CosmicBlackie 128 Report post Posted January 29, 2018 The NZRB formed their own trust so that they could administer the funds from gaming. That is one part of their business model that is actually growing, and they have invested in more sites, and have upgraded existing ones. What probably is in question is the costs involved in getting those funds that they return to the community, as by law, they have to return a %. Turny 1 Quote Share this post Link to post Share on other sites More sharing options...
Trump 2,741 Report post Posted January 29, 2018 1 hour ago, poundforpound said: How do you measure operating costs v profit ? I’d have thought you’d need to find similar global entities, Western Australia maybe, or Galop France, probably the latter actually as their industry seems to be set up similar to ours. That’d be the only fair way to measure NZRB costs. I agree. For example, although Qld has a similar population as NZ, Racing Qld supports Non-TAB meetings for no return to the Industry. These non-TAB meetings make up 39% of all races in Qld? Why do they support them? Because of the important Social and Cultural impact they have on rural communities. Where you can compare Qld v NZ is on Infrastructure spending. I think you'll find that NZ lags badly in this area. Midget 1 Quote Share this post Link to post Share on other sites More sharing options...
Guest 2Admin2 Report post Posted January 29, 2018 33 minutes ago, poundforpound said: The NZRB has a 100% water tight Class 4 gaming licence, just like say the St John’s Ambulance might have, and there’s really no chance they’ll ever lose that licence. They can do what they like with the proceeds of the pokies in their venues, however, I agree that on moral grounds a substantial portion of those proceeds should go to the community from where they came. The NZRB may have a "100% water tight Class 4 gaming licence" but that doesn't preclude the ultimate licensor negotiating a trade off to appease political needs. As far as I know St John's Ambulance don't have a licence. I think the political grounds will out weigh any moral grounds. I think Taxinda will demand a compromise that is politically tenable and that means a focus on the Class 4 license and sports gambling. Quote Share this post Link to post Share on other sites More sharing options...
Ohokaman 5,842 Report post Posted January 30, 2018 The Tasmanians go to the polls shortly and Labour have said they will phase out pokies altogether because of problem gambling. You can guarantee that will be watched closely. Insider 1 Quote Share this post Link to post Share on other sites More sharing options...
Insider 3,961 Report post Posted January 30, 2018 2 hours ago, Ohokaman said: The Tasmanians go to the polls shortly and Labour have said they will phase out pokies altogether because of problem gambling. You can guarantee that will be watched closely. We should follow suit. Quote Share this post Link to post Share on other sites More sharing options...
CosmicBlackie 128 Report post Posted January 30, 2018 You’d have to find a way of replacing the 20 odd million of revenue that the pokies generate for racing if the above were to happen. Quote Share this post Link to post Share on other sites More sharing options...
Insider 3,961 Report post Posted January 30, 2018 21 minutes ago, CosmicBlackie said: You’d have to find a way of replacing the 20 odd million of revenue that the pokies generate for racing if the above were to happen. There are ways of doing that and we would have less gambling harm being done to our communities. Quote Share this post Link to post Share on other sites More sharing options...
CosmicBlackie 128 Report post Posted January 30, 2018 Agreed, no argument there. That age old debate of whether gambling should be supporting , well, gambling. NZRB seem to have gone down that path, including the gaming turnover in their overall turnover, so its a significant investment for them. They’d have to “unwind” and go down a significantly more different path, what that is, I don’t know. Quote Share this post Link to post Share on other sites More sharing options...
eljay 1,720 Report post Posted January 31, 2018 Winston's Big Announcement as big as Winston himself Quote Share this post Link to post Share on other sites More sharing options...
Ohokaman 5,842 Report post Posted January 31, 2018 NZF down to 3.8% in latest poll.....they will be gone.....and Peters with them...... Quote Share this post Link to post Share on other sites More sharing options...
chevy86 2,710 Report post Posted January 31, 2018 18 minutes ago, Ohokaman said: ...they will be gone..... Fishing or down the mine?? Either way Peters won't give a damn--just tell me ONE thing he has done for the betterment of the country rather than his self interest. ( And don't bother regurgitating the Wine Box) THE TORCH 1 Quote Share this post Link to post Share on other sites More sharing options...
