{"id":23911,"date":"2021-10-26T11:25:54","date_gmt":"2021-10-26T14:25:54","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=23911"},"modified":"2026-04-23T14:26:41","modified_gmt":"2026-04-23T17:26:41","slug":"tab-nz-revenue-up-6-6-for-september","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/tab-nz-revenue-up-6-6-for-september","title":{"rendered":"TAB NZ revenue up 6.6% for September"},"content":{"rendered":"\n

TAB NZ\u2019s revenue reached NZ$191.9m (US$137.7m) in September, up 6.6 per cent when compared to the previous month.<\/p>\n\n\n\n\n\n\n\n

New Zealand.- Tab New Zealand<\/a> has reported a 6.6 per cent month-on-month increase in revenue <\/strong>for September. However, the figure was NZ$9.4m below budget and NZ$18.8m down when compared to September 2020. Gross betting revenue was NZ$33.7m (US$24.1m)<\/strong>, NZ$1.5m above budget.<\/p>\n\n\n\n

TAB NZ’s operations were affected by new Covid-19 restrictions, with many areas on level 3 alert. Profits for the month reached NZ$13.8m, up 58.6 per cent month-on-month<\/strong>, while operating expenses were NZ$9.1m. <\/p>\n\n\n\n

The Tarzino Trophy in Hastings was the most profitable event of the month, generating NZ$635,000. It was followed by Sir Rupert Clarke in Caulfield at NZ$508,000 and the War Decree 1200 at Te Rapa (NZ$439,000).<\/p>\n\n\n\n

In terms of sporting events, the New Zealand Rugby Union had the most popular matches<\/strong> against South Africa and Australia, raising NZ$933,000 and NZ$800,000 respectively.  The rugby league between the South Sydney Rabbits and Manly Seahawks followed closely with a prize of NZ$664,000. <\/p>\n\n\n\n

TAB NZ<\/a> said: “Notwithstanding these challenges, the TAB and industry is maintaining a much more robust position financially than during last year\u2019s nationwide lockdown.<\/p>\n\n\n\n

“However, as the Government response to Covid-19 continues to adapt and evolve, TAB NZ will continue to act with caution when assessing future potential trading conditions<\/strong> and how this will flow on to profit distribution.” <\/p>\n\n\n\n

The company said betting performance for the first half of October had been relatively strong, but that the continued closure of retail in Auckland presented challenges for the business. <\/p>\n","protected":false},"excerpt":{"rendered":"

TAB NZ\u2019s revenue reached NZ$191.9m (US$137.7m) in September, up 6.6 per cent when compared to the previous month.<\/p>\n","protected":false},"author":176,"featured_media":23932,"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 a 6.6% month-on-month revenue increase to NZ$191.9m in September, despite being below budget and prior year figures, and impacted by Covid-19 restrictions. Gross betting revenue exceeded budget, leading to a 58.6% month-on-month profit increase to NZ$13.8m. The entity maintains a robust financial position amidst ongoing operational challenges, particularly retail closures in Auckland, and is cautiously assessing future trading conditions.","focusai_entities":"TAB NZ, New Zealand Rugby Union, South Sydney Rabbits, Manly Seahawks","focusai_location":"New Zealand, Hastings, Caulfield, Te Rapa, South Africa, Australia, Auckland","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"NGR impact Auckland closures?","query":"What is TAB NZ's projected Net Gaming Revenue (NGR) impact from sustained Auckland retail closures, and how does this affect the full-year forecast?"},{"label":"Profit distribution adaptation?","query":"How will TAB NZ's profit distribution model adapt to evolving Covid-19 restrictions and potential future operational disruptions, particularly concerning statutory returns?"}],"footnotes":""},"categories":[16336,155],"tags":[233,23935,23709],"class_list":["post-23911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-sports-betting-news","tag-sports-betting","tag-sportsbook","tag-tab-nz"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23911","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=23911"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23911\/revisions"}],"predecessor-version":[{"id":23933,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23911\/revisions\/23933"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/23932"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=23911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=23911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=23911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}