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Victorian TAB Licence Renewal - Racing Talk - Racehorse TALK

Author Topic: Victorian TAB Licence Renewal  (Read 8571 times)

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Offline Bubbasmith

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O.P. « 2009-Feb-09, 12:10 PM »
From TVN website..

HONG KONG JOCKEY CLUB firms for VICTORIAN Licence

HONG KONG JOCKEY CLUB TOUTED A CERTAINTY

Melbourne, VIC, 09 February 2009 - The grapevine has Hong Kong Jockey Club a serious contender for the Victorian Wagering Licence. And what impeccable credentials Hong Kong has. Its rating at home is a class above all other competitors. HKJC has the best totalisator products, state of the art systems, and the deepest pockets to boot. What’s more it’s a lay down misere that it has in hand the overwhelming support of the Melbourne Racing Club establishment, which is salivating over the thought of regular first class Dom Perignon en-route and 5 star wild nights in Lan Kwai Fong as ambassadors of Victorian racing.

This big tip of the HKJC interest, as in most racing grapevine, comes from an obscure source – a concierge (a higher level of authority and credibility than a doorman). Four Seasons, Peninsular, Shangri La, Mandarin and Ritz Carlton are not the names of Hong Kong racehorses, but that of the hotels that will play host to the junket merry go round. Speaking of which Crown in Melbourne is expected to join the corporate bookies in their racing sponsorship war to win the hearts, minds and bank rolls of Honky high rollers.

The HKJC, so rightly proud and noble as Hong Kong’s greatest contributor to social welfare for three decades, will seize the opportunity to advance its ambition to become the racing world’s super power. Wishing to extend its influence through sophisticated technology and a star studded cast of international horses and knights, (jockeys and trainers are held in such esteem by the locals) the HKJC will find a welcoming market in Victorian racing. Victorian punters, scribes and academia are desperate for salvation and freedom from the drab fare imposed by Tyrannical TABCorp for the last two decades. Viva le revolution!

This archangelic gold sovereign has a massive flip side! Victorian racing will grow in prestige and prosperity as the HKJC introduces its own punters to Victorian racing doubling turnover in a single bound. In addition Hong Kong will deliver a host of owners to fill the pockets of racing’s elite – the breeders. Once it is announced the HKJC has won the tender, expect the migration of the country’s best stallions into Victoria and Chinese stud masters will rival the Arabs and Irish. All the boxes are hereby ticked!

The new CEO of Racing Victoria, Rob Hines, is no fool. He has either vision or “the tip”. Whatever, his revenue based product fee is tailor made and highly palatable to the HKJC and underwrites the future elevation of Victorian racing. Obviously, not so for TABCorp who are suing him for having such a singular vision that overlooks their decree. Is it because of jealousy and bile, as it seems TABCorp was seduced by the NSW population size and laid by the crass rhetoric of Racing NSW ignoring the appropriate attention due to Australia’s racing jewel - Victoria. Victoria’s will have both the best racing and the highest revenue from racing. New South Wales will have Tabcorp and Peter V'landys and no longer the biggest audience as even their own will defect to the international classy offering from Victoria and Hong Kong.

Mark Read’s IASbet.com, HKJC price of winning the tender has been reduced from $8.50 to $3.00 and will run odds-on once it shows its hand. Tattersalls has consequently drifted from $2.50 to $2.80 and TABCorp which was specked at the generous $6.00 is now back at $6.00 and certain to drift further as the publicity mounts with its litigation against Racing Victoria.

« Last Edit: 2009-Feb-09, 12:18 PM by Bubbasmith »

Offline Arsenal

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« 2009-Feb-09, 12:51 PM Reply #1 »
Politically unlikely I would think but should be a big wakeup call to Tabcorp.Very good post Bubba keep us informed.  emthup

Offline Max Manewer

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« 2009-Feb-09, 01:04 PM Reply #2 »
Honkers tote take-outs are extortionate.

Offline Bubbasmith

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« 2009-Feb-09, 01:45 PM Reply #3 »
Under Victorian legislation any operator would have to abide by current deduction rates. A problem could arise if HK pools, with the higher deduction rates, were co- pooled with Victorian pools. They could not have a differential takeout.

Offline Max Manewer

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« 2009-Feb-09, 02:46 PM Reply #4 »
NZ  % was more than ours before they joined them.

Offline Grega9430

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« 2009-Feb-09, 02:49 PM Reply #5 »
Whoever wrote that article which bags our TAB's should be made to pay Hong Kong commission rates.

I don't think that any punter has ever grown any more fond of our State TAB's than the standard norm of "we hate them", but in reality we have very little to complain about and a lot to be thankful for when you compare our Tote commission rates to other racing countries.

Offline BillandTony

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« 2009-Feb-09, 03:05 PM Reply #6 »
It was written by Matt Cosgriff.

Offline Max Manewer

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« 2009-Feb-09, 03:16 PM Reply #7 »
Incredible amount about of belly-aching about totes, corp. bookies, course bookies etc.  from idiots who fail to notice the agencies mentioned are commercial operators subject to govt. regulation.......if they not compliant with same, lodge complaint accordingly.

