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NZ Report Says "One Industry" Will Save NZ$11m

Tuesday, 24th November 2009

In New Zealand, a report from The Racing Industry Taskforce (Sir Patrick Hogan, Bill Gianotti, Kevin Hickman, Kerry Hoggard, Guy Sargent, Michael Stiassny, Alistair Sutherland & Andrew Brown) asserts the racing industry could save more than NZ$11 million a year (equivalent to a 12% increase in stakes money) by sharing services & adopting a "one industry" approach to delivering racing product. The report makes 3 recommendations:

  • NZ Thoroughbred Racing, Harness Racing NZ, NZ Greyhound Racing Association & the NZ Racing Board “adopt a shared-services model to make more efficient use of people & capital & save NZ$7 million a year in costs”.
  • NZ Thoroughbred Racing, Harness Racing NZ, NZ Greyhound Racing Association & the NZ Racing Board “seek the appropriate legislative environment to establish a new industry body: Racing & Wagering New Zealand”.  A “one industry” approach to delivering racing product will save a further NZ$4 million per year.
  • Establish a Racing Council to manage the transition process.
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