Chief Stipe Posted May 16, 2023 Share Posted May 16, 2023 TAB seeks Commerce Commission approval for variation of authorisation with Entain www.rnz.co.nz State-owned betting agency TAB has applied to vary the authorisation of its arrangements with Tabcorp as it is set to come under the control of a British betting giant. The agency is about to come under the operational control of British firm Entain, which operates the well known Ladbrokes chain, for 25 years after a 2018 review recommended the need for a strategic partnership to guarantee the agency's future. The Commerce Commission said under its authorisation, TAB and Tabcorp were able to restrict take-out rates from commingled pools, or betting rules provisions, and the rebates or commissions that TAB and Tabcorp paid high volume customers. That authorisation would expire in August 2025. TAB has now applied to the Commerce Commission to have this authorisation varied to apply to Entain, though TAB was not seeking any other amendments to the authorisation. TAB has submitted that its strategic partnership with Entain is a material change of circumstances that warrants the commission amending the 2016 authorisation. The commission said it was now seeking submissions on the request, with submissions to close on 24 May. Quote Link to comment Share on other sites More sharing options...
Assange Posted May 17, 2023 Share Posted May 17, 2023 So what actual consultation was done over this deal? I can't actually remember seeing any. Was it all done in-house? I still can't get my head around the 25 year term. I seem to remember similar "she'll be right" assurances when Trackside went to the Sky Network. Now that aint working out too good is it? 1 Quote Link to comment Share on other sites More sharing options...
The Centaur Posted May 17, 2023 Share Posted May 17, 2023 21 minutes ago, Assange said: So what actual consultation was done over this deal? I can't actually remember seeing any. Was it all done in-house? I still can't get my head around the 25 year term. I seem to remember similar "she'll be right" assurances when Trackside went to the Sky Network. Now that aint working out too good is it? Exactly. I don't see there being ever any invitation for consultation on the deal only for this minor point and little time given. This whole deal is getting messy. I can see the lady Andree Froude from the harmful gambling outfit point that Entain brings nothing to the country except a desperate effort to extract an extra $60m profit from young people betting on sport. Obviously people will be made aware of Entain's other brands so in actual fact more money will be leaving NZ. Do we know what the % split in profit with sport will be in 2 years time given sport will have much more betting than now? 1 Quote Link to comment Share on other sites More sharing options...
The Centaur Posted May 17, 2023 Share Posted May 17, 2023 3 hours ago, Assange said: So what actual consultation was done over this deal? I can't actually remember seeing any. Was it all done in-house? I still can't get my head around the 25 year term. I seem to remember similar "she'll be right" assurances when Trackside went to the Sky Network. Now that aint working out too good is it? From the Racing Act. (5) TAB NZ must publish a copy of its business plan on an Internet site maintained by or on behalf of TAB NZ. The idea obviously is for all sectors depending on funding from the TAB to know and have some input into what the TAB intends. If TAB is to operate in conjunction with Ladbrokes then all aspects of this arrangement different to the current setup must be displayed on the website. 1 Quote Link to comment Share on other sites More sharing options...
Special Agent Posted May 17, 2023 Share Posted May 17, 2023 I want to know what the consequences are for anyone in a leading position not following the conditions set out in the Racing Act, as the industry is legally bound? It seems racing administrators just do whatever they want with little or no consequences. 3 Quote Link to comment Share on other sites More sharing options...
Freda Posted May 17, 2023 Share Posted May 17, 2023 I don't know how this all works....but in a general sense, if someone or some institution breaks a law, there will be a complaint or a charge made. Therefore, someone has to take action and make the transgression plain to the appropriate body. Who would do that in this situation? NZTR? A club or club official? A concerned individual? And to whom/what body would the claim of illegal behaviour be made? The Minister? If he had an in depth understanding of the matter he would have woken up himself, surely. 1 Quote Link to comment Share on other sites More sharing options...
The Centaur Posted May 22, 2023 Share Posted May 22, 2023 Well you can bet Entain will be lobbying hard. NZ & McAnulty should be a pushover. https://www.theguardian.com/society/2023/may/21/ladbrokes-owner-entain-dishonest-lobbying-gambling-reforms Quote Link to comment Share on other sites More sharing options...
mikeynz Posted May 22, 2023 Share Posted May 22, 2023 (edited) Give these fuckers the flick, stick to tabcorp if anyone, after all you do commingle pools now so that's a starting point. Corporates are fine but they are interested in dollars, not racing, sports organisation's etc etc. Edited May 22, 2023 by mikeynz Quote Link to comment Share on other sites More sharing options...
Special Agent Posted May 22, 2023 Share Posted May 22, 2023 Can't help thinking if business brains are dragging the NZ racing industry into this deal, we would be better off with cow cockies and horse trainers making the decisions. Quote Link to comment Share on other sites More sharing options...
Special Agent Posted May 22, 2023 Share Posted May 22, 2023 On 5/17/2023 at 11:38 AM, Chief Stipe said: TAB seeks Commerce Commission approval for variation of authorisation with Entain www.rnz.co.nz State-owned betting agency TAB has applied to vary the authorisation of its arrangements with Tabcorp as it is set to come under the control of a British betting giant. The agency is about to come under the operational control of British firm Entain, which operates the well known Ladbrokes chain, for 25 years after a 2018 review recommended the need for a strategic partnership to guarantee the agency's future. The Commerce Commission said under its authorisation, TAB and Tabcorp were able to restrict take-out rates from commingled pools, or betting rules provisions, and the rebates or commissions that TAB and Tabcorp paid high volume customers. That authorisation would expire in August 2025. TAB has now applied to the Commerce Commission to have this authorisation varied to apply to Entain, though TAB was not seeking any other amendments to the authorisation. TAB has submitted that its strategic partnership with Entain is a material change of circumstances that warrants the commission amending the 2016 authorisation. The commission said it was now seeking submissions on the request, with submissions to close on 24 May. Chief, re-reading this (like you do) with submissions closing tomorrow how many submissions, and from whom, do you think there will be? And as there is still a chance the Commerce Commission will not approve, what happens then? Quote Link to comment Share on other sites More sharing options...
