Jump to content
The Race Place

Is this promising?


curious

Recommended Posts

Earlier this week we held our monthly stakeholder conference calls with the recognised industry organisations and our clubs.  Among the information we discuss is an update on industry KPIs which are currently demonstrating a significant connection between our average field sizes and the betting on our races.  Whereas at this time last year we had held 65 races with fewer than 8 starters, this year that figure is just 8.  

The fact that our average field size is currently a touch over 12 starters per race is reflected in our domestic thoroughbred turnover of $61.2m as at 26 September. The connection between field sizes and betting, and the subsequent return to owners via stakes cannot be stressed enough.

Link to comment
Share on other sites

1 hour ago, curious said:

Earlier this week we held our monthly stakeholder conference calls with the recognised industry organisations and our clubs.  Among the information we discuss is an update on industry KPIs which are currently demonstrating a significant connection between our average field sizes and the betting on our races.  Whereas at this time last year we had held 65 races with fewer than 8 starters, this year that figure is just 8.  

 

The fact that our average field size is currently a touch over 12 starters per race is reflected in our domestic thoroughbred turnover of $61.2m as at 26 September. The connection between field sizes and betting, and the subsequent return to owners via stakes cannot be stressed enough.

 

Is it a red-herring? If not, how will it unfold over the course of a year - will it translate into each horse having more starts on average in order to maintain the average field size?

Link to comment
Share on other sites

4 minutes ago, barryb said:

Yes this is a Red Herring for sure, undoubtedly there are currently countless horses in work, I can tell you from experience that its bloody hard to find riders and even to get into races.

Whats going to happen when these horses are ready to be turned out, the replacements are not going to be anywhere near this number. Dec Jan racing could see very lean numbers going around.

Should I get mine ready for then you reckon?

  • Like 1
Link to comment
Share on other sites

3 hours ago, curious said:

Earlier this week we held our monthly stakeholder conference calls with the recognised industry organisations and our clubs.  Among the information we discuss is an update on industry KPIs which are currently demonstrating a significant connection between our average field sizes and the betting on our races.  Whereas at this time last year we had held 65 races with fewer than 8 starters, this year that figure is just 8.  

Have you got this betting info handy - for NZ races?

Link to comment
Share on other sites

 

17 minutes ago, mardigras said:

Have you got this betting info handy - for NZ races?

No that is a direct quote just circulated by NZTR  in an Owner's Update???

 

No images? Click here

 

Dear Valued Owner,

Auckland's return to Covid alert level one from midnight tonight will mean owners and racegoers around the whole country will be able to return to the track.  We appreciate the manner in which owners have adhered to the protocols required under alert level 2.  We now have a workable framework in place for clubs which will allow groups to attend race meetings should any part of the country have to return to level 2, although we hope that won't occur.

Earlier this week we held our monthly stakeholder conference calls with the recognised industry organisations and our clubs.  Among the information we discuss is an update on industry KPIs which are currently demonstrating a significant connection between our average field sizes and the betting on our races.  Whereas at this time last year we had held 65 races with fewer than 8 starters, this year that figure is just 8.  

The fact that our average field size is currently a touch over 12 starters per race is reflected in our domestic thoroughbred turnover of $61.2m as at 26 September. The connection between field sizes and betting, and the subsequent return to owners via stakes cannot be stressed enough.

You may have see the recent advertisements as the NZTR Members' Council calls for interested parties to apply for vacancies on the NZTR Board.  The information on the roles, including a link to the position description, can be found by following the link below.

 

The recent regional roadshows around the country will conclude later this month with the final event being held in Auckland at Ellerslie racecourse on 19 October from 2.30-4.30pm.

The six meetings conducted so far have drawn around 200 people and covered a range of issues in addition to what was presented by NZTR.  Presentations were also made by regional representatives from the NZTR Members' Council which gave an overview of that group's structure and function.

