curious Posted December 23, 2020 Share Posted December 23, 2020 https://www.tabnz.org/tab-new-zealand-update-trading-performance-november Quote Link to comment Share on other sites More sharing options...
mardigras Posted December 23, 2020 Share Posted December 23, 2020 Things appear to be improving - but I still see concern. The numbers are showing comparisons with a) a poor performance (for many years), and b) a poor budget where full year distribution budget was set at $132m. In 2018, the full distribution to the racing industry was $163.6m - so whilst ahead of their budget, to achieve the same level as 2018, they would need to be ahead of budget by 24%. On what is reported, they have paid out $3.7 higher than a budget ytd of $44.5m, which is a little over 8% ahead of budget. I wouldn't be busting out the champers just yet, even though it's Christmas. Quote Link to comment Share on other sites More sharing options...
Freda Posted December 23, 2020 Share Posted December 23, 2020 2 minutes ago, mardigras said: Things appear to be improving - but I still see concern. The numbers are showing comparisons with a) a poor performance (for many years), and b) a poor budget where full year distribution budget was set at $132m. In 2018, the full distribution to the racing industry was $163.6m - so whilst ahead of their budget, to achieve the same level as 2018, they would need to be ahead of budget by 24%. On what is reported, they have paid out $3.7 higher than a budget ytd of $44.5m, which is a little over 8% ahead of budget. I wouldn't be busting out the champers just yet, even though it's Christmas. I was just about to ask for an assessment from C....but you beat me to it. Quote Link to comment Share on other sites More sharing options...
Hesi Posted December 23, 2020 Share Posted December 23, 2020 Can someone copy and paste the update, not just the link Ta Quote Link to comment Share on other sites More sharing options...
curious Posted December 23, 2020 Author Share Posted December 23, 2020 Skip to main content Main navigation Home News Careers About TAB NZ Betting Gaming Information Centre TAB New Zealand Update on Trading Performance - November 18 December 2020 TAB New Zealand (TAB NZ) provides the latest monthly trading update for the 2020/2021 financial year, with the results and highlights for November 2020. Wagering Performance Summary November was a solid month for TAB NZ with a reported profit before distributions of $17.7M. Results from Melbourne Cup day and NZ Cup Week in Christchurch, coupled with full domestic racing fields, continued TAB operational efficiencies and the ongoing resumption of sporting events around the world, were all major contributors to the strong result. Racing Melbourne Cup day resulted in TAB’s highest ever turnover on a Melbourne Cup day of $26.6M (up 14 percent on last year). It was also the highest ever GBR for a Melbourne Cup day of $6.2M. The race itself generated $11.5M in turnover exceeding the previous high, set in 2018, of $10.3M. Resulting turnover of $11.3M from the IRT NZ Trotting Cup day, was also the highest ever for a Cup day, exceeding the previous record of $10.8M in 2018 by 5 percent. The day attracted 40,000+ account customers which was 8 percent higher than last year's total. Domestic starter and field size numbers have continued to be strong with Domestic racing turnover up $13.8M against budget. Large field sizes for the Thoroughbred code, particularly throughout NZ Cup Week, again contributed to strong margins. Turnover on overseas racing also continues to perform above expectation at 21 percent above target for the month. Of particular note was Australian Thoroughbreds up 23 percent, driven by a strong result on the Melbourne Cup (44 percent) with that single race representing almost 15 percent of overseas fixed racing revenue for the month. Sport Rugby League’s State of Origin, which is normally played during the NRL regular season but was rescheduled to be held at the end of the season generated around $100k-$200k more per game than the fixtures did during the 2019 season. International cricket was also back with the first T20 generating $800k in turnover, up $300k on the last limited overs match played in New Zealand before lockdown. --------------------- November Operational Performance Net Profit for the month was $17.7M, which was $4.9M above budget and $1.4M above last year. Operating Expenses for the month were $10.0M for the month which was $0.1M above Budget and $1.5m below Last Year. Year To Date (1 Aug to 30 Nov) Operating Profit was $61.2M which was $16.3M above Budget and $11.4M above Last Year. Year To Date (1 Aug to 30 Nov) Operating Costs were $38.8M which was $577k above Budget and $8.7M below Last Year. November Distributions Racing Codes were paid $14.4m in actual distributions for November versus $12.9M 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. November Wagering Performance Turnover of $232.6M was $27.6M above Budget and was driven by all products; Sport +$3.9M, International Racing +$9.6M, Domestic Racing +$11.4M and VIP +$2.7M. Gross Betting Revenue was $41.6M, $8.7M above Budget and $6.7M above Last Year. The total active customer base to have bet in November was 140,500 customers. Top 10 Sporting events by turnover Date Code Event Turnover 14-Nov Rugby Union New Zealand v Argentina $1.02M 7-Nov Rugby Union Australia v New Zealand $1.01M 28-Nov Rugby Union Argentina v New Zealand $892K 18-Nov Rugby League Queensland v New South Wales $762K 4-Nov Rugby League Queensland v New South Wales $629K 11-Nov Rugby League New South Wales v Queensland $609K 21-Nov Rugby Union Australia v Argentina $461K 27-Nov Cricket New Zealand v West Indies $388K 29-Nov Cricket Australia v India $312K 27-Nov Cricket Australia v India $311K Top 10 Racing events by turnover Date Venue Race No Race desc Turnover 3-Nov Flemington R7 Lexus Melbourne Cup (G1) $11.5M 10-Nov Addington R11 IRT New Zealand Trotting Cup Pace (G1) $1.6M 14-Nov Riccarton Park R10 Christchurch Casino 157th New Zealand Cup (G3) $1.1M 14-Nov Riccarton Park R12 Speight's Premier $840K 14-Nov Riccarton Park R8 Barneswood Farm 48th Nz 1000 Guineas (G1) $717K 3-Nov Flemington R10 MSS Security Sprint $639K 7-Nov Riccarton Park R8 Al Basti Equiworld 48th NZ 2000 Guineas (G1) $602K 11-Nov Riccarton Park R11 16th Coupland's Bakeries Mile (G2) $574K 10-Nov Addington R8 Woodlands Stud Sires' Stakes Final MBL Pace (G1) $567K 10-Nov Addington R13 First Direct Taxis Mobile Pace $546K Media & Reports Equine Influenza Media Releases Annual Reports Contact Us TAB NZ The Board About Us Social TAB New Zealand (TAB NZ) is a statutory body established through the Racing Industry Act 2020 which provides betting services to New Zealanders and makes returns back to New Zealand racing and sporting organisations. 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