Steve M

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« 2009-Apr-27, 07:55 PM Reply #8 »
This story got a run yesterday with further comments that HKJC is heading in the right direction to get the nod.

If that happens...what changes should we expect?

Offline bluebaggers

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« 2011-Feb-16, 08:30 AM Reply #9 »
Is there anymore on this licence situation, seems to be dragging out big time, if not resloved soon could be a total disaster or is Tabcorp a shoe in of getting it back!!!

Offline Bubbasmith

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« 2011-Feb-16, 09:27 AM Reply #10 »
As Tabcorp is planning to demerge( one company to run gaming & another to run wagering ) the Victorian government has deferred making a decision on licence until that demerger is bedded down.

Offline manikato1

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« 2011-Feb-16, 09:32 AM Reply #11 »
The Vic government has also just gone through one change of company in a similar situation (metro rail system from Connex to Metro), and the disaster that occurred was probably responsible for the change of government.  The TAB license won't have the same impact on the general public, but I would reckon it might make the new government a bit shy of making a change.

Offline Peter Mair

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« 2011-Feb-16, 06:42 PM Reply #12 »


The issue is delivering the wagering product to punters......... takeout rates are set by governments

It is a nonsense to credit (or debit) a tote operator with any responsibility for tote takeouts.

Whatever the takeouts are in HK, and Singapore, takeouts in Australia are excessive -- the 17% overall, locally, should be 10% overall: high tote takeouts protect the bookmakers.

As I understand it the apparently high takeouts in HK simply mean a big SP market for -- non exotic -- win and place bets: high tax rates mean nothing if no one pays the tax.

The case against Tabcorp is mainly about its determination to set its policies, in a mercenary monopolistic way, that favour funding for racing while showing disdain for its customers  -- the punters that actually pay the excess freight.

After 50 years -- and the transition from benign to mercenary in its attitudes -- Tabcorp has to go.

A tote operator that actually respects its customers -- tote punters -- will be a very welcome development in Australia.

Offline sobig

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« 2011-Feb-16, 07:00 PM Reply #13 »
Without getting into an argument about who gets the licence Peter
the only 2 players in the running are Tatts and Tabcorp.

Where is the evidence that punters in Qld and SA (Tatts) have been looked after any differently then those
in NSW and Vic?

 

Offline Arsenal

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« 2011-Feb-16, 07:02 PM Reply #14 »
Anyone hoping for Tattsbet to get the gong should remember it alone amongst the 3 TAB's pays money back for the place. :chair:

As a matter of principle I couldn't vote for them............if I did have a vote. :thumbsd:

Offline Arsenal

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« 2011-Feb-16, 07:04 PM Reply #15 »
Without getting into an argument about who gets the licence Peter
the only 2 players in the running are Tatts and Tabcorp.

Where is the evidence that punters in Qld and SA (Tatts) have been looked after any differently then those
in NSW and Vic?

 

They've been "looked after" worse............. money back dividends ......whatever happened to the basic if you can't win you shouldn't be able to lose. :bleh:

Offline Skybeau

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« 2011-Feb-16, 08:04 PM Reply #16 »
The Vic government has also just gone through one change of company in a similar situation (metro rail system from Connex to Metro), and the disaster that occurred was probably responsible for the change of government.  The TAB license won't have the same impact on the general public, but I would reckon it might make the new government a bit shy of making a change.

The reason why Connex and to an extent Metro has been a disaster, is because the lack of spending from the government to maintain the rail system in a decent state.

Offline manikato1

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« 2011-Feb-16, 09:06 PM Reply #17 »
The reason why Connex and to an extent Metro has been a disaster, is because the lack of spending from the government to maintain the rail system in a decent state.

No argument from me, it should never have been privatized,  but that is not the argument here.  I just think that the experience the previous government went through might make the new one cautious about making a change, that's all.

Offline bluebaggers

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« 2011-Jun-06, 04:20 PM Reply #18 »
The announcement was only 4 weeks away and that was 8 weeks ago, what is going on!!!!!

Offline sobig

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« 2011-Jun-06, 04:35 PM Reply #19 »
The announcement was only 4 weeks away and that was 8 weeks ago, what is going on!!!!!

Did not the Victorian Govt announce that the decision would be delayed until after the Tabcorp demerger was finalized?

Offline bluebaggers

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« 2011-Jun-07, 02:23 PM Reply #20 »
I don't know but I was listening to an interview with Dr Napthine and he indicated that the announcement was about 4 weeks away.

The decision has already been made so why not announce it!!!!

Offline p

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« 2011-Jul-19, 11:03 AM Reply #21 »
Tattersalls this morning put out an ASX release advising they were told by Vic Govt they have NOT been successful

Its all Tabcorps!

Offline ledgerr77

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« 2011-Jul-19, 11:57 AM Reply #22 »
 :beer: :beer: :beer: great result for all punters....competition with fixed odds....seperate pools.....lunch is on me :bop:

Offline J.Glenoban

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« 2011-Jul-19, 12:27 PM Reply #23 »
How do the various parties determine the value of the licence when the race fields issue is still up in the air?  :chin: 

Offline bluebaggers

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« 2011-Jul-19, 12:36 PM Reply #24 »
Did tabcorp offer any new initiatives than they currently offer now!!!


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