New Zealand plans to extend TAB NZ's betting monopoly to online platforms to support the racing industry.

New Zealand's Racing Minister, Winston Peters, plans to amend the Racing Industry Act to extend TAB NZ's monopoly on sports and racing betting to online platforms. This aims to ensure the long-term sustainability of New Zealand's racing industry, which relies heavily on TAB NZ for funding. The amendment includes new oversight powers for the Minister and regulatory measures for consumer protection. The Bill will be reviewed by the Governance and Administration Committee.

4 months ago
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