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Good informative post, Galah. Personally do not think that bringing Entain into the NZ TAB for 25 years was the best fit for it. Entain are a gambling agency worldwide mainly sports and racing has never been its forte, and it is definitely showing isnt it? They keep throwing money into stakes where many of the meetings and mostly all of them in the North are losing money. Yes we know they promised all this money in-stakes etc. for 5 years. Now if they had any business acumen snd cared about racing in NZ they would push that 5 years out to say 7 years and reduce the current stakes supplementing by say $3or $4k and use this money saved for years 6 and 7. I do not believe they will do this as they are wanting the 5 years to come up sooner rather than later. Once the 5 years is up then highly doubt they will be boosting stakes, it just wouldn't make business sense to continue doing this for its shareholders! Does anyone else believe that the NZ TAB will be sold off at that stage, if it is not returning a good return on investment? -
the entain australia resignations reportedly had something to do with the australian authorities investigating entain over non compliance/money laundering. its been reported Entains australian board of senior management did not keep appropriate oversight of its anti money laundering programme,which interfered with its ability to identify money laundering exploitation of their betting sites". Apparantly the people who resigned are both going to get jobs in the nz thoroughbred racing industry. .a couple of months ago austrac(the australian money laudering investigative agency) issued a press release about their investigation into entain. In it they referenced crown being ordered by the federal court to pay $450 million in penalties over 2 years in 2023 and skycity being ordered to pay $63 million in penalties last year. crown was sold by packer to USA private equity giant blackstone. Not to be confused with blackrock,and has nothing to do with jason bournes blackbriar. I did like the bourne legacy movies. so entain may be in a bit of trouble if that press realease is anything to go by. I'm going to be doing my bit to help entain avoid prosecution in nz.. I've told the wife to wear sunglasses and a balaclava when deposting money into my account at the local tab,from now on. But seriously,does not sound too good for entain if they are putting those details in a press release about entain. Entain globally did report a net loss in 2023 of 936 million pounds after having to pay 585 million pounds to relating to some bribery in turkey. they did make 19 million the year before.... apparantly over the last 3 years entain shares have dropped 56%,but they went up 9% last month,based on the expectation 2024 went well,but was down 3 % this week. They are actually reporting there 2024 financial report in a couple of days. -
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NZB Kiwi Winner to Secure $10m Golden Eagle Ticket New Zealand Thoroughbred Racing (NZTR) and Racing New South Wales (Racing NSW) are thrilled to announce that the inaugural $3.5 million NZB Kiwi (1500m) slot race has officially become a ‘Golden Ticket’ race, granting the winner direct entry into Australia’s prestigious $10 million Golden Eagle (1500m) at Rosehill Gardens on 1 November 2025.
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