The current operating model of the racing industry is not generating enough money to provide investment in the upkeep of infrastructure or employee training.

TAB NZ generates the greatest proportion of income that is distributed to the three racing codes and made available for the prize money, and for investment in the industry’s infrastructure. Legislative change to the Gambling Act 2003 has been mooted in the industry, which if enacted would prohibit New Zealanders betting or gambling with overseas wagering operators or online casinos. The industry is hopeful that a review of the Gambling Act would create a regulatory framework that would increase TAB NZ’s ability to generate added revenues.  

It is understood that there have been some conversations about implementing an arrangement whereby TAB NZ partners with an international operator to leverage operational scale and greater capital base – this is a process that the TAB NZ could undertake under its current legislated mandate.