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TAB NZ Annual report 2024


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Facial recognition implementation TAB NZ completed the rollout of facial recognition technology into all 46 stand-alone TAB venues in 2023/24. Rollout of this technology into the stand-alone TAB venues has been paramount in identification of potential excluded customers (for TAB/ gaming purposes), which helps to support TAB NZ’s mission of Harm Minimisation. The main benefits of this technology include: strengthening the approach to responsible gambling and harm minimisation and wider community; instant staff alerting and improved identification of excluded persons, utilising AI technology rather than human-to-human recognition; and acting as a deterrent for excluded persons due to known prevalence of facial recognition technology. Following investment in facial recognition into current standalone TAB venues, TAB NZ is exploring its options as it looks to further invest in the wider TAB pub/club network, using the facial recognition fund.

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KEY IMPACTS KEY SIGNIFICANT JUDGEMENTS NOTE Continuing designation of TAB NZ as a for-profit entity This strategic partnering arrangement marks a significant shift in operations for the TAB NZ business. However, the strategic partnering arrangement does not change the objectives of TAB NZ, the beneficiaries of its operations, or its founding statute. Consequently, there is no change in TAB NZ’s designation as a for-profit entity.

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FINANCIAL ASSETS AT AMORTISED COST Cash and cash equivalents 9 142,773 201,614 Trade and other receivables 10 19,095 44,571 Term deposits 15 29,020 10,000 Lease receivable 21 10,581 12,489 TOTAL FINANCIAL ASSETS AT AMORTISED COST 201,469 268,674

down $67,000,000?

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