LightsOut

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Everything posted by LightsOut

  1. Sadly in the Racing Industry that's a common problem over the last few years and obviously Operation INCA is a classic case. Transparency isn't there like it once was.
  2. Exported turnover as at the end of June 2021 returned $1.3 million which represents 3% of the total for 11 months. The Chairman has reported that exported turnover was $83 million for last years 12 months. Take off $5 million for July (average month is $6.9 million but obviously less meetings in July) and you have $78,000,000. 3% of that figure is $2,3 million so how or why was only $1.3 reported as the actual amount received? The $3.2 million difference between Greyhounds and Harness is huge and hard to believe. Maybe with 3 years of on-going Operation Inca and the now known fab
  3. What's the point of putting figures out when you don't proof read them fist. The Chairman used to be the Finance Chairman of HRNZ so should a no brainer to check figures first. You don't need an accountancy degree to notice the standout obvious error. Amateurs!
  4. Sadly when an Organisation have had in the past and presently nil management running it along with a clueless overseeing Government Agency eg DIA there can only be one end result. The only thing you want either of those two outfits running would be as far away as possible to anything your involved with.
  5. One would hope they are not holding onto millions owing to service providers in order to make things look better on paper than they actually are. Sadly wouldn't be the first time. And hopefully they have learnt how to establish areas of costs that should be correctly accounted for in expenses eg previous reports out by millions due to supposed coding errors Still no report over a year later as promised to the Industry as to how and why it happened. No worry the NZ taxpayer funded the loss through the bail-out.
  6. They would struggle to price at a $2.00 shop
  7. yesterday (details below). The INCA Investigation has continued to drag on with it looking highly unlikely that the initial media storm on 'race fixing' is looking like a joke with some odd claims made along the way so it wouldn't be a surprise to me if the question asked doesn't have some validity. There is no possible way the police would have conducted a $10 million dollar plus investigation unless they had some serious intel to go on. Word is the Police Commissioner is fuming over the money and time spent resulting at this point in time some small time drug activity that didn't warrant the
  8. In business it's very dangerous to set a precedent in order to appease a customer Granted there is a vast variance in the bet winning amount below and the winning return to the customer referenced in this thread but in Court it could be argued that the amounts in difference should not come into it but rather the process and reasoning that was applied to appease one customer should also apply to others. I think the punter used an obvious error to his advantage but they took his money for the bet and initially paid him which shouldn't have happened. The punter shouldn't have used the comp
  9. To be fair to John Allen on his quote below he was clueless on betting and was guided by other clueless management with some unfortunately still there guiding the rudderless ship. $19,000,000 a year in profit but no mention of the $17,000,000 a year to maintain and service it. Yes the NZ Racing Industry got shafted big time. Mongrel system won't be generating enough profit to make it any use to the Racing Industry. Only winners will be the Sports codes reaping the extra income for no cost. The above again demonstrates what happens to an Industry when you have nil
  10. A $50,000,000 betting platform along with $17,000,000 a year to maintain it and you upset customers because it doesn't update price changes what a joke just like the idiots who said this is the system we need to purchase.
  11. Last racing venue for this greyhound is NA?
  12. Blossom Lady sorry to say the only situation relating to your above post is that you have 100% 'exposed' only yourself to be sadly lacking in the skills of scrutinizing and researching information. Probably best that you don't ever consider taking up a second career as a Detective. THE TORCH is male and Jan Skinner is female. Hope at least you have the basic scrutinizing skills to realise that there is a slight difference there. Go away and brush up on your ability to do the right researching so you will come back with the correct name of the poster who you got horribly wrong. Proba
  13. UK based wagering operator he worked for was Blue Square who under performed and was sold for a fraction of what it was once worth. Purchased by Betfair to acquire the customer data-base. Interesting to see Blue Square teamed up with the same outfit as the NZ TAB, Open Bet. In 2012 all the benefits of the renewed partnership advised to the media and 1 year later done and dusted. 2012 - Blue Square agree OpenBet deal Operators Blue Square Bet have extended their relationship with OpenBet by signing up to the supplier’s Online Product Roadmap. The online betting firm have signed a multi
  14. Your going bad when your making John Allen's performance as CEO look good.
  15. Oddly my two questions were not answered both related to transparency so I will put it down to he has no clues on both situations which is a disturbing situation. The bonus bet fiasco is a major concern as a determination as to how it occurred was promised nearly one year ago. One can only assume that it was an internal management #@%& u that is too embarrassing to report on. Personally I would blame the CFO at the time who must have been aware of the situation and if not why wasn't he? Thankfully for the benefit of the NZ Racing Industry that person moved on about 12 months ago.
