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No. That's really my point. What matters is the performance of Entain in NZ, at what level that will then fund NZ racing from 2028, and if that is at a much lower level as seems likely, how NZ racing will manage that. -
at the end of the day,do you think their stock price or the level of the fine they get in australia or what goes on overseas makes any difference to what happens in nz racing? -
That story is also 6months or more old. Investors don't currently seem too concerned. The share price has more than doubled in the last 12 months.
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That is a lot of money. I think money laundering is an extremely bad offence. It just helps organized crime in a lot of sectors that causes a Lot of Public suffering . the Tabacco War is getting Really Bad in Aus. They're starting to kill each other now for example. is very sad. But a Federal court is a Federal court. The bloke that Rob's a bank and gets away with $1000 💰. doesn't he get sentence that is the same as the bloke who got caught fleecing the bank of $100,000 ? 💰💰💰 can't see why you think Entain facilitating a few is ok and Star quite a few more , but essentially doing the same thing is so different and not note-worthy. . Personally the way they are processing the ELEVEN executives and Directors who were dismissed from 'Star' , will be the same as what happens to the poor smucks at the ENtain set-up who lost their positions , when the going gets tough. They try to deflect blame onto the ' few' . Hope they catch the 'right Few' is all you can do I spose. plenty of Accomplices involved lol 😆💰 -
when they got fined 650 million pounds for the turkey bribery thing,it impacted them significantly. I don't profess to know the significance or care much , of their australian legal woes.But clearly the global entain leadership and the markets consider it signficant.. heres some quotes from a story i read on it previously earlier this year. "in addition to its legal troubles in the uk,entain is facing regulatory challenges in other parts of the world,most notably australia.Austrac has opened civil penalty proceedings against entain,accusing the company of serious non compliance with the countries anti money laundering laws. Austrac claims entain failed to implement adequate systems and controls to prevent money laundering activities within its operations. entatin has responded by saying it is working towards resolving the issue and is working towards a settlement in 2025. However this growing regulatory scrutiny in australia only adds to the companies growing list of legal challenges.Several senior executives in australia and new zealand have already stepped down in response to the proceedings,but the long term impact on entains operations in the region remains uncertain... entain is undoubtedly facing significant challenges as it tries to move past the shadow of the turkish bribery scandel)they were fined 650 million pounds in 2023).... despite the ongoing scrutiny,entains financial results for 2025 show signs of improvement,with losses narrowing and the company managing to stabalize its operations.entain is also focusing on extending its global presence."
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