly Williamson Tel: +44 (0) 20 7250 1446entain@powerscourt-group.com Arena Racing Company Sam Cone, Head of Communications & Public Affairs Office: 020 7802 5120 Mobile: 07920 404 296 Email: scone@arenaracingcompany.co.uk 4th Floor, Millbank Tower, 21-24 Millbank, London, SW1P 4QP Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted May 24, 2023 Share Posted May 24, 2023 Does everyone realise that the sums don't add up for a windfall for Racing? We're no better off and in fact worse off because we've sold our biggest asset. Presumably because we don't have the competence to manage it ourselves. 5 Quote Link to comment Share on other sites More sharing options...
Assange Posted May 24, 2023 Share Posted May 24, 2023 On 5/23/2023 at 4:11 PM, Chief Stipe said: Racing and sport win big with TAB NZ Strategic Partnering Arrangement www.tabnz.org TAB New Zealand and Entain Australia's strategic partnering arrangement will commence on 1 June 2023, after receiving Government approval today. The 25-year strategic partnering arrangement will enable an immediate financial uplift to the three New Zealand Racing Codes and 38 National Sporting Organisations, while bringing world class products, services and gambling harm minimisation tools to TAB NZ's 250,000 customers. TAB NZ Chairman Mark Stewart MNZM says today's Government approval marks an important step in the growth and prosperity of racing and sport in New Zealand. “Entain is a world-class operator with the expertise and financial strength to transform our business and in turn boost the long-term fortunes of racing and sport as well as the communities that rely upon their success. Furthermore, Entain has guaranteed the jobs of our 460 staff for at least two years. This is a great vote of confidence in our people,” Mark Stewart says. “Today's approval delivers on a key recommendation from the Messara Report (2018) and we are thrilled that the Minister for Racing has approved the strategic partnering arrangement. TAB NZ is at a critical point in its history due to unprecedented competition from unregulated overseas operators and current global economic headwinds.” The strategic partnering arrangement provides an upfront payment to TAB NZ, as well as a five-year period of annual minimum guaranteed payments. Supported by this new partnering deal, the TAB NZ Board has guaranteed an immediate and significant uplift in distributions to the Racing Codes for the next five years, to the following minimum levels: $170m for 2023/24 (+36% compared to current financial year) $175m for 2024/25 (+40%) $180m for 2025/26 (+44%) $185m for 2026/27 (+48%) $200m for 2027/28 (+60%) “These are a significant uplift on the $125m distribution for the current financial year,” Mr Stewart says. The strategic partnering arrangement will also provide increased funding to National Sporting Organisations and Sport NZ from business growth, as well as immediate funding boosts. National Sporting Organisations will share in a one-off funding uplift of $15m to be paid over the next three years, while a $500,000 payment will be made to Sport NZ, ring-fenced for investment in women’s sport. TAB NZ is also delighted to confirm a $5 million upfront commitment to harm minimisation in the form of: a $4 million investment to dramatically accelerate the rollout of facial recognition technology to 100 TAB Venues; and the establishment of a $1 million research fund to provide grants for research into gambling harm. Facial recognition technology is considered to be one of the best tools available to reduce potential in-venue harm. This technology has not yet become industry standard, given the significant capital investment that is required. A 100-venue rollout will deliver a world leading approach to combating gambling harm. Mr Stewart paid tribute to the TAB NZ Board, Chief Executive Officer Mike Tod and the Executive Leadership Team for delivering a transformational strategic partnering arrangement. "I am incredibly proud of what management and the Board have delivered to transform this business and the fortunes of those who rely upon its success. We are a small company at the bottom of the world in a David v Goliath battle in New Zealand’s unregulated online gambling market. To have secured Entain as our partner to grow the returns to racing and sport is an awesome achievement.” Chief Executive Officer Mike Tod will step away from leading TAB NZ, which will reduce to a smaller organisation focused on its remaining legislative functions – including monitoring the regulatory and commercial performance of Entain New Zealand. TAB NZ Chief Transition Officer Nick Roberts has been appointed to lead TAB NZ in its new form as CEO. Current TAB NZ Chief Commercial Officer Cameron Rodger will become the Managing Director - New Zealand for Entain. "Mike has done an incredible job of transforming TAB NZ since he took over as CEO at the beginning of last year. He has implemented and executed a strategy that has delivered the partnering arrangement with Entain, grown customer numbers to record