Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Close to record turnover on Melbourne Cup

Media Release

4 November 2008

Close to record turnover on Melbourne Cup


Kiwis got right behind the excitement of the Melbourne Cup with close to a record amount of money being bet on the race through the New Zealand TAB.

New Zealand Racing Board General Manager Racing and Wagering Bill Colgan says turnover on the New Zealand TAB tote was $7.6 million for the Melbourne Cup alone.

“This is the third highest turnover on record and it was up nearly 10 per cent on last year, which suffered a negative impact due to an outbreak of equine influenza in Australia,” Mr Colgan says.

The previous highest record turnover years were 2005 when $8.1 million was spent and 2006 when $7.9m was put through the New Zealand TAB tote.

“This is literally the race that stops the nation on both sides of the Tasman,” he adds.

The 2008 Melbourne Cup was won by the Bart Cummings trained Viewed (Win: $46.50 and Place $14) with Bauer coming in second ($6.50) and the New Zealand bred Cest L’Guerre coming in third (paying $7.80).

It was the 12th Melbourne Cup victory for Australian trainer Bart Cummings.

The Quinella dividend was worth $553.20 and the Trifecta dividend was worth $28,994.90.

One of the biggest New Zealand bets on Viewed was $500 meaning that lucky punter collected $20,500.

The best of the New Zealand trained horses was Nom du Jeu, which finished eighth. The other two New Zealand trained horses in the race – Boundless and Prize Lady –finished well out of the running. The last horse home was Honolulu.

“There was a real international flavour to the result with an Australian trained horse finishing first, an English trained horse finishing second and two New Zealand bred horses finishing third and fourth,” Mr Colgan says.



© Scoop Media

Business Headlines | Sci-Tech Headlines


Stats: Auckland’s Population Falls For The First Time
In the wake of the COVID-19 pandemic, New Zealand’s population growth slowed down with Auckland recording a population decline for the first time ever, Stats NZ said today. “New Zealand saw slowing population growth in all regions... More>>

BusinessNZ: Third Snapshot Report Reveals $9.5 Billion Business Investment In Climate Action

Signatories to the Climate Leaders Coalition have committed to invest $9.5 billion over the next five years to reduce emissions from their businesses, as revealed in their third anniversary snapshot report released today... More>>

Digitl: The home printer market is broken
Printers are more of a security blanket that a serious aid to productivity. Yet for many people they are not optional.
Even if you don’t feel the urge to squirt ink onto dead trees in order to express yourself, others will insist on printed documents... More>>

Retail NZ: Some Good News In COVID Announcements, But Firm Dates Needed

Retail NZ is welcoming news that the Government is increasing financial support for businesses in light of the ongoing COVID-19 lockdown, and that retail will be able to open at all stages of the new “Covid Protection Framework... More>>

ComCom: Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys

A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 after pleading guilty in the Manukau District Court... More>>

Reserve Bank: Robust Balance Sheets Yield Faster Economic Recovery

Stronger balance sheets for households, businesses, financial institutions and the government going into the pandemic contributed towards maintaining a sound financial system and yielding a faster economic recovery than following previous deep recessions... More>>