Day At The Track

BIG STAKE INCREASES AT ADDINGTON

03:20 AM 17 Sep 2007 NZST
Comment (...) Tweet Share Email Print

The New Zealand Metropolitan Trotting Club (NZMTC) today announced a raft of stake increases at Addington Raceway this season, headed by a predicted further boost of the New Zealand Cup stake to $750,000.

The new stake signals a massive 50% increase in stake from last year’s $500,000 edition won by Flashing Red, which in itself was a boost of $100,000 from the year before, when Mainland Banner was victorious.

Other stake increases see the Easter Cup move from $100,000 to $150,000, the NZ 3YO Trotting Championship from $75,000 to $100,000, the Wayne Francis Memorial New Zealand Oaks from $125,000 to $150,000 and the Paul Renwick Free For All from $30,000 to $50,000.

Additionally, over $450,000 in stakes has been poured in to the bottom end stakes for the 2006-07 racing season, including raising the minimum stake to $8000 and premier stake to $20,000.

According NZMTC Chairman John Penney, the boosts are on the back off a profitable year for the New Zealand Racing Board.

“In the main these increases are a result of strong turnovers by the Club and additional profit the NZ Racing Board has been able to achieve in the past 12 months which they have passed on to the clubs,” he said.

“We in turn have passed it on to our stake holders which are the owners, trainers and drivers.”

“We have always been conscious of spreading the increases across the board and think we achieved this.”

“The total stakes paid at Addington this season will be $8,000,000, which is a staggering 38% increase on the 2005/06 season.”

Comment (...) Tweet Share Email Print

Read More News About...

Stallion Name

Next article: