Big announcement pending

[Don't You Believe It 93]

On 4/20/2017 at 2:37 PM, slam dunk said:

Perhaps you could in clear language explain what the FO betting platform is and how it differs to the current "platform"

FO = Fixed Odds and it is largely automated and controlled offshore.  Hence saves big $$$ of bookies here pricing the same events as already priced overseas.  Plus lack of genuine expertise locally.  Be a few bookies and odds fiddlers here looking for work.

Probably better late than never but was on the radar ten years ago - just never executed.  Blame previous Board's and Senior Mgmt.

 

[Don't You Believe It 93]

23 hours ago, Newmarket said:

Can anyone categorically tell me where this additional money is coming from.

Is it from  reserves or does NZRB modelling think that it will come from offshore in the guise of fees from racefield legislation.

They are essentially saying trust me we will make this extra money.  A bit like a company promising a big dividend before they have sold anything.  If it goes tits up then will have to come from reserves.  I don't think they'll make as much as they think from Racefields and Offshore betting legislation, but the FO platform change should save some headcount cost.  Let's be generous and say they get half way there so that only half the promise has to come from reserves.  Oooops.

[Don't You Believe It 93]

19 hours ago, Ohokaman said:

Correct NM.

Agree 100%

[slam dunk 1,317]

10 hours ago, shaneMcAlister said:

FO is fixed odds.  The idea is the new Fixed Odds betting platform will enable 10,000's of options for betting (like Ladbrokes, Bet365, William Hill etc have already).  This is very appealing for American Sports (which by their stop start nature etc have the biggest turnovers of all sports).

 

This is bit like a car salesman saying the new car will run faster and cheaper but won't tell or can't whats under the bonnet. For all thats been written about the FO Platform no one any where has given an indepth technical and business description.

[Leggy 4,066]

11 hours ago, 2Admin2 said:

The more you read about this announcement the more smoke and mirrors you can see.  In the short term it must be coming from reserves or pokies as the current NZRB turnover is down 2.5%.  Given the shift from the tote to lower yield fixed odds continues racing derived revenue must be down.

Haven't posted these figures for a while. Good news for participants in the short term but it's like selling the family silver to pay for the gin. And where the hell are the RB 6 month financials? I might like the lengthy kind of massage that they must be getting.

NZ Thoroughbred Summary FY17	This Season, Year to Date	Last Season, Year to Date	Variance +/()	Variance +%/(%)
Meetings	222	236	(14)	(5.93%)
Races	1,839	1,993	(154)	(7.73%)
Total Starts	19,404	20,978	(1,574)	(7.50%)
Avg Field Size	10.55	10.53	+0.03	+0.24%
Number of races less than 8 starters	283	311	(28)	(9.00%)
Off-Course Turnover (Totalisator & FOB)	288,668,379.08	303,567,152.93	(14,898,773.85)	(4.91%)
On-Course Turnover (Totalisator & FOB)	23,128,967.87	26,059,489.06	(2,930,521.19)	(11.25%)
Total NZ Thoroughbred Turnover	311,797,346.95	329,626,641.99	(17,829,295.04)	(5.41%)
Subtotal Totalisator Turnover	212,690,527.08	218,298,418.89	(5,607,891.81)	(2.57%)
Subtotal FOB Turnover	99,106,819.87	111,293,433	(12,186,613.13)	(10.95%)
NZ Thoroughbred Turnover per Race	169,547.23	165,392.19	+4,155	+2.51%
NZ Thoroughbred Turnover per Starter	16,068.72	15,712.97	+356	+2.26%
Total NZRB Racing Turnover	1,217,931,235.67	1,270,135,777.42	(52,204,541.75)	(4.11%)
Subtotal NZ Racing Turnover	582,085,449.3	619,581,901.47	(37,496,452.17)	(6.05%)
Subtotal Imported Racing Turnover	635,845,786.37	650,553,875.95	(14,708,089.58)	(2.26%)
Total NZRB Sports Turnover	403,692,306.16	393,192,659.14	+10,499,647	+2.67%
Total NZRB Turnover	1,621,623,541.83	1,663,328,436.56	(41,704,894.73)	(2.51%)
NZ Thoroughbred Export Turnover $NZ (to 31 Mar)	226,598,457.53	246,760,241.03	(20,161,783.5)	(8.17%)
Total Races (to 31 Mar)	1,724	1,874	(150)	(8.00%)
NZ Thoroughbred Export turnover $NZ per race	131,437.62	131,675.69	(238.07)	(0.18%)

 

[Midget 4,489]

I'm amazed more people haven't expressed concerns about the Bernard Saundry situation. 