levels, implemented world-first new products, lifted customer satisfaction and staff engagement scores to their highest levels in over a decade and assembled one of the best leadership teams in the industry. Our racing and sporting stakeholders are set to benefit from an outstanding legacy that he leaves." Entain Australia CEO Dean Shannon welcomed the Government approval and said it was an important milestone in the transformation of the New Zealand wagering landscape. “We are delighted and honoured to have received Ministerial approval to finalise the strategic partnering arrangement between TAB NZ and Entain Australia commencing from 1 June 2023,” Mr Shannon said. “We believe this 25-year strategic partnering arrangement will be a gamechanger for sports betting in New Zealand and we are pleased that it will help provide significant financial benefits to the three New Zealand racing codes and the vast array of national sporting organisations. “Entain is a business built on innovation and being customer focused and we look forward to connecting further with the great team at TAB NZ to introduce a range of new world class products, services and player safety tools to the loyal TAB NZ customer base.” ENDS About Entain Entain plc (LSE: ENT) is a FTSE100 company and is one of the world’s largest sports-betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction and SuperSport; Gaming brands include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino. The Group owns proprietary technology across all its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and iGaming in the US. Entain provides the technology and capabilities which power BetMGM as well as exclusive games and products, specially developed at its in-house gaming studios. The Group is tax resident in the UK and is the only global operator to exclusively operate in domestically regulated or regulating markets operating in over 40 territories. Entain is a leader in ESG, a member of FTSE4Good, the DJSI and is AA rated by MSCI. The Group has set a science-based target, committing to be carbon net zero by 2035 and through the Entain Foundation supports a variety of initiatives, focusing on safer gambling, grassroots sport, diversity in technology and community projects. For more information see the Group’s website: www.entaingroup.com Note for editors: TAB New Zealand and Entain will not be commenting further on the proposed strategic partnering arrangement until after completion on 1 June. Sounds to me like some very mutual pissing in pockets. Quote Link to comment Share on other sites More sharing options...
The Centaur Posted May 24, 2023 Share Posted May 24, 2023 5 minutes ago, Assange said: Sounds to me like some very mutual pissing in pockets. Assange, I'm trying to get you out of jail. Plenty letters etc. to politicians. I believe May24 was supposed a special day protesting. Hope its effective. 1 Quote Link to comment Share on other sites More sharing options...
Freda Posted May 24, 2023 Share Posted May 24, 2023 11 hours ago, Chief Stipe said: Does everyone realise that the sums don't add up for a windfall for Racing? We're no better off and in fact worse off because we've sold our biggest asset. Presumably because we don't have the competence to manage it ourselves. I don't entirely agree that TAB is our 'biggest asset'. It possibly could have been, properly run, but as it is, it's a basket case. No wonder Tabcorp didn't want it, given the issues it is facing at the moment as well. Quote Link to comment Share on other sites More sharing options...
curious Posted May 24, 2023 Share Posted May 24, 2023 30 minutes ago, Freda said: I don't entirely agree that TAB is our 'biggest asset'. It possibly could have been, properly run, but as it is, it's a basket case. No wonder Tabcorp didn't want it, given the issues it is facing at the moment as well. Looked more like a liability than an asset in recent years to me. If it were a big asset, you wouldn't give it away for $150m would you? 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted May 24, 2023 Share Posted May 24, 2023 1 hour ago, curious said: Looked more like a liability than an asset in recent years to me. If it were a big asset, you wouldn't give it away for $150m would you? What other asset in the industry is earning $150m in revenue per year? It doesn't appear it is going to work that much better under Entain. The difference is we will no longer own or control the asset. 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted May 24, 2023 Share Posted May 24, 2023 1 hour ago, Freda said: I don't entirely agree that TAB is our 'biggest asset'. It possibly could have been, properly run, but as it is, it's a basket case. No wonder Tabcorp didn't want it, given the issues it is facing at the moment as well. It isn't a "basket case" it still earns $150m+ per year for the industry. Yes it could have been better managed. It should have been properly restructured by MacKenzie but wasn't. 1 Quote Link to comment Share on other sites More sharing options...
