RaceCafe..#1...Tipsters Thread.... Share Your Fancies For Fun...Lets See Who The Best Tipsters Here Are.
LightsOut

He has to be taking the piss....

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"Despite far reaching efforts to reduce costs across the TAB, including salary reductions, staff taking leave and reducing all non-essential expenses, it simply was not enough to offset the blow (Bayliss knew all about blow) Covid-19 has had, and will have, on our industry," executive chair Dean McKenzie said.

https://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=12334597&fbclid=IwAR1POn-S8u3ZDmjoMwAHhNkRoMD2DjVt0u26VK_S47zRlgH4b6GPw1KfrG4

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What really pisses me off is that racing has already been shut out....simply read the first three words of the article....

"Sports betting agency TAB is informing staff of job losses today, after a proposal to cut hundreds of roles due to the Covid-19 downturn."

The  TAB is now referred to as "sports betting agency"

 

 

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20 minutes ago, Berri said:

What really pisses me off is that racing has already been shut out....simply read the first three words of the article....

"Sports betting agency TAB is informing staff of job losses today, after a proposal to cut hundreds of roles due to the Covid-19 downturn."

The  TAB is now referred to as "sports betting agency"

 

 

Sport of Kings :rcf-thinking-1:

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Down 50% what a surprise but of course this didn't have to happen , racing could have continued on just as it has in Australia but comrade cindy was trying to create fear and exaggerate the crisis , people living in fear are easy to con . This is reading like the $72 million won't be enough , how much more borrowed money do you think racing will need to be given .

I guess the real question is will racing survive ?

"The betting company's parent entity, the Racing Industry Transition Agency (formerly the Racing Board) said revenue was down almost 50 per cent in April, with most live sports and racing cancelled over the last few months."

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Quote

"The implication of the pandemic extends beyond the immediate impact to the TAB, with racing and sport looking very unpredictable over the next year. The reality is the TAB will need to be a leaner, more efficient business with fewer roles, and focused on driving our core wagering and gaming business.

Wasn't that the mandate given to RITA by Winston Peters when he legislated them to take over  on 1st July 2019? It's like John Allen has been reincarnated.

RITA needed Covid 19 to make them wake up and realise what a pandemic actually is and to click that maybe the Racing Industry was already in that state before the virus struck! 

Pandemic definition is - occurring over a wide geographic area and affecting an exceptionally high proportion of the population

Examples of Pandemic : Research from the 'Deloitte & Messara Reports' paint a bleak picture of the economic toll that the NZ Racing Industry will suffer for years to come due to the TAB's 'pandemic' of employing brain dead CEO's and General Management resulting in closed racetracks,breeding numbers down by hundreds as well as huge numbers of Industry related job losses. In one small bizarre way the NZ TAB showed the Nation that when either a 'man made Industry pandemic' or a 'virus pandemic' hits the end result is much the same.

Now if the NZ Racing Industry had seen the 'pandemic' coming and put the NZ TAB  General Management into 'Lockdown' maybe things could have got better a lot sooner rather than later and the fallout damage would have been a lot less to endure and the recovery rate greatly shortened. 

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