The Centaur Posted May 23, 2023 Share Posted May 23, 2023 7 hours ago, mikeynz said: Give these fuckers the flick, stick to tabcorp if anyone, after all you do commingle pools now so that's a starting point. Corporates are fine but they are interested in dollars, not racing, sports organisation's etc etc. I like your first sentence. I gave my personal details to NZTAB. It was never my intention to give it to an overseas bookie with lots of other gambling sites. If TABNZ do that its another case of acting illegally. Quote Link to comment Share on other sites More sharing options...
Kihikihi Kid Posted May 23, 2023 Share Posted May 23, 2023 Doing the form on this deal with those involved ... It's a done deal I'd say ... Quote Link to comment Share on other sites More sharing options...
Freda Posted May 23, 2023 Share Posted May 23, 2023 7 minutes ago, Kihikihi Kid said: Doing the form on this deal with those involved ... It's a done deal I'd say ... Think you're on the money. Quote Link to comment Share on other sites More sharing options...
The Centaur Posted May 23, 2023 Share Posted May 23, 2023 6 minutes ago, Kihikihi Kid said: Doing the form on this deal with those involved ... It's a done deal I'd say ... Oh.... so its a done deal therefore must be good. Like all their other deals OpenBet, Paddy Power, that Australian system ditched after $20M and all the deals with dodgy outfits. Yeah I know the odds I suggest you do the form. As for form analysts hope you are better than John Allen.. Launching TAB NZ’s new property, NZRB Chief Executive John Allen stated that the portal would raise vital funds for New Zealand racing stakeholders, as the governing body continues its revamp of the sport. “We estimate this initiative alone will increase returns to the industry by $17 million – $19 million in annualised profit, rising to approximately a $30 million increase in net betting profit as a result of the Fixed Odds Betting change from 2021/22,” said Allen. “Our partners on this project, OpenBet and PaddyPower Betfair are world class operators. What they have done is ensure the New Zealand TAB, a significant and valuable industry asset, can now compete with the rest of the world, increase our revenue and in turn, our distributions back to racing and sport”. Quote Link to comment Share on other sites More sharing options...
Kihikihi Kid Posted May 23, 2023 Share Posted May 23, 2023 21 minutes ago, The Centaur said: Oh.... so its a done deal therefore must be good. Like all their other deals OpenBet, Paddy Power, that Australian system ditched after $20M and all the deals with dodgy outfits. Yeah I know the odds I suggest you do the form. As for form analysts hope you are better than John Allen.. Launching TAB NZ’s new property, NZRB Chief Executive John Allen stated that the portal would raise vital funds for New Zealand racing stakeholders, as the governing body continues its revamp of the sport. “We estimate this initiative alone will increase returns to the industry by $17 million – $19 million in annualised profit, rising to approximately a $30 million increase in net betting profit as a result of the Fixed Odds Betting change from 2021/22,” said Allen. “Our partners on this project, OpenBet and PaddyPower Betfair are world class operators. What they have done is ensure the New Zealand TAB, a significant and valuable industry asset, can now compete with the rest of the world, increase our revenue and in turn, our distributions back to racing and sport”. Where did I say it was a good deal. Doing the form I'd say it's another complete fuck up 2 Quote Link to comment Share on other sites More sharing options...
mikeynz Posted May 23, 2023 Share Posted May 23, 2023 Whatever happens happens, but in the fullness of time I reckon many will be proven right, hopefully they don't get geo blocking, I'm for competition, without it you take what you get or tough luck. Quote Link to comment Share on other sites More sharing options...
Freda Posted May 23, 2023 Share Posted May 23, 2023 On 22/05/2023 at 9:14 PM, The Centaur said: Well you can bet Entain will be lobbying hard. NZ & McAnulty should be a pushover. https://www.theguardian.com/society/2023/may/21/ladbrokes-owner-entain-dishonest-lobbying-gambling-reforms They were. 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted May 23, 2023 Author Share Posted May 23, 2023 How did the Commerce Commission approve this deal so quickly? Normally they are glacial in their decision making processes. There must be some legislation to be passed under urgency for this deal to proceed legally. Quote Link to comment Share on other sites More sharing options...
Newmarket Posted May 24, 2023 Share Posted May 24, 2023 So. As for the geo blocking. Entain /TAB want NO nz punters betting overseas. But overseas punters can bet on the NZ Tab? How will this work, go through Entain sub account then get channeled to TAB? I smell a huge rat here Quote Link to comment Share on other sites More sharing options...
Nowornever Posted May 24, 2023 Share Posted May 24, 2023 3 hours ago, Newmarket said: So. As for the geo blocking. Entain /TAB want NO nz punters betting overseas. But overseas punters can bet on the NZ Tab? How will this work, go through Entain sub account then get channeled to TAB? I smell a huge rat here All geo blocking is beatable with the right software Quote Link to comment Share on other sites More sharing options...
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