That can't be correct in the transition phase where the ENTAIN shareholders are funding the purchase and I note the rather large writedown of the NZ Businesses Value.
The government has moved to cut us off from that line of income
https://www.rnz.co.nz/news/what-you-need-to-know/587993/why-betting-on-top-online-prediction-markets-is-now-illegal-in-new-zealand
A survey done by the New York Thoroughbred Horsemen's Association in January found that 81% of its members expected to race fewer times if a ban on race-day Lasix is extended to all overnight races.View the full article