Don’t think it was ever revealed what HRV made from exporting trots to France, commercial inconfidence claimed buy John Anderson. As I understand it we make considerably more from NZ. Given that the PMU has cut the product to save money I’d have to assume it was not wildly profitable for them so presumably not wildly profitable but a little icing on the cake for us.
Total turn over isn’t how HRVs share of the joint venture is calculated, revenue comes into it some how so yes with different rates for TAB and corporates it does make it pretty difficult for those of us following along from home to follow so I’d be all for an easy marker such as return to industry. Surely the point of consumption tax has seen a better return from the corporates to industry? With their reduced take out and ability to market I’m not sure that a dollar wagered on the corporates would be returned in full to the TAB if the corporates were no longer in the market place. That said I wonder how long they can exist on there business model in this marketplace. They set up amongst a virgin population to plunder and in effect that is what they have done, there’s only so many punters coming of age or migrating once they gone through the existing population and barred the successful punters. That Corporates predominantly service the addictions of losing problem gamblers is probably the best measure to push with government, along with as a Brenno said the employment opportunities.
But that in itself Brenno is an increasing problem, back when low skilled people worked on assembly lines in un air conditioned factories, or worked the land by hand or on an open tractor working in a stable was seen as a very desirable alternative. But not now with many seeing stable work as being menial tasks in a largely unprotected from the elements workplace and often with difficult hours to boot. Many trainers, particularly TB already struggle to find appropriately skilled staff.
Hi Dot
Happy New Year!
Yes not based on turnover but revenue. Dropping off every year so turnover must form part of the equation.
Don't think much (if any) of POCT is returned to industry. Not in Vic anyway. Tried to attach pic so hopefully works but goes to hospitals and charities. Bit above says 1.5% total gaming tax revenue returned to industry? So 1.5% of 15% ? Guess that's the $3m extra state govt handed out to HRV.
Hello Paul Happy New Year. Can’t say I understand Vics JV agreement other then it seems complex, not favourable to harness and has many elements out of our industrys control. NSWs fixed percentages seems so much more straight forward and who knows how convoluted WA will end up when it’s TAB is privatised. Government have said the industry would be no worse off but hey I wonder if they said that in SA too.
As I understand it Paul the $3million ( actually $6m over 2years) promised at the election ( and said to be matched by the coalition) and now delivered by Pakula is from the POCT, so from the document you’ve posted was due to us anyway in the agreement to introduce the POCT so really Pakula promised and delivered the industry nothing with the election
Ray Chaplin of Equine Excellence has done an interesting Assessment of HRV's performance which is concise and interesting to read
If any one would like a copy to read email him at chapray@bigpond.net.au
Greg Sugars was a Champion harness racing person
So HRV's plan and history of mainly trying to increase turnover is helping the corporate bookies more than anything else. The corporate's seem to be getting most of the new business and the industry misses out !
They need to encourage participants and the public to only bet with the TAB, they should be informing all registered people that they are short changing the industry if they bet with other agencies . Surely it wouldn't be that hard, even if they only get a small percentage to switch it will improve our return.
Don't die wondering !
For those who are interested in POCTax
Greg Sugars was a Champion harness racing person
https://harnessracingupdate.com/2019...-to-the-track/
"If you’re in it for fun and not for profit, you only need a small percentage.
The entertainment attributed to horse ownership is unmatched by any mainstream sports exposure. Simply put, that’s why and how thestable.ca works.
By changing the way we approach the general public and the message we attract them with, you will see an influx of interest and ownership requests never seen before.
Again, this isn’t hypothetical jargon, this is reality. Thestable.ca just surpassed 600 active clients before Christmas and now sits at 604. Our average client owns no more that four per cent of any horse.
We don’t sell investment, we sell entertainment. And we make good on our promise."
a very interesting piece from Anthony MacDonald again
Last edited by Messenger; 01-05-2019 at 11:29 AM.
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How do we get harness in the number 2 position?
A mention would be a good start. Darts are there (10th in line) and we are nowhere to be seen
Greg Sugars was a Champion harness racing person
Yes, and as discussed before we really do need to get ASIC out of syndicating horses in small affordable shares because it is for entertainment not investmentOriginally Posted by Dot
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