Gross betting revenue was 5.3 per cent over budget.<\/p>\n\n\n\n\n\n\n\n
New Zealand.-\u00a0Tab New Zealand<\/strong>\u00a0has shared its financial results for April. It reported a turnover of AU$221.7m<\/strong>, 0.8 per cent above budget. Gross betting revenue (GBR) was AU$37m, 5.3 per cent above budget.<\/p>\n\n\n\n Turnover was above budget for the second month in a row, and racing and sports betting turnover and profit performed well despite fewer customers interacting with the retail and hospitality sector. Net profit reached AU$15.3m<\/strong>, AU$0.4m above budget. Betting net profit was AU$14.0m but gaming net profit was 13.3 per cent below budget at AU$1.3m.<\/p>\n\n\n\n The top sporting event by turnover in April was the US Masters Golf tournament at AU$1.01m followed by the Warriors vs Storm NRL on the 25th of April at AU$0.77m.\u00a0The leading in-play sport was basketball, which accounted for 32 per cent of in-play turnover. The top pre-match sport was rugby league, accounting for 29 per cent of pre-match turnover.<\/p>\n\n\n\n The Sires Produce Stakes Raceday at Awapuni was the most popular racing event, with turnover of AU$2.6m. For the financial year-to-date, the company reported\u00a0a net profit of AU$124.4m<\/strong>, AU$0.8m above budget but down AU$14.7m year-on-year.<\/p>\n\n\n\n TAB NZ said: “TAB continued to operate successfully through its online and retail channels throughout April, despite some impact to retail operations due to the current Omicron outbreak. The outbreak has had a continued impact on foot traffic in the retail and hospitality sector, although this eased towards the end of April once New Zealand passed the peak of the Omicron outbreak.”<\/p>\n","protected":false},"excerpt":{"rendered":" Gross betting revenue was 5.3 per cent over budget.<\/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 New Zealand reported robust April financial results, with turnover and Gross Betting Revenue (GBR) exceeding budget, primarily driven by strong racing and sports betting performance. Despite the ongoing impact of the Omicron outbreak on retail foot traffic, the operator maintained successful online and retail channel operations, achieving an overall net profit above budget for the month. However, the year-to-date net profit showed a significant year-on-year decline.","focusai_entities":"Tab New Zealand, TAB NZ","focusai_location":"New Zealand, Awapuni","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), affiliate_publisher (0.7), product_ux (0.75), marketing_crm (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Retail Channel Strategy","query":"Given the continued impact of the Omicron outbreak on retail foot traffic, what strategic adjustments is TAB NZ implementing to optimize its retail channel profitability and mitigate future public health-related disruptions?"},{"label":"Gaming Vertical Underperformance","query":"What specific factors contributed to the 13.3% under-budget performance in gaming net profit, and what product or marketing initiatives are planned to address this vertical's underperformance?"}],"footnotes":""},"categories":[16336,157],"tags":[23709],"class_list":["post-30162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-tab-nz"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30162","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=30162"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30162\/revisions"}],"predecessor-version":[{"id":30185,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30162\/revisions\/30185"}],"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=30162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=30162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=30162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}