Jump to content
The Race Place

Stakes


mardigras
 Share

Recommended Posts

I read this.

Hong Kong last year had a Turnover of NZD$49.5 billion.

Revenue was NZD$7.4 billion

They paid NZD$4.6 billion in duty.  The HKJC provides 12% of the Hong Kong Governments revenue.

The net surplus after taxation was NZD$415 million.

Stakes (got there eventually) - wait for it......pause....... NZD$260 million.

I wasn't sure if that was meant to be a positive or a negative. But importantly, if NZ code revenue for stakes was as low as that is, that would bring NZ stakes distribution to around $14m

NZ with revenue around $400m (before taxes), money distributed to stakes around $130m. Say  just under 1/3 of the gross revenue.

HK just over 1/30th of gross revenue. Not sure if there is a heck of a lot of benefit comparing the two. 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...