Berri 2,131 Report post Posted November 11, 2020 Winfried Engelbrecht is the CEO of the Hong Kong Jockey Club. He has been an advocate of setting up a World Comingling Pool from Hong Kong. The UK Tote has collaborated with them for the past two Royal Ascot meetings. in the last 24 hours China expelled 4 legislators who were pro-democracy legislation representatives. The rest have now also resigned, so now China has complete control of Hong Kong. It's all over. Prior to these events, numerous key pro democracy protestors were arrested and deported to China. These arrests were made during the HK Covid lockdown. Chinese investors have been investing heavily in the thoroughbred industry, which the China Horse Club being the most conspicuous of them all. The Chinese MIO is all about the long game. So what does this mean for NZ and betting Worldwide? So many questions, so many answers. Quote Share this post Link to post Share on other sites More sharing options...
stodge 1,938 Report post Posted November 11, 2020 From the UK perspective, I suspect it'll have very little impact. Unless there is significant political pressure applied, the UK Tote will continue with the World Pool for the Royal meeting next year. It's unlikely China will do anything about the HKJC as long as the latter doesn't get involved in anything political. Beyond political control, China has been quite happy to allow HK to continue making money. Quote Share this post Link to post Share on other sites More sharing options...
pakari 24 Report post Posted November 12, 2020 4 hours ago, Berri said: Winfried Engelbrecht is the CEO of the Hong Kong Jockey Club. He has been an advocate of setting up a World Comingling Pool from Hong Kong. The UK Tote has collaborated with them for the past two Royal Ascot meetings. in the last 24 hours China expelled 4 legislators who were pro-democracy legislation representatives. The rest have now also resigned, so now China has complete control of Hong Kong. It's all over. Prior to these events, numerous key pro democracy protestors were arrested and deported to China. These arrests were made during the HK Covid lockdown. Chinese investors have been investing heavily in the thoroughbred industry, which the China Horse Club being the most conspicuous of them all. The Chinese MIO is all about the long game. So what does this mean for NZ and betting Worldwide? So many questions, so many answers. Nothing, was tried by global tote and failed, move on... Quote Share this post Link to post Share on other sites More sharing options...
Berri 2,131 Report post Posted November 14, 2020 On 11/12/2020 at 1:23 PM, pakari said: Nothing, was tried by global tote and failed, move on... What?!? You got you head in a beer? Quote Share this post Link to post Share on other sites More sharing options...
uneasy 497 Report post Posted November 14, 2020 My brother and I had lunch when at Royal Ascot with one of the mover and shakers of the World tote, we suggested he come here for a visit, if only!! Quote Share this post Link to post Share on other sites More sharing options...
Berri 2,131 Report post Posted November 15, 2020 I know both Eamon and Alex who bought the UK Tote. What I'm really afraid of is the the Chinese do what the Chinese do and put systems in place to eventually own the tote space in the World. We know what the MO is so why wouldn't gambling be the same before the introduction of horse racing in China. Just so happens they have taken control of Hong Kong. Quote Share this post Link to post Share on other sites More sharing options...
LightsOut 486 Report post Posted November 15, 2020 Quote So what does this mean for NZ and betting Worldwide? So many questions, so many answers Maybe you could ask the NZ TAB's rep although he will be gone by the end of the month so you better hurry up as apparently he isn't the best at responding to questions. Click the link below for some info on the World Tote Association and for the NZ contact. https://world-tote.org/organisation/ Patiti and Baz (NZ) 1 1 Quote Share this post Link to post Share on other sites More sharing options...
pakari 24 Report post Posted November 16, 2020 On 11/15/2020 at 6:13 AM, Berri said: What?!? You got you head in a beer? Of course there will be an increase, online betting is up across the globe. Maybe they need a pick 8 product....... Quote Share this post Link to post Share on other sites More sharing options...
Berri 2,131 Report post Posted November 16, 2020 It doesn't really matter whether its online betting or not. If you are operating a pools bet, then you need liquidity...you needs lots of people betting so that when you place a bet, the odds don't change. I'm into collaboration in this respect, because the margins are getting squeezed as the race to the bottom for takeout rates accelerates. Online offerings only serve to promote this and this is the conundrum facing racing. If you don't have a takeout rate, you don't get enough to pay for racing stakes. Somewhere in the myriad of offerings a fine balance needs to be struck, or that your offering (the event itself) is so compelling that people don't mind paying a bit more for it. The challenge is to find the balance between the two. Having a universal World Pool for betting is a great idea but having the Chinese control it? That's what this post was about. In respect of a simple Pick 8, it won't work because you have insufficient churn of the betting dollar. Once again, it's a fine balance between having the ability to generate enough interest in a populous to participate and establishing an acceptable economic model to provide the industry with funds it so badly needs. The real challenge for any incoming Minister for Racing is identifying what is going to happen next in respect of technology, as this is the arena where the future of the industry will either succeed or fail. All I would be saying is that the major disruptor on the horizon is the blockchain and this may be the biggest challenge of them all. Tauhei Notts 1 Quote Share this post Link to post Share on other sites More sharing options...
