Art & Entertainment | Book Reviews | Education | Entertainment Video | Health | Lifestyle | Sport | Sport Video | Search


NZRIB Pays Extra Funds To Racing Clubs

New Zealand Racing Industry Board

The New Zealand Racing Industry Board (NZRIB) is distributing an additional $3.1 million direct to racing clubs, Board Chairman, Rick Bettle, said today.

Mr Bettle said the money had come from the TAB as additional end of year profits.

“The NZRIB was delighted to receive these extra funds from the TAB. NZRIB Board members have spent some time identifying options for the best use of the extra money, so that it delivers maximum benefits for racing,” he said.

“We have determined that giving the money directly to racing clubs, as a top-up based on last year in this instance, and requesting that they pay it out as additional racing stakes, is the best way to go. Extra stakes will benefit owners and encourage a greater level of ownership, leading to bigger and better races with more opportunities for betting.

“The NZRIB will monitor the clubs, by analysing their financial performance, to see what use is made of the money and how it benefits racing,” Mr Bettle said.


For further information please contact: Rick Bettle Chairman Tel: 0-4-479 9364 025 230 8115

© Scoop Media

Culture Headlines | Health Headlines | Education Headlines


DOC Alert: Penguins Ignore Police, Return To Sushi Shop

Department of Conservation rangers are on high alert for 'penguin call-outs' after they've been spotted waddling around Wellington. Yesterday the little blue penguins had to be removed from under a sushi store near the Wellington railway station, not once - but twice. More>>

Baldwin St's Steep Decline: Welsh Town Beats Dunedin For Steepest Street

Harlech, a sleepy town set in the hills of North Wales, boasts a beautiful seaside, a 13th century castle and stunning panoramic views. But the town can now add something else to the list - Harlech is officially the home of the world’s steepest street. More>>


Sport: England Wins Cricket World Cup After Super Over

New Zealand have cruelly lost the Cricket World Cup final after a Super Over - a decider more usually associated with the shorter Twenty20 format of the game. More>>


'High-Level Talks': Lord Of The Rings TV Series To Film In NZ

Amazon needed reassurance after the Christchurch terrorist attacks that New Zealand was still a safe place to film the world's most expensive television series. More>>




  • Wellington
  • Christchurch
  • Auckland