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As we are all aware the government wants to rid itself of The Tote which is valued at £400M.
If the Tote is used to fund racing from it’s profits and it raises profit x from turnover y and whoever buys (gets given) the Tote wants profit z.
How is the buyer going to raise profit z without a reduction of x.
And how will this be good for racing ?
maybe through co-mingling by an overseas buyer already operating pool(s) elsewhere to produce a Super Pool – eg sell it to HKJC ( now very much looking to sell its own product internationally), or to Stanley Ho in Macau, or to the Japanese, the Aussies, maybe even (cheekily) a US pool operator.
Or a venture-capital-backed entrepreneur who might see it as the first of a collection of totes that come up for sale across the EU as the Commission starts opening up continental European markets to bookies (admittedly a longer term punt).
Thinking a bit more laterally, of course the international churning/transmission capabilities of a Super Pool might also be quite attractive to certain international, ahem, "businessmen" :)   (Well, for a government that can sell its own Inland Revenue buildings to a company in a tax haven, and then give them extra cash, nothing can be ruled out…..)
Govt might have to look to more than 7 years exclusivity on pool operation though.
best regards
wit<br>
Good points wit .. they could transfer the Wigan branch to India, that might save a few quid ?
Come up with a different way of returning SP’s that increases bookies returns from 1.4% per runner to 2% per runner. The vast majority of punters won’t even notice because it’s only the 1% of winning punters that will be affected.
HKJC is now rebating 10 per cent the amount of losing bets where the sum staked on the ticket is HK$10,000  (GBP 680) and upwards.
<br>HK is also having a good laugh at the Aussies over the Melbourne Cup:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>><br>The Melbourne Cup is Australia’s favourite race, a 24-horse handicap with a wide range of chances.
But if you thought the Triple Trio was tough, spare a thought for anyone tackling the latest "bet" promotion for the Cup – HK$5.8 million [GBP 400,000] for whoever can pick the entire field in finishing order.
Fortunately, entry is free, but what a rotten prize for such a great feat! No doubt the insurers had a good giggle to themselves when they put their hand out for the premium.
Given equal chances for all horses, the right odds of picking the finish turns out to be 620,448,401,733,239,000,000,999-1 – but, hey, with some serious form study, punters might cut those odds down to just hundreds of trillions to one! <br><<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
http://racing.scmp.com/freeservice/news … 61018d.asp
<br>For those (Aussie residents) fancying their chances, the VRC starts accepting entries only after the final field is known on November 4:
http://www.vrc.net.au/cpa/htm/htm_mcc_c … ent_id=863
best regards
wit
(Edited by wit at 2:26 pm on Oct. 23, 2006)
HK tote rebate scheme on losing bets seems to be working to increase turnover:
http://racing.scmp.com/freeservice/news … 61101e.asp
best regards
wit
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