- Casino
- By State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Georgia
- Florida
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Massachusetts
- Maryland
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
- By State
- Slots
- Poker
- Sports
- Esports
TAB NZ Picks Entain for a New 25-Year Strategic Partnership
The new strategic partnership with Entain is expected to significantly boost the company's operations
The single racing and sports betting agency in New Zealand, TAB NZ, announced it joined forces with the globally recognized and leading betting and gaming company, Entain. Details about the new strategic collaboration emerged Monday. TAB NZ confirmed that the deal comes amid continuously growing competition.
Additionally, the company said that it has seen a continuous increase in costs while at the same time, it faces other challenges that impact its “ability to deliver adequate funding to racing and sports.” Those processes, according to TAB NZ, are expected to continue to impact its operations, which is why it determined that a partnership with an international betting operator would provide a strategic boost to its operations.
“In order to achieve TAB NZ’s objectives and growth ambitions, Board and management considered that it was in the best interest of TAB NZ and its stakeholders to explore a strategic partnering arrangement with a world-class international wagering operator to deliver TAB NZ’s wagering and broadcast functions,“
explains a statement released by TAB NZ
The company’s Board and management team acknowledged that in the best interest of TAB NZ and its stakeholders would be a strategic collaboration with an international betting operator. The selection of Entain comes after TAB NZ has been reviewing proposals for the last six months. During that process, Chapman Tripp helped the company with legal advice, while Allens served as principal legal advisers.
After a detailed assessment of the proposals, TAB NZ selected Entain as the company for the new strategic deal. Overall, the collaboration covers a period of 25 years. The new collaboration is expected to provide a boost for TAB NZ’s operations and help the company in strategic areas such as the minimization of gambling harm.
Additional details about the strategic tie-up are expected in due time. Furthermore, the collaboration remains subject to Ministerial approval.
The Deal Represents a Milestone Moment for Tab NZ
The collaboration brought excitement for Entain, with the company’s CEO of Australia, Dean Shannon, saying that the deal represents a unique opportunity. “This is a unique opportunity to shape the future wagering experience for customers and to support New Zealand’s racing and sporting industries,” he said.
“We applaud TAB NZ for how the process has been run to date and we look forward to working with all stakeholders on necessary approvals to finalize the transaction.“
Dean Shannon, CEO of Australia at Entain
Shannon pointed out that Entain will help boost TAB NZ’s growth via technology and innovation. This, according to him, is expected to bring benefits for the racing and sports industries, and at the same time, TAB NZ’s stakeholders.
“Today’s announcement is a significant milestone toward the transformation of TAB NZ and those who rely upon its growth and long-term success.“
Mike Tod, chief executive officer at TAB NZ
TAB NZ’s chief executive officer, Mike Tod, was similarly excited about the latest deal with Entain, acknowledging that the collaboration represents a milestone for the company. He pointed out that Entain is a globally recognized operator that is famous for providing unrivaled services to its customers. Finally, Tod predicted that the deal will help not only TAB NZ but the whole industry.
William Velichkov is a research-driven writer. His strengths lie in ensuring factual accuracy, vetting government documentation and reaching out to regulators and other officials. He is particularly fond of financial reporting, the sports betting industry, B2B partnerships and esports betting developments. William is a strong asset to the Gambling News team as he adds a bedrock to our reporting.
Must Read
Business
February 13, 2025
FanDuel Hits 23M App Downloads, DraftKings Is Close Behind
Business
February 13, 2025
MGM Resorts Posts Strong 2024 Report Despite Mixed Q4
More Articles
Industry
February 19, 2025
ACMA: Network 10 Violated Gambling Advertising Regulations
Sports
February 19, 2025
Israeli Soccer League Hit by Big Match-Fixing Scandal
Legal
February 18, 2025
Ex-Star Executive Greg Hawkins Reaches Settlement with ASIC
Industry
February 18, 2025
Campaign Encourages South Australians to Act Early on Gambling Harm
Lottery
February 18, 2025
Lucky Aussie Wins His Second Big Lottery Prize
Legal
February 17, 2025
Ex-Entain Executives Seek Legal Action over Privileged Information
Sports
February 17, 2025
Digital Betting Is Fueling a Global Public Health Crisis
Casino
February 14, 2025
ACMA Moves Against Offshore Gambling Sector in Australia
Sports
February 14, 2025
Iowa Doesn’t Want You to Use Proxy Betting, or Face Consequences
Industry
February 13, 2025
MGM Advances Plans to Control Las Vegas Sportsbooks
Sports
February 12, 2025
Real Madrid’s Dramatic Win Cost bet365 Millions