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Stakes


mardigras

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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. 

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