Tonkatime Posted March 27, 2023 Share Posted March 27, 2023 https://www.1news.co.nz/2023/03/27/tab-selects-entain-as-preferred-partner-for-outsourcing-deal/?fbclid=IwAR08rzfMSr--JmCjCzSRiac1w4-MlOQraE_0vQKmWEiu20j75SN2i0NnJXs 1 Quote Link to comment Share on other sites More sharing options...
Hesi Posted March 27, 2023 Share Posted March 27, 2023 https://www.tabnz.org/tab-nz-selects-entain-preferred-partner-25-year-strategic-arrangement-subject-ministerial-approval Quote Link to comment Share on other sites More sharing options...
Hesi Posted March 27, 2023 Share Posted March 27, 2023 Includes an immediate uplift in payments to the codes Quote Link to comment Share on other sites More sharing options...
Turny Posted March 27, 2023 Share Posted March 27, 2023 Same stable at Ladbrooks and NED in Australia. Interesting times Quote Link to comment Share on other sites More sharing options...
Hesi Posted March 27, 2023 Share Posted March 27, 2023 Alternative was them announcing in April, a 20 mil reduction in payout to the codes for 23/24, which would have been the beginning of the end for NZ racing. Considering it was years of overspending at what was the Racing Board that led to this, it was good of them to give a 24 month hiatus to all TAB staff, which reads, you've got 24 months to find another job 1 1 Quote Link to comment Share on other sites More sharing options...
Maximus Posted March 27, 2023 Share Posted March 27, 2023 So ...who the hell are Entain ...nothing other than a cursory mention in the Media Release...so the Mustelid will have to deliver spme background info. You're welcome Business overview - Entain (entaingroup.com) MM Quote Link to comment Share on other sites More sharing options...
Hesi Posted March 27, 2023 Share Posted March 27, 2023 ??? There was a piece on Entain at the finish of the media release, with a link to their website Quote Link to comment Share on other sites More sharing options...
Turny Posted March 27, 2023 Share Posted March 27, 2023 Gogle them Max, have a great website ... they are huge around the world Quote Link to comment Share on other sites More sharing options...
mardigras Posted March 27, 2023 Share Posted March 27, 2023 Needs to happen, but I don't see any change around the subsidisation of NZ racing, which frankly, pisses me off. I'd also love to see the escape clause - i.e what happens if Entain decide they want out. Paying out NZ TAB staff for two years in an environment where you are trying to not make a large loss - they may realise there is little money to be made here. Not to mention the issue that Ladbrokes are notorious for restricting customers. 2 Quote Link to comment Share on other sites More sharing options...
Turny Posted March 27, 2023 Share Posted March 27, 2023 1 minute ago, barryb said: Neither of which can I have an account with. Both shit outfits. Agre entirely Barry, they will quickly restrict success Quote Link to comment Share on other sites More sharing options...
Hesi Posted March 27, 2023 Share Posted March 27, 2023 I think this is right Entain own Ladbrokes and if the deal is signed off, the TAB Ladbrokes won't own the TAB Entain have a stable of several dozen wagering based companies, which they own. Lots of detail to be exposed, but the TAB may still have a certain amount of autonomy over how they operate, but within broad guidelines set by Entain, not set by Ladbrokes This was the view put forward by McAnulty, when approached by Guerin, that the NZ punter needed to be looked after Quote Link to comment Share on other sites More sharing options...
Maximus Posted March 27, 2023 Share Posted March 27, 2023 4 hours ago, Turny said: Gogle them Max, have a great website ... they are huge around the world For goodness -' sake, I already posted the link to the 'About Us' info on their website, so I think that covers Googling them. My point is that the Media release says very little about the entity that is going to control everything about how we experience our racong imdustry esp wagering, viewing and hearing races. I'm hoping it is the dawn of an enlightened new era, with less bureaucratic bullshit, outrageous salaries for TAB people doing SFA to earn it, and (most of all) better incentives for owners, breeders, and employees throughout this great industry. NZ Racing can be great again. It's taken 5 years for this part of Messara's Report to become real. The devil, as always, is in the detail. I hope McNulty knows what he is doing - at least he appears to understand the complexities in all this (I don't.). Better to have him in charge than, say, that Nathan guy. MM 1 Quote Link to comment Share on other sites More sharing options...
slam dunk Posted March 27, 2023 Share Posted March 27, 2023 Maxi you make some good points. Trackside?? On Couse betting??? How are clubs going to interact whereby they put on races attracting betting and how are they going to be rewarded. Its clear they have done little research which explains the attempt to muzzle any discussion. Its all fairytale stuff. 1 Quote Link to comment Share on other sites More sharing options...
