Download Racing THE NHA

Cindy:
SOUTH AFRICA
RACING INTO THE FUTURE
SOUTH AFRICA
THE NHA : Racing

First Race Meeting held 1804

Jockey Club Founded in Port Elizabeth in 1882

Jockey Club moved to Johannesburg in 1904
THE NHA : Structure of Board
 7 Directors elected regionally by members
 4 Directors appointed by
- Gold Circle
- Phumelela
- Breeders
- Owners
 Chief Executive
 2 Co-opted to achieve transformation
THE NHA :
Regulatory System
 the maintenance and operation of the General Stud
Book;
 the licensing and/or registration of all relevant
participants in the sport;
 the formulation and revision of the rules of the sport
and of breeding;
 the monitoring of training and the regulation of
racing;
THE NHA :
Regulatory System
(Continued)
 the operation of a laboratory to discourage the
use of prohibited substances;
 the operation of an effective disciplinary and
appeals system;
 the recording and publication of all relevant data
on the sport;
 the handicapping of horses.
Racing Operators
: Racecourses
 Phumelela
 Gold Circle
- Turffontein
- Greyville
-
Newmarket
- Clairwood
-
Vaal
- Scottsville
-
Bloemfontein
- Kenilworth
-
Kimberley
- Durbanville
-
Arlington
-
Fairview
CONSOLIDATION
CONSOLIDATION
BROADCASTING
TRANSPORT
13 RACE CLUBS
7 TOTES
TRAINING CENTRES
Racing division
Betting division
Management
Racing division
Betting division
Management
•
•
•
•
Tellytrack
International
Saftote
Publishing
SOUTH AFRICAN PROVINCES
NEW BUSINESS MODEL
3.5
(R) billions
3
2.5
2
2001
2002
2003
2004
2005
1.5
1
INCOME
COST
Stabilised
Restructured /
reduced
Growth
Sustainable profitability
IMPORTATION OF
NEW PRODUCTS
Benefits of imported simulcast
• Increased interest in
racing
• Increased turnover
• Continuity
• Reduced risk
• Better asset utilisation
USA
UK
FRANCE
DUBAI
HONG KONG
KENYA
ZIMBABWE
MAURITIUS
EXPORT OF SA RACING
Benefits of exported simulcast of South African racing
USA
• Income
• Larger pools
• Development of expertise
and experience
UK
ASIA
EUROPE
UK RACETRACKS
(Super Tracks in bold/gold)
•13
•19
•2
•5
•6
•9
•3
•24
•27
•29 •31 •4
•14 •23
•1
•10 •18
•17
•22
•28
•15
•8
•20
•25
•30
•12
•16
•11
•26
•21
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Aintree
Ayr
Bangor-On-Dee
Beverley
Carlisle
Cartmel
Catterick Bridge
Cheltenham
Chester
Doncaster
Epsom Downs
Goodwood
Hamilton Park
Haydock Park
Huntingdon
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Kempton Park
Ludlow
Market Rasen
Musselburgh
Newbury
Newmarket
Nottingham
Pontefract
Redcar
Salisbury
Sandown
Thirsk
Warwick
Wetherby
Wincanton
York
INTERNATIONAL SIMULCAST
International Broadcasting
USA, UK, Russia, Belgium, France,
Kenya, Ghana, Italy, Spain, Germany,
Tasmania, Austria, Mauritius and
Zimbabwe
DUBAI
INTERNATIONAL
SIMULCASTING CHALLENGES
•
•
•
•
•
•
Total service provision
Commingling
Regulatory / tax issues
Risk assessment
Exchange control risks
Piracy / betting exchanges
GLOBALISATION OF RACING
Where do you stand?
RACING STATISTICS
Season Ended 31 July 2004
• 12 Racecourses
• 436 Race Meetings
• 3 965 Races
• 176 Trainers
• 125 Jockeys
• 6 190 Horses in Training
• 41 840 Starters
• R179 088 335 Stakes Paid
RACING STATISTICS
Betting Turnover
• 30 April 2005
-
R6,610 Bn
• 30 April 2004
-
R5,739 Bn
• 30 April 2003
-
R5,619 Bn
• 30 April 2002
-
R4,926 Bn
BREEDING STATISTICS
Season Ended 31 July 2004
• 491 Breeders
• 106 Stallions
• 4 272 Broodmares
• 2 950 Foals (Estimated)
National Yearling Sales
2003
Lots Sold
Aggregate Value
Average Price
Highest Price
2004
2005
428
457
477
63 835 000
89 745 00
40,58%
105 140 000
17,15%
149 147
196 379
31,67%
220 419
12,24%
1 700 000
2 000 000
17,64%
3 300 000
65%