Tag Archives: TAB NZ

New Zealand’s government has rolled out an updated national strategy for the prevention and treatment of gambling-related harm. Led by Minister for Mental Health, Matt Doocey, the strategy will raise an additional NZ$81m (£36.1m) to improve access, support and intervention services for all citizens affected by problem gambling, including individuals’ families. The government estimates that one in five New Zealanders …

Leadership of SkyCity Entertainment Group, one of New Zealand’s biggest gaming groups, has stated that market conditions have continued to deteriorate for the company over recent months. The firm issued a brief trading update this week revealing that expected EBITDA for FY2025 will fall 4% from its guidance range of between $225m-$245m. This has been attributed to lower visitation and …

New Zealand has turned its attention to influencers promoting casino content at a time of heightened political focus on the betting and gaming sector. The country is not alone in finding frustration with influencers of late with gambling marketing and the role social media personalities can play in this falling under an increasingly bright regulatory spotlight. According to Radio New …

Entain has told SBC News that it ‘generally’ supports the forthcoming expansion of New Zealand’s online casino market, but local reports suggest that market incumbents have some doubts. New Zealand looks set to significantly expand its online casino market, with plans to issue 15 three-year licences by early 2026. This has got some of the local firms with a strong …

New Zealand’s Racing Minister, Winston Peters, has announced that greyhound racing will cease nationwide by 2026, following a government decision to prioritize animal welfare. The decision, described as “carefully considered”, includes a 20-month transition period for industry professionals to prepare for the closure and to rehome approximately 2,900 racing greyhounds. The ban will take effect by the third quarter of …

Entain hails a ‘new dawn’ for Kiwi sports betting punters, launching its new betcha brand in New Zealand. This weekend, Entain debuted its ‘Bet it Out’ campaign, introducing New Zealand audiences to the betcha platform, which aims to modernise Kiwi wagering. betcha was formed through a joint-venture partnership between Entain and TAB NZ in June 2023, as granted by New …

Entain Plc has outlined key initiatives to accelerate its operational strategy and improve the quality of earnings across its business portfolio.  The new plans were disclosed in Entain’s Q3 trading update, as the FTSE100 gambling group reported proforma net gaming revenue (NGR) declines across its Online and Retail units.   Q3 trading is tracked to the revised full-year EBITDA guidance of …

Mark Stewart will step down as Chair of New Zealand’s national gambling operator, TAB NZ, at the end of August, with Anna Stove stepping up as his interim replacement. TAB NZ stressed that Stewart had overseen ‘two years of transformative change’ at the helm of the operator after being appointed to the role at the start of the 2021/22 financial …

Entain Plc stands by its growth strategy and long-term financial prospects, following a transformative H1 trading period in which the FTSE gambling group acquired four new businesses to its global portfolio.  Publishing its 2023 Interim trading results, Entain registered a net group revenue (NGR) of £2.4bn, up 14% on H1 2022 results of £2.1bn. Generating a period NGR of £1.65bn …

FIFA has revealed New Zealand betting agency TAB as the first gambling sponsor of the Women’s World Cup. TAB NZ will be promoted across the four New Zealand stadiums from 20 July – 20 Aug, but the value of the sponsorship has not been disclosed.  In detail, the tournament, which is being co-hosted with Australia, sees the Wellington-based company become …