curious Posted May 24, 2023 Share Posted May 24, 2023 24 minutes ago, Chief Stipe said: What other asset in the industry is earning $150m in revenue per year? It doesn't appear it is going to work that much better under Entain. The difference is we will no longer own or control the asset. It isn't really earning anything after meeting its obligations to fund the codes is it? In recent times it has had to do even that by borrowing, grants etc. Entain or any other buyer still have to meet those same obligations and Entain has guaranteed to do so. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted May 24, 2023 Share Posted May 24, 2023 1 hour ago, curious said: It isn't really earning anything after meeting its obligations to fund the codes is it? In recent times it has had to do even that by borrowing, grants etc. Entain or any other buyer still have to meet those same obligations and Entain has guaranteed to do so. But didn't your own analysis show it was smoke and mirrors? Quote Link to comment Share on other sites More sharing options...
curious Posted May 24, 2023 Share Posted May 24, 2023 1 minute ago, Chief Stipe said: But didn't your own analysis show it was smoke and mirrors? Yes, I think any talk of a windfall is smoke and mirrors unless Entain can pull a rabbit out of a hat. Be interesting to hear what they have to say at their roadshow next week. Quote Link to comment Share on other sites More sharing options...
Special Agent Posted May 24, 2023 Author Share Posted May 24, 2023 4 hours ago, Freda said: I don't entirely agree that TAB is our 'biggest asset'. It possibly could have been, properly run, but as it is, it's a basket case. No wonder Tabcorp didn't want it, given the issues it is facing at the moment as well. You probably heard it too Freda when Bruce Sharrock said at the last Road Show that racing's "biggest asset" is it's people. The industry would be pretty much stuffed without the people who provide the show. Can we go and listen to Entain with an open mind? With all we have heard and read so far I think that may be difficult. It may be standing room only. One thing I do note is there is ONLY one hour allotted to each sitting, of which there are three, which includes a presentation followed by questions. This speaks volumes. I wonder if security has been factored in. This announcement is more than words to racing participants. They are tinkering with our livelihoods. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted May 24, 2023 Share Posted May 24, 2023 20 minutes ago, Special Agent said: You probably heard it too Freda when Bruce Sharrock said at the last Road Show that racing's "biggest asset" is it's people. The industry would be pretty much stuffed without the people who provide the show. Isn't that a Corporate speak platitude? Too often glibly rolled out. Don't get me wrong I agree that those on the ground doing the hard yards are an asset. Even though at times they are their own worst enemy. If Sharrock and other administrators including from recent past really cared about "those that provide the show" why have they been so intent at fcking them over? Sharrock hasn't exactly excelled has he? 2 Quote Link to comment Share on other sites More sharing options...
The Centaur Posted May 25, 2023 Share Posted May 25, 2023 18 hours ago, Chief Stipe said: Does everyone realise that the sums don't add up for a windfall for Racing? We're no better off and in fact worse off because we've sold our biggest asset. Presumably because we don't have the competence to manage it ourselves. The asset is the monopoly. An intangible asset. Now if a government comes along and removes the monopoly what happens then? I would have thought that would be the first aspect to the agreement. Will Entain be able to sue the government? Bookmaking is all about competition. The New Zealand model is an anomaly. There is no way NZ punters will stop looking at more competitive odds overseas. Quote Link to comment Share on other sites More sharing options...
Newmarket Posted May 27, 2023 Share Posted May 27, 2023 I’ve done my homework regarding a VPN. Gonna be easy to set up on a personal iPhone, which is where I bet 100%. If I had to give up betting with Aus operators, I would just give up gambling. I hate people trying to control 1 Quote Link to comment Share on other sites More sharing options...
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