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tonytony    2,375 posts
edited August 2013 West Australian Racing
This just appeared in my twitter feed

Interesting. Liberal MP John McGrath calls for the WA TAB to be privatised to pay for critical racing infrastructure.

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Comments

  • theduketheduke    284 posts
    edited August 2013

     

    The moment privatisation happens it will be shareholders, not necessarily racing participants, that will be calling the shots and receiving the dividends of wagering.

     

     

     

     

     

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  • CarlosaCarlosa    1,287 posts
    It can still be heavily regulated...
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  • goosegoose    1,628 posts
    Seems to be working alright in Victoria?

    bookielover likes this post.

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  • wedgewedge    267 posts
    know for a fact that the governments that have sold regret that they have done so.  obviously quite profitable - if run properly
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  • RIORIO    14,882 posts
    governments shoudl not be involved in industries that require profits to be made....Governments are about providing services that aren't profitable...that is why we pay taxes..

    The sooner the management of our industry is privatized the sooner we start to make the profits that we require to grow our industry...

    Privatization with government controls and auditors put in place has worked okay for Burswood

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    carey dislikes this post.

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  • TheDivaTheDiva    13,248 posts
    Imagine the much needed injection to our industry the money would provide?
    Would also get rid of the current conflicts of interest with the govt doing all it can to protect the cashcow

    RIO, Carlosa, bookielover, semps likes this post.

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  • RIORIO    14,882 posts
    edited August 2013
    the best way they protect it is to build an empire of civil servants doing nothing(very little) but justifying the need to minimize the return to the industry.

    in the same manner as the royalties for regions now have to provide all the cost of its administration.

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  • DamienWyerDamienWyer    7,681 posts
    Careful what you wish for. RWWA's formation has allowed the Racing Minister to distance his office from just about everything. Without oversight, some in racing have made financial decisions that have taken years to recover from.
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  • careycarey    6,369 posts
    edited August 2013
    as far as i am concerned it's all been downhill since privatisation of vic tab.

    as far as rwwa goes, the conflict of interest is huge, so the racing and wagering should be separate entities, but in public hands still.
    maybe i am in favour of nanny state in some instances, but things that involve the potential to harm, like pari mutuel gambling should be in public hands, not lining the pockets of those who don't care how they make their money.


    theduke likes this post.

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  • wedgewedge    267 posts
    RIO said:

    governments shoudl not be involved in industries that require profits to be made....Governments are about providing services that aren't profitable...that is why we pay taxes..

    The sooner the management of our industry is privatized the sooner we start to make the profits that we require to grow our industry...

    Privatization with government controls and auditors put in place has worked okay for Burswood

    industries like utilities such as power and water?  those coorporations are going great guns at the moment huh?

    privatisation does not equal growth, it involves selling your soul 

    at least you can vote a government out if they have average policy

    how can you say its worked ok for burswood?  crown can pack up and leave tomorrow should they wish...

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  • RIORIO    14,882 posts

    No they aren't wedge, but i see them as services that the governement needs to supply..My own opinion is those services should never have been privatised, as there will always be people who need these services irrespective of thier ability to pay... So i hear you.

    I jsut believe that the betting indutry is not an essential serivce that the government needs to provide...manage/audit and police yes.

    In relation to Crown packing up and leaving tomorrow. When i last read up on them i can recall the casino being very profitable, so i am fairly certain that there would be a line of people waiting to provide the one and only casino in WA if Crown moved on... Just as in my opinion there would be a line up of people wanting to run the TAB in WA

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  • AquanitaAquanita    566 posts
    Privatisation would provide a one off infrastructure fund for the industry if the sale price was right and the racing industry received the bulk of the funds. It would be all down hill after that as the new owners focus shifted to shareholders and not the racing industry.

    Correct me if I am wrong but I believe racing's percentage share of WA TAB profits is the highet in Australia. Obviously in dollar terms NSW and VIC receive much greater funding due to population and volume.

    Just have a look at he ailing SA industry since the TAB was sold in that state.




    wedge likes this post.

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  • wedgewedge    267 posts
    Aquanita said:

    Privatisation would provide a one off infrastructure fund for the industry if the sale price was right and the racing industry received the bulk of the funds. It would be all down hill after that as the new owners focus shifted to shareholders and not the racing industry.

    Correct me if I am wrong but I believe racing's percentage share of WA TAB profits is the highet in Australia. Obviously in dollar terms NSW and VIC receive much greater funding due to population and volume.

    Just have a look at he ailing SA industry since the TAB was sold in that state.




    exactly!

    shareholders get money $$$  as seen in all other states that have sold the tote.

    if its profitable or potentially profitable then why sell it?

    for the sake of long term security of the industry

    crown have no other opposition in the state so i guess they would do well hey?  

    so what if they sold the tote and 5 years later the entity go bust?  very possible in WA....


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  • bookieloverbookielover    2,623 posts
    Carey, what's affected the Tab in Vic, has been the loss of the poker machine license. 

    It's cost them hundreds of millions. The Government said when they took the license away,that the racing industry would be no worse off. While stake money has increased so far and we race for $80grand on a Saturday, it remains to be seen by how much the Government is prepared to subsidise the industry here when times get really tough and there are more important demands on the ever shrinking dollar.

    Had they left things alone, there would have been nothing wrong with the privatisation other than the monopoly that the privatisation brought about on the insistence of Tabcorp. But that monopoly has been cracked wide open, with the advent of Betfair and the Corporate bookies.
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  • BrubakerBrubaker    219 posts
    tony said:

    This just appeared in my twitter feed


    Interesting. Liberal MP John McGrath calls for the WA TAB to be privatised to pay for critical racing infrastructure.

    Actually, he doesn't want to sell outright... just out source its operation for an upfront fee and continuing dividends.

    RIO likes this post.

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  • goosegoose    1,628 posts
    Definitely could look at that option is racing flying with its current set up?
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  • SPUDLEYSPUDLEY    1,584 posts
    They just need to do something as the current state of the Ascot stalls area is deplorable surely there must be SOME money available for maintenance everything is so drab surely a coat of paint could be done plus how about prune some trees or maybe repair some gutters as well outside there is a old shed that is falling to bits on the positive side the 2 new panels that are being trialled seem ok, I  wonder what the cost of replacing all the timber will be anyone got any ideas ?
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