Saturday, November 28, 2020

TAB NZ October profit beats budget

TAB New Zealand reported net profit for October of $15.8 million, which was $4.4 million above budget and $3 million above last year. Profit was driven by strong domestic and international racing and by the All Blacks' first international appearance since the Rugby World Cup. 

Seoul area casinos and racing limited to 20% capacity

Seoul area casinos and racing facilities are being limited to 20 percent capacity under tightened Covid-19 related social distancing rules. While most other social venues will have 30-50 percent capacity limits, a tougher standard is being imposed on gambling venues.

Hurdles ahead for China horse racing

If China ever does allow legalized betting on horse racing, the Hong Kong Jockey Club (HKJC) is likely to play a vital role. First, however, it will need to help the industry navigate major hurdles.

Intervenue betting begins at Madras Race Club

The Madras Racing Club is set to begin today inter-venue betting for the races run at Bengaluru, Hyderabad, and Mysuru, although there will be a one-day delay in distributing the winnings from the other venues.
A race that no longer stops the nation

A race that no longer stops the nation? [Infographic]

Last week saw the end of the 2020 Melbourne Cup Carnival, held from 31 October to November 7. Known as "the race that stops the nation", the carnival is one of the biggest horse racing events in Australia and is well-known in the horse racing world. 

Melbourne Cup punter a millionaire after $30 bet

A New Zealand punter on the Melbourne Cup race has become a millionaire after placing a $30 bet, in what was said to be the biggest payout by the NZ Tab on the race.

TAB NZ September results ahead of budget

TAB NZ’s key results for September were ahead of budget and ahead of last year. The Business reported strong performance for the month across all products, with sport, international racing, and domestic racing all well ahead of budget. 

Study aims to quantify value of integrity units

Led by the horse racing industry, other sports bodies globally have been establishing integrity units. As the role and prominence of integrity units in sport increases they become more expensive to maintain and the question thus arises: are they worth it?

HKJC to play key role in China plan to promote horse racing

The Jockey Club’s HK$3.7 million facility in Conghua – and its expertise in betting – could become key planks in China’s bold new plan to establish a standardised national horse racing industry.

China racing gets government backing

Racing in China has received government backing following the unveiling of a five-year blueprint for the country’s equine sector in which the promotion of the sport and a related lottery form a key part of the strategy.

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TAB NZ October profit beats budget

TAB New Zealand reported net profit for October of $15.8 million, which was $4.4 million above budget and $3 million above last year. Profit was driven by strong domestic and international racing and by the All Blacks' first international appearance since the Rugby World Cup. 

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