Hesi Posted February 26 Share Posted February 26 Quote Link to comment Share on other sites More sharing options...
Hesi Posted February 26 Author Share Posted February 26 Of note for the Guerin dislikers 31.00 More detail on the slot auction 40.00 Guerin asks the hard question about track infrastructure 1 Quote Link to comment Share on other sites More sharing options...
curious Posted February 26 Share Posted February 26 What hard question? Did you see the grossly uninformed question at 37? Then Cameron says there's probably two answers to that, dives into some hype, doesn't answer the question and neither of them follow up. In fact Emily changes the subject. Complete waste of time. Quote Link to comment Share on other sites More sharing options...
Hesi Posted February 26 Author Share Posted February 26 They do seem transfixed on turnover with nobody prepared to front up with net betting revenue figure, everyone very quickly diverting to the promotional benefits, which are important, but ......... Quote Link to comment Share on other sites More sharing options...
mardigras Posted February 26 Share Posted February 26 How much have they got in this infrastructure fund? They will need a massive amount of money and skills every year. Quote Link to comment Share on other sites More sharing options...
curious Posted February 26 Share Posted February 26 The handling of the track infrastructure issue is awful. Cameron says the main reason is that we don't have enough tracks available to fix the existing ones but they keep closing tracks? Really? Wouldn't that have been a good follow up question. Or why when we've had decades to do this? Or wrt to resourcing, they get distributions every year but don't have the money to fix the tracks? Because they put it all in stakes. What about the cost of horse injuries, notably and contemporaneously, those from Karaka Millions night? 1 Quote Link to comment Share on other sites More sharing options...
curious Posted February 26 Share Posted February 26 12 minutes ago, mardigras said: How much have they got in this infrastructure fund? They will need a massive amount of money and skills every year. They spent 180k on infrastructure last year and transferred zero to the infrastructure fund which stood at $10m FY 23. Think that's mostly committed to the Awapuni restructure Quote Link to comment Share on other sites More sharing options...
mardigras Posted February 26 Share Posted February 26 Just now, curious said: They spent 180k on infrastructure last year and transferred zero to the infrastructure fund which stood at $10m FY 23. Think that's mostly committed to the Awapuni restructure That's a pittance. They should have directed the stakemoney increase to infrastructure. Quote Link to comment Share on other sites More sharing options...
Hesi Posted February 26 Author Share Posted February 26 I thought part of the Entain money was to go to infrastructure Quote Link to comment Share on other sites More sharing options...
curious Posted February 26 Share Posted February 26 Exactly. They just got a windfall for five years and at least $100m of that needed to be allocated to track infrastructure. Great opportunity for Guerin to ask the question but he either doesn't have the wherewithall or the balls. 1 Quote Link to comment Share on other sites More sharing options...
Hesi Posted February 26 Author Share Posted February 26 Probably lose his job if he got too forthright with his questioning. Quote Link to comment Share on other sites More sharing options...
curious Posted February 26 Share Posted February 26 5 minutes ago, Hesi said: I thought part of the Entain money was to go to infrastructure Only enough to finish Awapuni (which I think they already had) and a few dribs and drabs. The talk is just tokenistic. It's same old same old. From the strategic funding document. 2)ENHANCINGTRACK/SURFACEPERFORMANCEFORBETTER RACINGOUTCOMES Implementation of plan for annual renovation windows for all tracks and increased funding to support the annual renovations at all venues Provide a framework to ensure our Track Managers are adequately resourced in all ways to be retained and developed to create a succession pathway Increase usage of the synthetic tracks and non-racing venues for Trials particularly in the Northern/ Central Region during the winter months Upgrade irrigation systems around multiple venues Complete the Awapuni reconstruction Quote Link to comment Share on other sites More sharing options...
Hesi Posted February 26 Author Share Posted February 26 It's not enough by a long way is it, especially when Cameron George bleats on about how important track surfaces are to the future of the industry Quote Link to comment Share on other sites More sharing options...
curious Posted February 26 Share Posted February 26 11 minutes ago, Hesi said: Probably lose his job if he got too forthright with his questioning. That would be a good thing. Quote Link to comment Share on other sites More sharing options...
