TAB NZ will become the sole legal provider of online sports and racing betting, with a number of politicians saying it could provide a major boost to the nation’s betting industry.

The new law will give TAB NZ, which is the regulatory arm of the TAB, and Entain a monopoly on the racing and sports betting markets in New Zealand through their two brands, TAB and Betcha.

The amendments to the Racing Industry Act 2020 will enable the TAB NZ to be the sole legal provider of online sports and racing betting in New Zealand.

If TAB NZ's performance does not meet expectations, action can be taken to uphold the protection of consumers." "This legislation comes at an important time for the racing industry, with TAB NZ's ...

A $100 million payment to TAB NZ will be triggered by the new legislation.

New Zealand Bloodstock owner and internationally-renowned breeder and owner Sir Peter Vela will chair a new advisory committee to TAB NZ – the regulatory arm of thenational betting agency ...

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