It does make you wonder if this industry gets what it deserves and deserves what it gets.

[Turny 1,224]

38 minutes ago, Midget said:

I'm amazed more people haven't expressed concerns about the Bernard Saundry situation. 

It does make you wonder if this industry gets what it deserves and deserves what it gets.

Midget, the level of distrust is high - acceptance level low as they will do what they want on another agenda on which participants do not feature highly 

[Fartoomuch 1,376]

1 hour ago, Midget said:

I'm amazed more people haven't expressed concerns about the Bernard Saundry situation. 

It does make you wonder if this industry gets what it deserves and deserves what it gets.

Perhaps because he cant be any worse than his predecessors and because NZRB run the show. Their actions dictate the future of the game.

[cherry_bomb 89]

Leggy thanks for posting that table. FOB racing has taken a big hit comparatively, impact of offshore bookies poaching?

[Kotare_Hunter 748]

1 minute ago, Sandpiper said:

Leggy thanks for posting that table. FOB racing has taken a big hit comparatively, impact of offshore bookies poaching?

Kiwi punters forced offshore ?

 

[We're Doomed 4,855]

No one really seems to have latched onto the fact that over half of the increase will fund the $10,000 minimums already announced. That leaves about $57,000 a week to actually boost stakes further. All it allows for really is to say move rating 70/75's at industry meetings to around $12,500 and rating 80/85's to about $15,000. There may be a few thousand left to boost a few other races, but not much. So anyone thinking of Saturday minimums of $35,000 is dreaming. Besides, the increased Saturday stakes so far haven't really achieved much, just look at Trentham this weekend.

The other thing that hasn't been commented on is the optimising of the racing calendar. I wonder what they mean by that?

[puha 2,177]

1 hour ago, Sandpiper said:

Leggy thanks for posting that table. FOB racing has taken a big hit comparatively, impact of offshore bookies poaching?

A mate of mine has been smashing a local sport lately and  doing well. His bets have been harder to place lately and the TAB reps have requested a talk on the phone . You know the odds and we won't let you win consistently.

[Leggy 4,066]

3 hours ago, Midget said:

I'm amazed more people haven't expressed concerns about the Bernard Saundry situation. 

It does make you wonder if this industry gets what it deserves and deserves what it gets.

Well this is all rumour at this stage isn't it? But you'd have to wonder how he could possibly even be interviewed if in fact that is true. Left RV under claims of tacitly supporting bullying and with member clubs reportedly “bleeding’’ and desperately needed funding. Just what we need I guess.

 

[Midget 4,489]

4 hours ago, Leggy said:

Well this is all rumour at this stage isn't it? But you'd have to wonder how he could possibly even be interviewed if in fact that is true. Left RV under claims of tacitly supporting bullying and with member clubs reportedly “bleeding’’ and desperately needed funding. Just what we need I guess.

 

It's true.

[Trump 2,741]

 The good ones are kept. Saundry is finished in Melb so really, NZ is really a backward step for him. Good luck to all if he's the chosen one. 

[Ohokaman 5,822]

When will we ever learn..?? You would have thought the Andrew Brown appointment would have put them off overseas applicants for a lifetime, but what do we get...Purcell, Bayliss, Saunders et al and now Saundry....????

As Midget says, we get what we deserve.....

[Don't You Believe It 93]

On 4/21/2017 at 8:27 PM, Sandpiper said:

Leggy thanks for posting that table. FOB racing has taken a big hit comparatively, impact of offshore bookies poaching?

Means nothing without considering the gross yield / revenue / gross margin.  I recall JA saying something about losing a few big punters.  Probably due to not paying enough rebates.  The lack of transparency makes it difficult to assess anything more.

 

The overall NZTR decline looks consistent with the decline in races - due to weather?  this year.