racing industry

Seems like we’re finally going to allow Stupid Tax on foreigners

Our archaic gambling laws mean that our NZ dollars are going offshore, and overseas profits currently can’t be captured here.  But that may change this year.

Offshore betting has exploded – the number of New Zealanders placing bets offshore has more than doubled in the past five years to over 40,000 and that growth is expected to continue – but it’s the overseas bookmakers who reap the benefits.

The New Zealand racing industry is the biggest loser from offshore betting – both through New Zealanders placing bets with mainly Australian corporate bookmakers and bookmakers taking bets on New Zealand race meetings and sporting events.

Last year $329 million was bet on New Zealand thoroughbred racing through Australian totalisator operators – much higher than what was bet through the New Zealand Racing Board.

It’s idiotic not to get a slice of that action.     Read more »

As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.

Breaking News: Benefit increase welcomed by racing industry

by Lindsay Mitchell

The “first benefit increase since the 1970s” is welcomed by the racing industry, currently struggling to survive.

Offcourse turnover dropped steeply after the 1990’s benefit cuts, but the National government has rejected a return to the halcyon days of ex Racing Minister, Winston Peters, refusing to fund a cash injection into stakes – the lifeblood of the industry.

Described as “heartless” in its attitude to the racing industry, the government stands accused of turning its back on jockeys, trainers, breeders, livestock agents, and the 30,000 people relying on the industry for their livelihood.

The 2015 budget took the industry by complete surprise.

In a masterstroke, John Key and Bill English, raised benefits and side-lined not only the Greens and Labour, but NZ First, whose support base relies on racing enthusiasts. Read more »

As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.