NZ to impose fee on $1 bln a year bet offshore on local racing, sports, widen scope of TAB

Tue, 24 Nov 2015

By Sophie Boot Nov. 24 (BusinessDesk) - The government is planning to impose a fee on offshore gaming companies which take in $1 billion a year in bets on New Zealand racing and sports, and may allow the TAB to widen its product range to stem the flow of Kiwis betting online with offshore operators. The proposals from the Offshore Racing & Sports Betting working group were announced today by Minister of Racing Nathan Guy at the annual meeting of the New Zealand Racing Board (NZRB), which operates the TAB. The working group estimates $58 m...

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