Club announces basic stakes enhancements

09:57 PM 04 Aug 2011 NZST
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New Zealand Metropolitan Trotting Club
New Zealand Metropolitan Trotting Club - chief executive - Shane Gloury.

The New Zealand Metropolitan Trotting Club (NZMTC) today (Friday August 5) announced a range of enhancements to its basic stakes structure commencing from Friday August 26. Headlining the announcement is the fact that Basic Stakes will Increase handsomely at Friday night harness racing fixtures at Addington.

For Friday Night meetings in 2011/12, 3 Win and Faster races will carry a stake of $12,500, 1 and 2 Win front races will be conducted for $10,000 and Maidens will race for $8,000.

"This represents a significant increase in Basic Stake levels at our Friday Night fixtures" said Addington Raceway CEO Shane Gloury.

"This Basic Stakes structure will apply to all of our Friday Night meetings except for the meeting on 21 October which will take a back seat to the Super Feature Flying Stakes meeting at Ashburton three days later and our meeting on 18 November which is only one week after our NZ Cup Carnival."

The stakes enhancements have been made possible from improved trading results for the Club and from a change in stakemoney structure at Addington Premier meetings.

For Premier meetings at Addington, 3 Win and faster races will now be conducted for a stake of $12,500 while 1 and 2 Win front races will be conducted for a $10,000 stake.

Minimum stake levels on Christchurch Casino NZ Trotting Cup Day will be $20,000 while Lindauer Raceday (Show Day) will carry minimum basic stake levels of $15,000.

he NZMTC will conduct four Thursday night fixtures in 2011/12 and the stakes for these meetings will range from $7,000 for maidens through to $8,000 for 2 win and faster races.

Two Saturday night meetings will be conducted as part of the continuation of the Saturday night trial in October and December and the stakes on these meetings will be in line with Thursday night levels.

Stakes for Tuesday graduation races will remain at $3,000 while all non Premier and non Tuesday meetings will continue to have one $5,000 race programmed to cater for horse population and budgetary requirements. Penalty free races when conducted on Thursday and Friday meetings will also carry a lesser stake due to their penalty free nature.

BASIC STAKE LEVELS - NZMTC MEETINGS 2011/12

Maidens

Win

Win

+ Wins

Friday night meetings
$8,000

10,000

10,000

12,500

Thursday night meetings
$7,000

7,500

8,000

8,000

Premier meetings
NA

10,000

10,000

12,500

Tuesday Graduation meetings
$3,000

3,000

3,000

3,000

NZMTC Chief Executive Shane Gloury believes that the stakemoney enhancements will be extremely well received by Industry participants.

"Our Club is conscious of the need to provide healthy basic stake levels in the lower classes for the majority of Horses, Owners and Trainers. Under the revised structure, there will be 25 racemeetings at Addington during the season where 1 and 2 win horses will be able to race for a minimum stake of $10,000 and where 3 win and faster horses will be able to race for a minimum stake of $12,500."

"Despite turnover reductions throughout the Industry in recent years, our Club has been pro-active in pursuing initiatives to grow revenues and to drive efficiencies throughout our business in challenging times. It is pleasing that these initiatives have started to pay dividends for the benefit of our stakeholders" said Gloury.

Prominent Canterbury based trainer and driver Mark Jones echoed the sentiments expressed by Gloury.

"This is a very pleasing outcome for harness racing participants in Canterbury and the South Island. It is great that owners and trainers will be able to race for healthy stake levels throughout the entire season at Addington. I commend the Club on their hard work and their initiatives that have led to this result."

An announcement on feature race stakes for 2011/12 at Addington Raceway will be made by the NZMTC within the next week.

A list of all NZMTC racemeetings (excluding Tuesday graduation meetings) for the 2011/12 season and the basic stake levels that will apply to each of these meetings is outlined below.

NZMTC race meetings 2011/12: (Day Date Stakemoney Level

hursday 4 August 2011

asic Stake levels ranging from $6,500 to $7,500\

Friday19 August 2011

asic Stake levels ranging from $7,000 to $9,000

Friday 26 August 2011

asic Stake levels ranging from $8,000 to $12,500

Friday 9 September 2011

asic Stake levels ranging from $8,000 to $12,500

Friday 16 September 2011

asic Stake levels ranging from $8,000 to $12,500

Friday 30 September 2011

asic Stake levels ranging from $8,000 to $12,500

Friday 7 October 2011

asic Stake levels ranging from $8,000 to $12,500

Friday 14 October 2011

remier Meeting - Basic Stake levels $10,000 to $12,500

Friday 21 October 2011

asic Stake levels ranging from $7,000 to $8,000

Saturday 29 October 2011

asic Stake levels ranging from $7,000 to $8,000

Tuesday 8 November 2011

up Day - Basic Stake levels ranging from $20,000 to $30,000

Friday 11 November 2011

how Day-Basic Stake levels ranging from $15,000 to $20,000

Friday 18 November 2011

asic Stake levels ranging from $7,000 to $8,000

Friday 2 December 2011

asic Stake levels ranging from $8,000 to $12,500

Saturday 10 December 2011

asic Stake levels ranging from $5,000 to $7,000

Friday 23 December 2011

asic Stake levels ranging from $8,000 to $12,500

Friday20 January 2012

asic Stake levels ranging from $8,000 to $12,500

Saturday 4 February 2012

remier Meeting - Basic Stake levels $10,000 to $12,500

Friday 10 February 2012

asic Stake levels ranging from $8,000 to $12,500

Thursday 16 February 2012

asic Stake levels ranging from $7,000 to $8,000

Friday 16 March 2012

asic Stake levels ranging from $8,000 to $12,500

Friday 23 March 2012

remier Meeting - Basic Stake levels $10,000 to $12,500

Friday 30 March 2012

Premier Meeting - Basic Stake levels $10,000 to $12,500

Saturday 7 April 2012

aster Meeting - Basic Stake levels $8,000 to $12,500

Friday 20 April 2012

asic Stake levels ranging from $8,000 to $12,500

Thursday 26 April 2012

asic Stake levels ranging from $7,000 to $8,000

Saturday 12 May 2012

remier Meeting - Basic Stake levels $10,000 to $12,500

Friday 18 May 2012

remier Meeting - Basic Stake levels $10,000 to $12,500

Friday 25 May 2012

asic Stake levels ranging from $8,000 to $12,500

Thursday 31 May 2012

asic Stake levels ranging from $7,000 to $8,000

Friday 22 June 2012

asic Stake levels ranging from $8,000 to $12,500

Friday 6 July 2012

asic Stake levels ranging from $8,000 to $12,500

Friday 20 July 2012

asic Stake levels ranging from $8,000 to $12,500

Friday 27 July 2012

asic Stake levels ranging from $8,000 to $12,500

Sunday 29 July 2012

asic Stake levels ranging from $5,000 to $6,000

Shane GLOURY (Chief Executive of the New Zealand Metropolitan Trotting Club)

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