  16. Ha I see it' closed in the last hour. Probably not bad for the DIA it only took them six days to wake up. All three codes got to nominate someone to represent them. Alan Jackson nominated I read somewhere nominated by NZTR. Not sure if he is the best around as he didn't seem a very dynamic Chairman of NZTR in my opinion but to be fair on the guy that's only due to feedback I have heard from a few involved in that code and others may well think he is the right person. I have heard two names mentioned as nominations for the Harness and Greyhound codes but I hope the info I got is
  17. a calendar for Christmas. Remembering this is the outfit who administer the TAB and advise the Racing Minister re racing policy. Screenshot taken today six days after nominations closed so get it right DIA nominations are closed not currently open %$&k me just no idea.
  18. What is the bank debt currently (was $45 million EOY) and when do you expect this debt will be completely cleared?
  19. That's good to hear someone knows how to promote one side of their business successfully, shame that publican isn't in charge of marketing at the NZ TAB. The local TAB Agent threw the towel in as he said after paying all expenses he was earning $4.50 an hour, it used to be in the top 3 Agency's turnovers once upon a good time. Yes the NZ TAB are going real well when a situation like that turns around. I also will judge the new board and management on results once they are appointed. When an Organisation has a National monopoly no customer should be leaving because of mismanagement or
  20. I did until I opened a betting account overseas. I will give you one thing your 100% the NZ TAB's #1 cheerleader. I give them a tune-up because they continue to cost the Industry lost revenue because of their gross incompetence in understanding how to run a wagering operation and how to service customers. At least registered on & off course bookies in NZ would be another avenue for a punter to try and get a better service. Not saying they might receive that but let's be honest any overseas outfit doesn't have to worry about the competition here. Bigger punters have left the NZ TAB i
  21. Unfortunately they would be incapable of selling beer to an alcoholic. The TAB was set-up for the right reasons unfortunately over the years those reasons were lost due to management incompetence. Monopolies lose any incentive to innovate or provide new and improved products plus customer service deteriorates to near zero which all adds up to the NZ TAB.
  22. Rangiora punter 'shocked' at betting agency TAB's reluctance to investigate counterfeit notes Mariné Lourens05:00, Jan 12 2021 An avid Canterbury punter says he was “shocked and annoyed” when he reported receiving counterfeit notes in a racing day payout and was told by the TAB there was nothing it could do. Bruce Gasson, an elite TAB customer, won $680 at the trots at Rangiora Harness Racing Club on the first Sunday of the new year. His payout included three $100 notes. Gasson said when he arrived back home, he realised two of the notes “didn’t look q
  23. - How can the TAB post millions as profit in the Annual Accounts for merchant fees when the amount to look to recover is only supposed to represent the actual cost of the service for a business. Cost and recovery for the fees should balance each other out. And why does the TAB who are presently pleading for customers to come back and bet with us continue to charge this fee when Australian bookmakers and TAB's incur the cost of credit card fees themselves. - When can the Industry expect the promised independent report back in Mach of last year on why millions of dollars in bonus bets
  24. Yes and as I have said it took Covid to do it. They were broke believe it or not but Covid actually helped them out. Maybe if the clowns actually listened to their customers there might be a lot less to moan about. Here they are pleading with customers to come back and bet with us but have they actually bothered to ask them why they deserted them. They need too be told because they are obviously too thick to work it out for themselves. Most Companies ask customers why they have taken their business elsewhere but not this one.
  25. Ha rubbish I post, the results are there if anyone with a half a brain can clearly see. Give me one positive thing they did prior to Covid? Ha they increased the o/d to $40 million - real positive trading of a Company well in the crap. .You really think they are going that well they have their hands ties and the Minuister has been advised that more money will be needed to prop them up. And in case you are a bit slow there are plenty of people who have zero faith in the current management as the above quote re performance monitoring would suggest.