G3-247 Report NEW ZEALAND
It is said the high quality pasture, large open paddocks and mild climate encourages good breeding and today there around 70 commercial stud farms and hundreds of private breeding operations in the country.
There are 65 Racing or Jockey Clubs with current licences in New Zealand and there are 52 racecourses from Ruakala in the north to Invercargill in the south.
The horse racing sector is governed by the New Zealand Thoroughbred Racing (NZTR) which exists to regulate the sector and is run by a governing board of six directors.
In 2012/13 thoroughbred race clubs held over 3,000 races at 358 meetings at 50 venues attended by approximately 487,000. In addition there were over 5,000 greyhound races and 2,675 harness races.
Race clubs earned $5.4m in net sponsorship, $2.3m from catering and $5.8m from other income.
There are two major challenges facing the horse racing industry – the need to increase returns to stakeholders and the
relevance of racing to future generations of New Zealanders.
On-course wagering is now less than nine per cent of total New Zealand thoroughbred turnover. Total off- course Tote turnover at all 52 tracks last year amount- ed to $294m, on-course Tote turnover amounted to $34.7m and total FOB (off and on course) came to $89.6m.
There are two major challenges facing the horse racing industry – the need to increase returns to stakeholders and the relevance of racing to future generations of New Zealanders.
The board has a new strategy over a five year period aimed at seeing returns to owners of 50 per cent, grow- ing the surplus for distribution by $20.5m, growing prize money by $24m, lifting prize money to 80 per cent of NZTR distributions and stimulating $30m in infrastructure investment.
In 2011 prize money bottomed to around $13,758, how- ever, in financial year 2013 it rose to $15,687.
One of the problems the industry faces is the increasing use of overseas bookmaker websites used by domestic and overseas punters to bet on New Zealand racing. The NZTR wants to bring in race fields legislation to counteract this and ban offshore bookmakers in their sector.
Meanwhile, the number of weekly TAB customers has declined over the last 12 years from 175,000 back in 2000 to around 100,000 now. The sector needs to look at ways of attracting the younger market.
One idea was the re-launch of
nzracing.co.nz last year, 4 4
01 Introduced back in 1991, the slot machines or ‘pokies’ are today operated by charitable foundations and are mostly found in bars and clubs and hotels. New Zealand is one of only three countries worldwide which operate a Community Gaming Model.
02 Pokies account for around 46 per cent of gambling expenditure in New Zealand. Back in 1994 there were 8,160 gaming machines. This figure peaked in 2003 with 25,221.
which now accurately renders to mobile devices and annual visitor numbers rose from 3.17 million in 2012 to 3.37 million last year.
The NZTR also wants to tap into the Australian market, which with a population of 23.1 million, is a lucrative option. At the moment Australian totalisator sales on New Zealand Thoroughbred races is around $364.7m.
The Greyhound Racing New Zealand (GRNZ) is the trade name of the association which monitors the greyhound racing sector. It’s a traditional sport and the first hares were brought into the country in 1868. In 1908 bookmak- ers betting on such racing were banned under an amend- ment to the gaming act and the National Coursing Association was formed that year to unite greyhound
racing clubs. In 1981 they were granted access to full off- site totalisator betting and the TAB which raised the pro- file of the sport. Today there are 11 greyhound racing tracks.
THE POKIES Introduced back in 1991, the slot machines or ‘pokies’ are
today operated by charitable foundations and are mostly found in bars and clubs and hotels. New Zealand is one of only three countries worldwide which operate a Community Gaming Model.
Today, pokies account for around 46 per cent of gambling expenditure in New Zealand. Back in 1994 there were 8,160 gaming machines. This figure peaked in 2003 with 25,221. Currently there are a total of 1,343 gaming venues
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