Hesi Posted February 26 Author Share Posted February 26 I would be surprised if Entain have not been closely involved in the allocation of their money. A lot of the money they have put up, I think, is extra and above the money for stake increases. Such as the $350K races, the purchase of horses to train, the promotion on the special bet with the Everest that someone won. Part of achieving increased wagering must come with punter confidence in tracks, so they are not going to allow money to just be squandered on stakes. Quote Link to comment Share on other sites More sharing options...
curious Posted February 26 Share Posted February 26 (edited) 9 hours ago, Hesi said: I would be surprised if Entain have not been closely involved in the allocation of their money. A lot of the money they have put up, I think, is extra and above the money for stake increases. Such as the $350K races, the purchase of horses to train, the promotion on the special bet with the Everest that someone won. Part of achieving increased wagering must come with punter confidence in tracks, so they are not going to allow money to just be squandered on stakes. Entain don't have any control over that. They pay the guaranteed amount to NZTAB which distributes it to codes to do with as they see fit. NZTR only sees fit to distribute it to stakes as they have now for decades. Entain can encourage the codes to improve their product to increase wagering revenue, but NZTR have a long history of disinterest in doing that despite the talk like Cameron's to the contrary. Since they won't do so, I think Entain will shift focus to other products such as sport and overseas racing to build their revenue and hopefully profit. They don't need NZTR to make the deal work, though they are making considerable additional investment to get them on board. NZTR generated wagering revenue won't increase until these track infrastructure ,along with handicapping and programming issues, among other things, are sorted, and a much better product is presented to punters. Edited February 26 by curious 2 Quote Link to comment Share on other sites More sharing options...
Hesi Posted February 26 Author Share Posted February 26 That's the theory but Entain will not be putting all this money into NZ racing to sit back and watch it be squandered on a defective strategy. Cameron Rodger the head of Entain in NZ has come through the TAB ranks, so he would be well aware of the past. You're probably right about the sport and overseas racing. Just seems like a lot of money from Entain to NZTR for them to sit back and not have a big say Quote Link to comment Share on other sites More sharing options...
mardigras Posted February 26 Share Posted February 26 5 minutes ago, Hesi said: That's the theory but Entain will not be putting all this money into NZ racing to sit back and watch it be squandered on a defective strategy. Cameron Rodger the head of Entain in NZ has come through the TAB ranks, so he would be well aware of the past. You're probably right about the sport and overseas racing. Just seems like a lot of money from Entain to NZTR for them to sit back and not have a big say I think the theory will be spot on. Entain will be advocating things potentially, but with no ability to insist on anything. Just like NZTR may advocate things for the TAB to consider, but no ability to insist on anything. Quote Link to comment Share on other sites More sharing options...
Hesi Posted February 26 Author Share Posted February 26 He who pays the piper calls the tune Quote Link to comment Share on other sites More sharing options...
mardigras Posted February 26 Share Posted February 26 (edited) 9 minutes ago, Hesi said: He who pays the piper calls the tune Funny since Entain don't pay NZTR directly - they pay the TAB who distribute based on some formula from my understanding. And the TAB has always paid NZTR and have never called the shots, so why would it be any different with Entain? It would be a bit like Tabcorp telling Racing NSW and Racing Victoria what they need to do. Edited February 26 by mardigras Quote Link to comment Share on other sites More sharing options...
Hesi Posted February 26 Author Share Posted February 26 Entain are investing heavily in NZ racing with their own money, NZTR were just a clearing house for what the annual report showed as the amount of money that could be distributed. Quote Link to comment Share on other sites More sharing options...
mardigras Posted February 26 Share Posted February 26 Just now, Hesi said: Entain are investing heavily in NZ racing with their own money, NZTR were just a clearing house for what the annual report showed as the amount of money that could be distributed. Tabcorp invest heavily into Australian Racing with their own money. Quote Link to comment Share on other sites More sharing options...
Hesi Posted February 26 Author Share Posted February 26 6 hours ago, curious said: Entain don't have any control over that. They pay the guaranteed amount to NZTAB which distributes it to codes to do with as they see fit. NZTR only sees fit to distribute it to stakes as they have now for decades. Entain can encourage the codes to improve their product to increase wagering revenue, but NZTR have a long history of disinterest in doing that despite the talk like Cameron's to the contrary. Since they won't do so, I think Entain will shift focus to other products such as sport and overseas racing to build their revenue and hopefully profit. They don't need NZTR to make the deal work, though they are making considerable additional investment to get them on board. NZTR generated wagering revenue won't increase until these track infrastructure ,along with handicapping and programming issues, among other things, are sorted, and a much better product is presented to punters. The other possible factor in this, that we would not be aware of, is any arrangements NZTR are having with Avondale JC for the sale of their land and how much money may be available to NZTR from whatever arrangement is agreed upon Quote Link to comment Share on other sites More sharing options...
curious Posted February 26 Share Posted February 26 20 minutes ago, Hesi said: The other possible factor in this, that we would not be aware of, is any arrangements NZTR are having with Avondale JC for the sale of their land and how much money may be available to NZTR from whatever arrangement is agreed upon Not sure that could have much to do with it. Any resulting funds are probably years away and would have to go to the Avondale community or Auckland racing, not the rest of the country. Quote Link to comment Share on other sites More sharing options...
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