Entain Snags $900m Deal to Run TAB NZ Betting Monopoly Starting June 1
Lina Almans
24 May 2023
Comment 0
Pictured: Entain CEO Jette Nygaard-Andersen
New Zealand’s Minister for Racing, Kieran McAnulty, has given the green light to a deal that will let British gambling giant Entain take over the management of the country’s sole betting operator, TAB NZ, according to the New Zealand Herald.
Under the deal, which is worth $900 million and will last for 25 years, Entain will get paid over 5 years and will keep all 460 TAB NZ workers on the payroll for at least 2 years.
The agreement is called a strategic partnership, but it basically means that Entain will run the show under the TAB NZ brand. The partnership is expected to kick off on June 1, 2023.
TAB NZ is worth around $630 million and has a monopoly on the New Zealand betting market. The government-owned company has 675 betting outlets across the country and also offers online gambling. By taking over TAB NZ’s management, Entain will become the only game in town for New Zealander bettors.
As a reminder, the British gambling giant won the bidding war for the betting partnership back in March.
Best Bonuses
BitStarz Bonus Code – Welcome Bonus
Активен до: 22.12.2026
BitStarz offers a welcome bonus: up to $500 or 5 BTC, plus extra rewards after your first deposit.
Best Linebet Promo Code for New Users: 2 Welcome Bonuses
Активен до: 22.12.2026
Up to 1766 USD + 150 free spins for casino or a 100% sports bonus up to 117.89 USD on the first deposit.
Working 888starz.bet Promo Code – Sports & Casino Bonus
Активен до: 22.12.2027
Promo code unlocks the full welcome package, including up to €1500 + 150 Free Spins in the casino and up to €400 in sport.
Working Pinco Promo Code 2026 – Elite Welcome Rewards
Активен до: 22.12.2026
New players at Pinco can claim a 160% casino bonus on their first deposit by registering with the promo code GPARK.
Official Fonbet Promo Code 2026 for €3,000
Активен до: 22.12.2026
Choose a multi-stage casino bonus and get up to €3,000 and 225 free spins across your first five deposits.
Bonus Promo code PIN-UP — Special Promo
Активен до: 22.12.2026
Profitable bonus with using our promo code up to €5,000