Midget 4,489 Report post Posted January 31, 2018 Just been reported the NZ First is now below the 5% threshold.Is this because of failed promises or other issues? Quote Share this post Link to post Share on other sites More sharing options...
richie 1,027 Report post Posted January 31, 2018 1 hour ago, Midget said: Just been reported the NZ First is now below the 5% threshold.Is this because of failed promises or other issues? With margin of error 3%. Never thought you would be one to take notice of polls. Quote Share this post Link to post Share on other sites More sharing options...
richie 1,027 Report post Posted January 31, 2018 1 hour ago, Ohokaman said: NZF down to 3.8% in latest poll.....they will be gone.....and Peters with them...... A year after last election they were at 2%.Polls in non election years have proven in past to have no meaning Quote Share this post Link to post Share on other sites More sharing options...
Hawke's Bay Lad 28 Report post Posted January 31, 2018 On 1/30/2018 at 8:39 AM, 2Admin2 said: Although Taxinda seemed confused in her statement I believe she was alluding to the financial benefit NZRB gets from pokies. I wouldn't be surprised that any assistance offered by Government will be done on the condition that NZRB relinquishes their pokies license or totally commit to putting that revenue directly back to the community they derived it from. Sorry - I haven't read or watched the Labour leader's (sorry - the PM's) comments but surely the racing industry would be crazy to agree to such a deal. Like P4P I believe the pokies are a blight on society but currently it is what it is so why would racing want to give that away. I don't know what the NZRB distribution from their pokie revenue is annually. I did see some figures from a gaming trust recently that said they had distributed $1m in their last round. So even "a round" say every 2 months equals $6m per annum, which I would suggest is reasonably small fry to some trusts. But taking that trust as an example, and if that's about what the NZRB returns, it wouldn't take many years to get to the quoted $20 million to fund an artificial track and even it's ongoing maintenance at say 20% per annum. So, if the NZRB wants to be proactive why don't they direct all revenues from their pokies to track infrastructure? And maybe that's not an artificial track that will only benefit those close too. Maybe it's a $x million investment over x number of years that will support x number of tracks, from the far north to however deep is needed to go in the south. And I would suggest that could mostly come direct from their pokie revenue, wrong as that may be but as aforementioned that is the way it is at the moment. Once that is done though there may well be some decent track facilities established which can support/provide an alternative when the unfortunate climatic conditions of late occur. And I must add that even though I live a long way from the City of Sails I am fully in support in recognising Ellerslie as our flagship venue. A Strathayr track, or whatever improvements there are to that, is a must - the Auckland RC probably have enough monies themselves to do it but whether that be the case or not it should be part of a bigger industry plan. In closing I would suggest we don't need government "conditions" on investment. The GDP alone should convince them of their need to invest and if the NZRB is everything it is made out to be in terms of revenue they are the first ones that should be putting monies forth. Quote Share this post Link to post Share on other sites More sharing options...
Guest 2Admin2 Report post Posted January 31, 2018 1 minute ago, Hawke's Bay Lad said: Sorry - I haven't read or watched the Labour leader's (sorry - the PM's) comments but surely the racing industry would be crazy to agree to such a deal. Like P4P I believe the pokies are a blight on society but currently it is what it is so why would racing want to give that away. I don't know what the NZRB distribution from their pokie revenue is annually. I did see some figures from a gaming trust recently that said they had distributed $1m in their last round. So even "a round" say every 2 months equals $6m per annum, which I would suggest is reasonably small fry to some trusts. But taking that trust as an example, and if that's about what the NZRB returns, it wouldn't take many years to get to the quoted $20 million to fund an artificial track and even it's ongoing maintenance at say 20% per annum. So, if the NZRB wants to be proactive why don't they direct all revenues from their pokies to track infrastructure? And maybe that's not an artificial track that will only benefit those close too. Maybe it's a $x million investment over x number of years that will support x number of tracks, from the far north to however deep is needed to go in the south. And I would suggest that could mostly come direct from their pokie revenue, wrong as that may be but as aforementioned that is the way it is at the moment. Once that is done though there may well be some decent track facilities established which can support/provide an alternative when the unfortunate climatic conditions of late occur. And I must add that even though I live a long way from the City of Sails I am fully in support in recognising Ellerslie as our flagship venue. A Strathayr track, or whatever improvements there are to that, is a must - the Auckland RC probably have enough monies themselves to do it but whether that be the case or not it should be part of a bigger industry plan. In closing I would suggest we don't need government "conditions" on investment. The GDP alone should convince them of their need to invest and if the NZRB is everything it is made out to be in terms of revenue they are the first ones that should be putting monies forth. Some smart people have done the analysis that shows racing's contribution to GDP is negative. Quote Share this post Link to post Share on other sites More sharing options...