Maximus Posted March 27, 2023 Share Posted March 27, 2023 45 minutes ago, slam dunk said: Maxi you make some good points. Trackside?? On Couse betting??? How are clubs going to interact whereby they put on races attracting betting and how are they going to be rewarded. Its clear they have done little research which explains the attempt to muzzle any discussion. Its all fairytale stuff. I hope Entain start by bringing back Radio Trackside and dipoensing with the Te Akau-dominated Weigh In. Good to see David Ellis encouraging McNulty to 'sign it off tomorrow'. TA and others are well positioned to benefit hugely from Entain taking over if it means an instant uplift in funding for owners etc. TA charge a basic training fee of $100+ per day (with a surcharge of $20+GST on public holidays) +++ transport, vets, gear, etc. MM Quote Link to comment Share on other sites More sharing options...
Hesi Posted March 27, 2023 Share Posted March 27, 2023 I see the usual suspects picking holes in things As I said, there are no other choices. No deal means an announcement of a 15-20% reduction in the payout to codes in April, that soon, which would have started a stampede A few plaudits also to Mike Tod, who has brought the TAB into today's world with so many customer focused promotions since he started, just 12 months ago. Also, he has been the driving force behind something that Messara detailed 4.5 years ago. He announced talks would be underway with Aus parties back in October, and less than 6 months later, there is a deal, only awaiting ratification from the Racing Minister. That is warp speed, compared to what we have seen in the past from the TAB and the Racing Board. There are those in the industry that will find something to criticise about him I would suggest he is one, that won't have to be looking for a new job, if he wants to stay on. I would say, that there are going to be a lot of changes though. Ellis is just virtue signaling, looking after what he always looks after, himself and Te Akau I note also, a few questioning where the money is coming from. Both parties bankers and financial gurus have been over fully disclosed data from Entain and the TAB. But I guess others know better 1 Quote Link to comment Share on other sites More sharing options...
Turny Posted March 27, 2023 Share Posted March 27, 2023 Given The Punter keeps the show alive what is in this for The Punter I cant find anything mentioned. Incredible, but at least the Titanic hasn't iceberged Quote Link to comment Share on other sites More sharing options...
Hesi Posted March 27, 2023 Share Posted March 27, 2023 11 minutes ago, Turny said: Given The Punter keeps the show alive what is in this for The Punter I cant find anything mentioned. Incredible, but at least the Titanic hasn't iceberged A commitment to provide a world-class and industry best practice wagering, retail and broadcast offering to Kiwi customers as well as racing and sports fans Quote Link to comment Share on other sites More sharing options...
Hesi Posted March 27, 2023 Share Posted March 27, 2023 You will notice the mention of broadcast offering Quote Link to comment Share on other sites More sharing options...
Hesi Posted March 27, 2023 Share Posted March 27, 2023 8 minutes ago, barryb said: My worry as well Turny, this outfit hasn't shined a bright light in Aus & unless punters are guaranteed $2k like now then its all bad news with this lot. They may well put racing back in the spotlight as they will be keen to grow the database & advertise, modernise a few things as well. Guerin addresses this on Weigh In at 50.51 Quote Link to comment Share on other sites More sharing options...
Turny Posted March 27, 2023 Share Posted March 27, 2023 Brodacst offering, give me a break we already have that. So there is nothing then, at this stage Quote Link to comment Share on other sites More sharing options...
Hesi Posted March 27, 2023 Share Posted March 27, 2023 We have no radio coverage and what many describe as poor TV coverage with Trackside. I would suggest both are going to change 1 Quote Link to comment Share on other sites More sharing options...
Hesi Posted March 27, 2023 Share Posted March 27, 2023 Why would they not change, Entain are in the business of building wagering turnover Quote Link to comment Share on other sites More sharing options...
Turny Posted March 27, 2023 Share Posted March 27, 2023 We have the upper level, potential sale. Lower level silent, no detail yet. Incompetence forced the sale so I aint applauding as the vendor will have little input, which may be a good thing given history. My view, nothing will change but will give Entain a platform for an online casino to a captured market (see their website) ... that may be the attractor for them. Interesting times ... dont hold your breath Quote Link to comment Share on other sites More sharing options...
mardigras Posted March 27, 2023 Share Posted March 27, 2023 (edited) 10 hours ago, Hesi said: As I said, there are no other choices. No deal means an announcement of a 15-20% reduction in the payout to codes in April, that soon, which would have started a stampede Of course there is another choice - and it is probably the most apt one. Close down racing in NZ. Continue running a betting operator. Send the proceeds to the government as part of its revenue stream. You put that out to the NZ public in a referendum with all the detail of how the industry is subsidised effectively by the taxpayer, I think the vote would be massively in its favour. Edited March 27, 2023 by mardigras Quote Link to comment Share on other sites More sharing options...
Hesi Posted March 27, 2023 Share Posted March 27, 2023 People say where is 200 mil a year going to come from Well for a start 150 mil a year is already coming Look at the 22 Annual Report 354 mil revenue 200 costs(80 turnover realted or variable, 120 fixed of which staff is 41) Return to racing/sport - 154 mil Entain say they can return 200 mil , so an extra 50 They have done their homework and assessed they can reduce costs in addition to increasing revenue, to find the extra 50 mil, as well as making a profit for themselves. Let's hope NZ racing in particular use it wisely to achieve sustainability. 1 Quote Link to comment Share on other sites More sharing options...
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