Tag Archives: New Zealand Racing Board (NZRB)

New Zealand to repeal betting levy in the next three years

New Zealand’s government is set to phase out the country’s betting levy over the next three years, as they move towards repealing the current system on the racing industry. As confirmed by Racing Minister Winston Peters, the funds that had been generated by the levy will now be distributed towards the racing and sports sector, instead of towards the Crown. …

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New Zealand plans to revamp racing industry with governance restructure

The New Zealand government has set out new plans to completely revamp the country’s horseracing industry, with proposals to impose new taxes on offshore bookmakers and establish new governance structures. Following an industry-wide review carried out by John Messara, two new pieces of legislation are set to be rolled out by the country’s deputy Prime Minister Winston Peters. The first …

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