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Racing bill outlined

Wellington reporter

| Extending the powers ofi ! the Totalisator Agency} 'Board and giving the Racing! Authority' power to meet the; 'costs of clubs in making up! to a dollar dividends which' (work out at less than that! are two provisions of the Racing Amendment Bill. The Minister of Internal Affairs, Mr Higher, told representatives of New Zealand trotting clubs at Queenstown that he hoped to introduce the bill into Parliament soon. The bill would be referred to a select committee so that interested parties could make submissions. It was proposed to extend the powers of the T.A.B. so that it could be associated with racing clubs in a programme of replacing racecourse totalisators with modern computerised equipment. This equipment would ultimately be linked with the T.A.B. central computer in about four y ars; It would then be possible to bet and be paid out not only at races being run on a particular course but on any other race on any other course in New Zealand where races were being run on that day. He had betn advised that a survey .of on-course betting equipment throughout New Zealand had established that in the main it was outmoded and rapidly reaching the end of its useful life.

“If clubs were’ to replace present totalisators with modern ones, individually, I have been told it would cost well over. $3O million,” said Mr Highet. “Even then such totalisators would be capable

of dealing with on-course operations only. "The estimated cost of a fully integrated on-course-off-course computerised systm is $18.4 million." Mr Highet said the proposed new system would allow on-course bettors: To utt on any pool for any amount at any selling window; To have several types of bets on one ticket if a variety of pools was being run on the one race; To be paid out from any window the dividend being calculated by an automatic ticket-reading process; To be paid out at the same window at the same time as placing a bet; To be paid out it would no longer be necessary to go to the various denomination windows; Both on-course and offcourse figures would be amalgamated automatically so that dividend indication on-course would be absolutely up-to-date. To bet on-course on any race at any time before it was run and not necessarily race by race. To collect on-course a bet laid on the T.A.B. or visa versa. The new system would be capable of dealing with new types of pools such as trifecta, jackpot, and place accumulator.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP19800711.2.155.12

Bibliographic details

Press, 11 July 1980, Page 1 (Supplement)

Word Count
421

Racing bill outlined Press, 11 July 1980, Page 1 (Supplement)

Racing bill outlined Press, 11 July 1980, Page 1 (Supplement)