Positive Start to New Monday Racing Programme

Monday 5 March

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The Paeroa Racing Club meeting today, 5 March 2012, provided an encouraging start to a regular weekly schedule of Monday and Tuesday thoroughbred race meetings.

With a minimum stake of $7,000, the mid-week fixtures are designed primarily as an off-course domestic and international wagering opportunities, and for horses progressing to Saturday Premier and Feature meetings or those horses that may not be ready to compete at that level.

Today’s Paeroa eight-race programme produced an average field size of 9.4  per race despite 17 scratchings.

The meeting produced aggregate New Zealand TAB sales of $596,450 and Australian totalisator sales of NZ$1,238,241.

Australian export sales were assisted by the cancellation of two of the four Australian thoroughbred race meetings scheduled.

A summary of New Zealand and Australian wagering on the Paeroa meeting is set out below.

 

Total Actual

Per Race Actual

Per Race Budget

Actual % of Budget

New Zealand Racing Board

NZ - Offcourse

$430,380

$53,798

$55,000

97.8%

NZ - Oncourse

$47,329

$5,916

$3,000

197.2%

Fixed Odds

$118,745

$14,843

$5,000

296.9%

Total NZRB

$596,454

$74,557

$63,000

118.3%

         

Australian Totalisator Operators

Supertab

$534,551

$66,819

-

-

Tab Limited

$473,181

$59,148

-

-

Tatts

$230,509

$28,814

-

-

Total Export

$1,238,241

$154,780

$80,000

193.5%

NZTR Chairman Matthew Goodson said that repositioning the industry in certain key areas was a key platform of the NZTR Business Plan. “The potential to grow export earnings across the Tasman is critical to our future. A consistent, quality racing product through the week, starting on Mondays will help grow New Zealand’s international markets."

Enquiries: Greg Purcell, Chief Executive, NZTR on 021 576 627