Chairman of the NZTR Members' Council, Paul Humphries also provided a backgrounder which recently ran in Raceform and on our website.  The link can be found below.

 

We hope you can join us virtually on Sunday evening to toast the magic moments of the past season as we relive its highlights, acknowledge our finalists and salute our winners.   

The uncertainty around alert levels meant the Board had to make a call to allow planning to proceed and, while it wasn't our preference, the virtual event will allow greater numbers to join us to celebrate our winners. You can watch from 7pm on our website or via the LOVERACING.NZ Facebook page.

We are continuing to run monthly Facebook Live sessions to allow us to provide a regular update and to respond to questions from participants and casual racing followers.

These sessions began around the first lockdown and while the flood of questions has slowed to a trickle, these sessions are still a great opportunity for us to provide information and engage with our participants.

Click the link below to hear what we had to say at the end of September (apologies for the background noise, but it was a busy day in the office!).

 

 

Ngā mihi nui,

Bernard Saundry
Chief Executive

New Zealand Thoroughbred Racing

 

 

 

 

 

Link to comment
Share on other sites

9 minutes ago, barryb said:

yes for sure, the stakes are the same mate, but will be far less competition for you.

OK. Do you have an accurate weather forecast for then? Not sure whether to get the mudder or the fast tracker ready for that, maybe one of each?

Link to comment
Share on other sites

  • 4 weeks later...
32 minutes ago, Freda said:

What are the thoughts of the learned gentlemen on this site, about the current revenue figures from our esteemed TAB?

On the surface, things are on the improve. Difficult to really assess with only the info provided. Especially given the need to draw on extra funds from reserves/government to meet obligations the past few years - so comparisons against last year are difficult to truly assess - since last year was very bad.

A couple of things noticeable. Domestic racing is now bottom of the pile in regards turnover - both sport and off-shore racing exceeding it. Not good from a sustainability perspective.

The comments on field size don't really stack up. NZ domestic turnover was up 1.6m -- yet at the same time they are claiming domestic turnover up 21% year on year. Can someone help me out here - as these numbers are not possible.

Also, GBR up $5.4m from last year

Operating Expenses down $2.2m from last year

Net Profit only up $5.2m from last year

Which suggests Turnover Related Expenses is up in the realm of $2.4m from last year - suggesting a strong shift to off-shore racing incurring increasing commingling and race field fee type costs, and increasing costs to sporting bodies.

If they are to continue to receive all the proceeds from whatever avenue they can, then the results are at least an improvement on the past. How much Covid has helped that, is anyone's guess, given people may have held off from outlaying to the same extent during the prior periods (the TAB actually state that is the case), and now people may be prepared to lose more initially. Time will tell on that.

Additionally, the ability to maintain the high margin they claim, is largely dependent on outcomes going in their favour in the longer term.

 

  • Like 1
  • Thanks 1
Link to comment
Share on other sites

Wagering Performance Summary - September 2020

Consistent with the performance in August, TAB NZ’s key results for September were ahead of budget and ahead of last year. The Business reported strong performance for the month across all products, with sport, international racing, and domestic racing all well ahead of budget. 

Domestic starter and field size numbers continued to be particularly strong for both equine codes. Thoroughbred and Harness starters were up 27% and 34% (monthly code report)  respectively on the same period last year, contributing to strong year-on-year domestic racing turnover growth of +21% year-on-year. Large field sizes, particularly for Thoroughbreds (12.3 v 9.8 last year), have also contributed to strong fixed odds margins that are higher than last year.

International racing grew by 11%. The strength of NZ racing betting activity, continues to support growth in overseas racing turnover where we continue to see increased levels of overlap in customer betting behaviour between jurisdictions.

Year-on-year comparisons for sports turnover (+7%) were impacted by Rugby World Cup last year (e.g. rugby turnover down 70%). However this was offset, as we continue to benefit from the currently condensed nature of the sports calendar with a number of competitions taking place outside their traditional cycle. In particular, the NBA playoffs and the NRL regular season stretching into September (when usually playoffs occur) resulted in significantly improved turnover. 

