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Industry
December 9, 2024
NZ Racing Minister Calls for TAB to Govern Online Betting
Planning changes to its gambling industry, New Zealand hinted at the possibility of introducing legal online gambling. While the country is considering regulating iGaming by 2026, a new proposal calls for changes to the existing framework that would propel the monopoly of the operator TAB NZ. TAB NZ May Grow Its Monopoly Model Currently, TAB […]
Business
August 25, 2023
Anna Stove to Take On Role of Interim Chair at TAB NZ
TAB NZ, the single racing sports betting agency in New Zealand, confirmed changes to its senior-level management earlier this week. The company revealed that Hon Kieran McAnulty, the Minister for Racing, appointed Anna Stove as the new interim chair of TAB NZ, replacing its current chair, Mark Stewart, who will be stepping down at the […]
Industry
May 23, 2023
TAB NZ Partnership with Entain Receives Government Approval
Earlier this year, the global sports betting, gaming and entertainment group, Entain, announced a new strategic partnership with the only regulated racing and sports betting operator in New Zealand, TAB NZ. The monumental 25-year strategic partnership sought approval from the government before it comes into effect on June 1, 2023. Now, Entain confirmed that it […]
Business
March 27, 2023
TAB NZ Picks Entain for a New 25-Year Strategic Partnership
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 […]
Business
December 8, 2022
TAB NZ GBR Still Below Budget in October
TAB New Zealand has published its financial report for October, highlighting the company’s performance during the month. The company announced that it plans to cut distributions amid various economic challenges. Difficulties Affected TAB NZ’s Metrics The October report is the company’s third report for the financial year and shows how its retail and online operations […]
Sports
October 31, 2022
TAB NZ Reports $6.6M in Profit for September
New Zealand’s only racing and sports betting agency, TAB NZ, released its latest trading update, revealing figures for its performance in September this year. TAB NZ Reveals Data for Performance in September The agency revealed that the trading update for September 2022 is the second monthly trading update as a part of the 2022/2023 financial […]
Sports
October 4, 2022
New Zealand: TAB Releases August Results, Sees Revenue Dip
The statutory body that offers betting services to residents in New Zealand, TAB New Zealand, released its trading update covering the performance in August this year. TAB Gross Betting Revenue in August Down on Budget by 6% Acknowledging the ongoing impact of the COVID-19 pandemic and continuing soft economic conditions, the operator revealed that its performance […]
Sports
August 1, 2022
TAB NZ Shares June Monthly Trading Update, Reported Profit Is $11M
TAB New Zealand has shared the June 2022 monthly trading update as a part of the 2021/2022 financial year. The report states that the performance was down on the positive trend of the year as turnover reached $197.3 million, which is 3.9% below budget. Gross betting revenue was 3.2% down on budget ($31.6 million) and […]
Industry
July 1, 2022
Increased Foot Traffic in May Could Not Help TAB NZ Meet Budget
New Zealand betting services provider TAB NZ released today its tenth monthly trading update for the 2021/22 financial year covering the performance in May 2022. Financial Performance Indicators TAB NZ failed to meet its turnover budget targets in May despite the slight ease of the impact of the current coronavirus outbreak which resulted in increased […]
