Entain offers $100m for online gambling monopoly

Entain offers $100m for online gambling monopoly
If Kiwi filly Legarto (15) can find fortune outside NZ, maybe the TAB can too. (Image: Getty)
Paul McBeth
New Zealand’s racing industry will get a $100 million fillip and an annual sweetener if the government expands the TAB’s domestic gambling monopoly to the online world. London-listed betting agency Entain’s 25-year deal to run TAB NZ’s operations kicked off this month, including an upfront payment of $150m and $10m direct investment into the racing sector, and a 50% gross profit share with guaranteed annual payments of at least $150m for the first five years. The gambling agency this month told investors it will pay...

More Law & Regulation

Critical gas contract dispute settled confidentially
Law & Regulation

Critical gas contract dispute settled confidentially

The case cast the first major light on what gas shortages meant.

Wikeley loses again in Owen Glenn stoush
Law & Regulation

Wikeley loses again in Owen Glenn stoush

Supreme Court says fraud findings can’t be relitigated.

Victoria Young 04 Jul 2025
The business born battling Vector connection contracts
Property

The business born battling Vector connection contracts

'Pretty on the nose': Developers challenge Vector's hefty fees.

Garth Bray 04 Jul 2025