Customer numbers also remain positive with 99,100 active customers for the month, pleasingly above the average.

September Operational Performance Highlights

  • Net Profit for the month was $14.9m, which was $5.2m above budget. This is made up of; Betting Profit $13.4m (+$5.1m v Budget), Gaming Profit of $2m as budgeted and Racing Integrity RIU (RIU) of -$0.5m (against budget of -$0.6m).
  • Operating Expenses were $9.5m for the month which was $0.3m below budget (2.8%) and $2.2m below last year (19.2%).
  • Capital Expenditure spend for the month was $0.8m and included product development and the relocation of our Porirua TAB site.
  • Year To Date Reported Profit is $27.7m,  which is $7.0m above budget and $6.9m above last year.   

w63N2utB4x3Yep3YOwTIdD4DFmKAwy_BX7eCbq3z

 

September Distributions

Racing Codes were paid $10.3m in actual distributions for September versus $9.4m budgeted.  This consisted of TAB NZ betting profit (listed as Fixed Distribution in the table below), offshore bookmaker commission fees, which are based on actual turnover (termed Betting Information User Charge (BIUC) in the table below), and Betting Duty repeal.

gfI1bqAVrDP1Rxffsft0ado67dGev16N4gfyD01r

September Wagering Performance Highlights 

  • Turnover of $210.7m was $34.4m above budget and $25.9m above last year.
  • Strong performance against budget was driven by all products; sport +$19.0m, international racing +$11.4m and domestic racing was +$1.6m and VIP +$2.4m.
  • Gross Betting Revenue (GBR) of $34.6m was $7.2m above budget and $5.4m above last year at a margin of 16.4%.
  • Domestic racing accounted for $61m in turnover, with overseas racing making up $82m of the month’s total turnover and sport delivering $68m in turnover.

Top 10 Sporting events by turnover

Date

Comp/Code

Event

Turnover

27-Sep

UFC

Israel Adesanya v Paulo Costa

$682K

5-Sep

NRL

NZ Warriors v Parramatta Eels

$601K

13-Sep

Rugby Union

North v South

$550K

13-Sep

NRL

Cronulla Sharks v NZ Warriors

$548K

3-Sep

NRL

Brisbane Broncos v Penrith Panthers

$494K

17-Sep

NRL

South Sydney Rabbitohs v Canterbury Bulldogs

$452K

26-Sep

NBA

Boston Celtics v Miami Heat

$417K

23-Sep

NBA

Denver Nuggets v Los Angeles Lakers

$416K

10-Sep

NRL

West Tigers v South Sydney Rabbitohs

$408K

25-Sep

NRL

South Sydney Rabbitohs v Sydney Roosters

$395K

 

Top 10 Racing events by turnover

Date

Venue

Race No

Race desc

Turnover

19-Sep

Hastings

R10

Tarzino Trophy (G1)

$695K

5-Sep

Te Rapa

R5

WRC Northland Breeders Stakes (G3)

$521K

5-Sep

Te Rapa

R8

Valachi Downs Foxbridge Plate (G2)

$503K

5-Sep

Te Rapa

R10

Zacinto Mile

$451K

26-Sep

New Plymouth

R7

NZB Ready To Run Sale Trainers Series

$393K

19-Sep

Hastings

R8

Hawke's Bay Breeders Gold Trail Stakes (G3)

$390K

26-Sep

New Plymouth

R10

Twilight Friday Races 23/10 & 20/11 1800

$354K

19-Sep

Caulfield

R8

Sir Rupert Clarke Stakes (G1)

$351K

5-Sep

Te Rapa

R7

US Navy Flag 1400

$341K

26-Sep

Caulfield

R8

Hyland Race Colours Underwood Stakes (G1)

$336K

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.

×
×
  • Create New...