TAB operator Entain impairs $322m from NZ assets

Physical TAB betting stores made 9% less revenue than in 2023. (Image: NZME)

Mon, 10 Mar 2025

Entain, the offshore company that runs the TAB, has taken a £142.5 million (NZ$322m) impairment against its New Zealand assets.The Britain-based multinational betting company reported financials for the year to Dec 31 to the London Stock Exchange (LSE) on March 6.Minister for Racing Winston Peters unveiled legislation to amend the Racing Industry Act in December. If enacted, TAB NZ's monopoly (or “legislative net”) will be extended to online betting, making it illegal for offshore operators to sell wagers to New Zealanders...

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