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Certainly can say that I have no idea how the TAB used to operate with staff numbers etc. and do not know the day to day operations under Entain! However I do know that previously they had issues that needed addressing and this was selling out half the ownership for 25 years to An overseas gambling business Entain. Many thought this was going to be the saviour for the TAB with 900million being paid for the half share for the 25 years. This deal is very very short sighted in my opinion as once the $900m is wasted, what are we going to have for loss of half the profit? What I do know and it is probably the same with all gambling agencies worldwide is a business that has no scruples and acts and treats their customers with little ethics. Time is going to tell but unfortunately I believe that the NZ racing industry is in deep trouble, the TAB/Entain will be fine as they will survive off Sports Betting and online gambling in the years to come! -
By Chief Stipe · Posted
I don't know how many times I need to explain this to you. Yes under the Tote system the odds are always in the TAB's favour as they clip the ticket of every bet at a fixed rate. BUT with Fixed Odds they are just another punter in the market and theoretically they could lose money on every race if they didn't set their prices right. Yes they price the market in their favour but that doesn't guarantee they won't make a loss. -
By Chief Stipe · Posted
You assume that the jobs were real jobs. Cost efficiency only benefits the Industry. A shame this Government hasn't taken a bigger knife to slash the 15,000 extra Government employees employed under the last Government. The old TAB was run like a Government Agency and selling to ENTAIN was probably the only way to break that culture. -
Same as 2024 then. I was counting Michael/Matthew as one. -
By Wandering Eyes · Posted
Maiden Watch: Week of Jan. 5-11View the full article
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