Australian company could operate racing industry in NZ

Australian company would take over the operations of TAB in New Zealand.

New Zealand.- The gaming industry is expecting further news this afternoon about the restructuring of New Zealand’s racing industry as authorities may allow an Australian company to take over the business that is currently operated by a TAB (monopoly totalisator organisations in both countries.)

Representatives of the gaming industry in Australia and New Zealand are expecting the official report announcing the restructuring today, which is also expected to be released by the Racing Minister Winston Peters. They have not revealed yet the name of the gaming brand that would take over the operations of TAB.

According to the local newspaper Newsroom, official sources have revealed that “big gambling companies in Australia have proposed giving the industry an up-front cash payment and more money, said to be €57,33 million over 25 years if they get the licence to control betting on NZ races.”

Furthermore, the Racing Minister Winston Peters will speak and release the full report at a public meeting at the Claudelands Arena in Hamilton tomorrow night. The New Zealand Racing Board will also live-stream the event in order to make it available for the public. During a press conference yesterday, Peters said he wanted the public to embrace the report “lock, stock and two smoking barrels.”