Kit Walker

I don't need to scare mongering the above efficiency and performance review done earlier this year does that. $250 million fine compared to other Austrac fines. I was at $400 - 500 million but reduced as some indiscretions will be pointed at former Entain top Aussie management just like it was in Turkey.

You left out money laundering. Use google compare to in the Aust outcomes its not hard to find. Your still haven't admitted your were incorrect by stating charges were pre Entain purchasing Neds and Ladbrokes - whys that?

How about admitting your quote is out of context. Not hard to confirm you were wrong when reading the court documents. Lets see what sort of man you are.

http://TAB New Zealand – s.60 Performance and Efficiency Review Source of other quote - it's scary reading. In fact it's that bad Stephen King was going buy the rights to it - then he decided no film goer would believe this bullshit.

Read the court document and come back and say why you think the claims are less than other cases. Be warned it nearly rivals War & Peace page wise. The claims are similar to what occurred in Turkey. Hence the comparison. In Turkey they wouldn't have come up themselves to pay $1 billion. They would have pinned it on the individuals under current charges. A company doesn't pay that sort of money if they were oblivious to what was going on. http://chrome-extension://kdpelmjpfafjppnhbloffcjpeomlnpah/https://www.austrac.gov.au/sites/default/files/2025-09/Entain Group Pty Ltd - AMENDED Statement of Claim (REDACTED) (sealed).pdf.pdf

Yes thanks -$250 million maths was never a strong point

Some of those advisers are worse than Trackside tipsters

Nostradamus isn't a distant relative so I don't know the exact amount but if I had to pull a figure I would say it won't be less than 250k. Your in cuckoo land if you think there won't be a monetary fine.

I might add when ENTAIN shares were well below the current price not long ago I said time to buy.

Labrokes & Neds were purchased by ENTAIN in 2018. The relevant period of the alleged contraventions are between 16 December 2018 and 16 December 2024 and are certainly not at the low end of the scale. The Group has set aside £51 million ($64.8 million) to address the matter, although Entain claims the amount relates to accounting and does not reflect a potential penalty. They set aside £51 million to address the matter but that doesn't reflect a potential penalty? Yes could be a lot more. Crown Melbourne and Crown Perth faced significant scrutiny for operating under inadequate AML/CTF measures across their casino premises in Melbourne and Perth. Regulatory investigations uncovered failures in managing high-risk customers, including potential money laundering through junket operators and VIP programs. Crown was ordered to pay a AUD 450 million civil penalty for its breaches of the AML/CTF Act. Entain will fight its case in court if mediation is unsuccessful. It is due to file a defence by September. They won't want it going to Court just like they didn't in Turkey when without any prompting said they would pay 1 billion dollars as a fine. ----------------------------------------------------- This was never going to happen. New opportunities payment $90m The SPA includes a potential new opportunities payment of up to $90m. This payment relates to legislative changes Entain aims to pursue that were not in place when the agreement began. The payment is contingent on two key developments: • TAB NZ will receive at least $75m if the New Zealand Government legalises and establishes a licensing system for online casino products (e.g., online slots, table games, etc.) within 10 years of the agreement's start. • TAB NZ will receive at least $15m if the government legalises and creates a licensing system for virtual racing and sports products (both retail and online) within the same 10-year period. • Both new opportunities payments are conditional on: • TAB NZ being granted the exclusive licence during this period and appointing Entain as the only manager of that licence. No more than three licences are granted by the New Zealand Government. ----------------------------------- The above quote is a big worry especially with reduced income once the NZ dogs are gone - millions now not payable by Australian bookmakers on consumption tax - and once 15 online casinos get regulated to operate in NZ the gambling dollar on NZ racing will be reduced - and NZ SPORTS Codes are collectively through the Government seeking a bigger % payout.

Its the only week I have seen to compare to. I know one thing for sure after 12 months the figures will prove the TAB plucked out of the sky to claim hundreds of millions lost to overseas betting outlets was rubbish. That claim was used as an excuse to mask their incompetence. They are going to have to increase betting with Geo blocking to make up for the lost millions in consumption fees. You were correct in your earlier quote saying I don't like ENTAIN but in saying that I did say here that at just over $5 a share they were worth investing in. Great time now to start dumping them as can see a big drop coming soon.

Avondale turned them off decades ago.

It used to be club on-course commission of 11% win and place and 13% on exotic bets.

They are bludgers because they do nothing to promote sports betting but continue to want more money. Go and have a look at the web sites of most of the sports codes no promotion to bet on their product. The greyhounds had to pay $20 million to become part of the TAB - sports codes zero.

They better crank it up with no greyhound racing looming and the sporting code bludgers making joint submission to the Govt for increased payouts - oh and then 15 online casinos getting licensed to operate in NZ. Geo blocking won't be saving them.