Hawke's Bay Lad 28 Report post Posted January 31, 2018 26 minutes ago, 2Admin2 said: Some smart people have done the analysis that shows racing's contribution to GDP is negative. And that may well be true, I'm only going on what has been quoted and I am negligent in repeating that without investigating myself. The point remains though, being that given their revenues NZRB should be able to fix this themselves - and without adhering to "government conditions/whims" that may see the industry poorer (if that is possible G@d forbid!) Quote Share this post Link to post Share on other sites More sharing options...
Insider 3,961 Report post Posted January 31, 2018 33 minutes ago, 2Admin2 said: Some smart people have done the analysis that shows racing's contribution to GDP is negative. Please tell me who these “smart people” are, as it’s codswhollop to me. Quote Share this post Link to post Share on other sites More sharing options...
scooby3051 10,929 Report post Posted January 31, 2018 2 minutes ago, poundforpound said: Why would you even listen to him, he hates everything about Racing because he’s a nobody in the game. There are NO smart people and there’s NO such analysis. How was your dinner at HQ ? No mate he knows everything about everything....nobody is smarter. Quote Share this post Link to post Share on other sites More sharing options...
Guest 2Admin2 Report post Posted February 1, 2018 18 hours ago, poundforpound said: Why would you even listen to him, he hates everything about Racing because he’s a nobody in the game. There are NO smart people and there’s NO such analysis. How was your dinner at HQ ? Crap. Wouldn't go again. Used serviettes on the seats. Dirty table and a poor attempt at nouveau cuisine copied from Master Chef. Quote Share this post Link to post Share on other sites More sharing options...
Guest 2Admin2 Report post Posted February 1, 2018 1 minute ago, poundforpound said: Demonstrates how much you don’t know about yet another subject Well the person I went with is a qualified chef and has owned restaurants. She enjoyed her first visit with friends but the second fell well short. As you said "It's only a pop up". Quote Share this post Link to post Share on other sites More sharing options...
barryb 2,064 Report post Posted February 1, 2018 7 minutes ago, 2Admin2 said: Well the person I went with is a qualified chef and has owned restaurants. She enjoyed her first visit with friends but the second fell well short. As you said "It's only a pop up". Most likely the company she was with, first visit with joyful cheery people, 2nd visit with you. Insider 1 Quote Share this post Link to post Share on other sites More sharing options...
Guest 2Admin2 Report post Posted February 1, 2018 4 minutes ago, barryb said: Most likely the company she was with, first visit with joyful cheery people, 2nd visit with you. Actually no. Unlike many she forms her own opinion. I suspect the first visit was luck. Quote Share this post Link to post Share on other sites More sharing options...
bloke 1,232 Report post Posted February 1, 2018 22 hours ago, chevy86 said: Fishing or down the mine?? Either way Peters won't give a damn--just tell me ONE thing he has done for the betterment of the country rather than his self interest. ( And don't bother regurgitating the Wine Box) I stand to be corrected Chevy but from memory NZ First (Winston) and Labour introduced Kiwi Saver which in my opinion is probably one of the most significant pieces of legislation introduced in the last 40 years. National who believe in the individual doing his / her own thing oppossed it because they had National Super introduced by one of their own, Rob (The Socialist ) Muldoon. Quote Share this post Link to post Share on other sites More sharing options...
Guest 2Admin2 Report post Posted February 1, 2018 3 minutes ago, poundforpound said: Name the restaurants .... Cobb & Co Fat Lady's Arms Quote Share this post Link to post Share on other sites More sharing options...