Wednesday, 21 October 2009

Racing NSW locked in a time warp

Is it really 1973 in Sydney, or just in the ivory towers that Peter V'Landys lives in? The guy is that out-of-touch with his thinking that he surely still believes the world is flat.

Yesterday the Australian Federal Government Productivity Commission released a report into the gambling industry in Australia. It delved deeply into problem gambling, advertising laws, online operations at home and abroad, hypocrisy of racing authorities and TABs, and all the other related issues. From what I've read, and there are 630 pages of it, it appears to be quite a balanced report. It outlines how the world has changed, how competition improves businesses and for the end consumer. It outlines how the ban on online casinos for Australians was a waste of time. And many other stories. If you fancy a few days of bedtime reading, you can download it here.

Naturally, the muppet in charge at Racing NSW has come out and slaughtered it because the researchers actually believe in life after black and white TV.

Lame argument trying to justify the stance of Racing NSW

The Australian's response with quotes from King Muppet and Betfair's Andrew Twaits:

Gambling on the future

V'landys argues that taxation on turnover is easier to administer across a number of betting operators who offer different types of wagering.

"It is the most competitively-neutral method of applying the fee," he said.


There's no neutrality in Racing NSW's case. They want to price every competitor of their bed partner TABCorp out of the market.

And they have a very cosy deal, signed by some idiot in the past, whereby TABCorp actually pay the fees to interstate racing bodies because NSW is actually a net importer of racing product. The racing is so poor in Sydney (specifically because of continually small fields and shoddily prepared tracks which can't stand up to overracing) that NSW residents see bit to bet more on the other states than they do on their own home product. Sure it has its good days, but overall the quality doesn't stand up. Punters do not bet anywhere near as much on regular fields of five or six horses - except on Betfair.. perhaps they should do a deal? ;)

Victoria continue to attract the best administrators in the business, with the Western Australian Turf Club's chief executive Alasdair Robertson taking over at the Melbourne Racing Club from the start of 2010. Perth racing has improved in leaps and bounds in recent years. Meanwhile NSW continue to bicker over selling tracks, desperately needed club mergers and the whole ship is controlled by a muppet.

Will November 16 be the date for the final nail in his coffin, when Racing NSW get laughed out of court in the case against Betfair and Sportsbet over the racefields fee legislation? Or will he not be held accountable for his moronic rants and lack of understanding of modern business and law?

2 comments:

  1. I've said it before and I'll say it again.

    Peter V'Landys is the most incompetant CEO of any organisation in Australia. How this idiot got promoted to the job is a mystery. He makes a good bedfellow with that other fool, Robert Nason from Tabcorp.

    Someone needs to launch an enquiry after this court case on how much money Racing NSW has actually leaked in lost court cases - and most of them were foregone conculsions to be lost as well.....

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  2. Who at Racing NSW continues to let V'Landys publish these thoughts? Do the board agree with these thoughts? If not, why is he allowed to continue to open his mouth? If they do, they should be held accountable too

    Has racing in NSW moved forward under his watch? Why not?

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