International financial agency Deloitte's report into the operations of the New Zealand Racing Board report paints a bleak picture for its future. New Zealand Thoroughbred Racing released the executive summary of what is commonly known in horse racing circles as the ''Deloitte report'' to the industry last week. The report was commissioned by NZTR to investigate the New Zealand Racing Board's strategies, its risks and chances of success. The report identified the projected rate of return from the NZRB's new fixed-odds betting platform as being much less than it is expecting. The initiating of the deal to create the new fixed-odds platform was done following recommendations to the NZRB from KPMG.

Source: Otago Daily Times March 06, 2018 16:28 UTC