Melbourne Cup<\/a><\/em><\/strong>, which was held without an audience, resulted in TAB\u2019s highest ever turnover at the event, up by 14 per cent year-on-year to NZ$26.6m (US$18.9m). The race itself generated NZ$11.5m (US$8.2m) in turnover.<\/p>\n\n\n\nResulting turnover of NZ$11.3m (US$8.06m) from the IRT NZ Trotting Cup day was also the highest ever for a Cup day.<\/p>\n\n\n\n
TAB NZ said: \u201cDomestic starter and field size numbers have continued to be strong with domestic racing turnover up NZ$13.8m (US$9.84m) against budget.\u201d<\/p>\n\n\n\n
Overseas racing also beat expectations for the month, coming at 21 per cent over target.<\/p>\n\n\n\n
As for other sports, the Rugby League\u2019s State of Origin generated around NZ$200,000 (US$142,724) more per game than in the 2019 season. T20 cricket games generated NZ$800,000 (US$570,897), up NZ$300,000 (US$214,086) on the last limited-overs match played in New Zealand before lockdown.<\/p>\n","protected":false},"excerpt":{"rendered":"
Profits before distributions reached US$12.6m for November thanks to the popular horse racing event.<\/p>\n","protected":false},"author":2,"featured_media":12869,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"TAB NZ reported November profits before distributions of NZ$17.7m (US$12.6m), exceeding estimates by NZ$4.9m, primarily driven by record turnover from the Melbourne Cup and NZ Cup Week. Strong domestic racing fields, operational efficiencies, and the resumption of global sporting events also contributed significantly to this robust financial performance.","focusai_entities":"TAB NZ, Rugby League, State of Origin, T20 cricket","focusai_location":"Australia, New Zealand, Christchurch","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Operational Efficiency Drivers?","query":"What specific operational efficiencies contributed to TAB NZ exceeding its profit estimates, and how are these sustainable in the long term?"},{"label":"Sustaining Growth Strategy?","query":"How does TAB NZ plan to sustain this growth trajectory beyond major event periods, particularly concerning domestic racing and other sports verticals?"}],"footnotes":""},"categories":[16336,155],"tags":[4256,338],"class_list":["post-12867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-sports-betting-news","tag-horse-racing","tag-new-zealand"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=12867"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12867\/revisions"}],"predecessor-version":[{"id":12889,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12867\/revisions\/12889"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/12869"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=12867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=12867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=12867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}