curious Posted February 5 Share Posted February 5 I think one of the main reasons was that they thought they were losing punter spend to off shore FO bookmakers and that would accelerate if they did not offer a competing product. Quote Link to comment Share on other sites More sharing options...
mardigras Posted February 5 Author Share Posted February 5 9 minutes ago, curious said: I think one of the main reasons was that they thought they were losing punter spend to off shore FO bookmakers and that would accelerate if they did not offer a competing product. For sure they were thinking that. They had a couple of options that I think would have been better. Either retain their monopoly and use the commission rate on the tote to out-do the competitive offering. Or get the legislation changed to allow local competition offering fixed odds - with requirements around racefields fees in relation to operator profits. Retains the huge advantage of a zero risk business, and leverage the skills of another local competitor to take the risks and get revenue for the privilege to NZ racing. 1 Quote Link to comment Share on other sites More sharing options...
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