NZ Racing Board books a win on Football World Cup, spends big chasing online punters

Thu, 16 Oct 2014

By Suze Metherell Oct. 16 (BusinessDesk) - The New Zealand Racing Board lifted annual profit 0.2 percent as record turnover on the Football World Cup, which trumped its rugby equivalent in 2011, was offset by a strong local currency and the cost of its new digital and online gambling offerings. Profit rose to $137 million in the 12 months ended July 31, from $136.7 million a year earlier, the Wellington-based legislated bookmaking monopoly said in a statement. Turnover climbed 6.7 percent to $2.09 billion, the first time the board's incom...

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