Tabcorp, closer to NZ TAB

Tabcorp is aiming at operating overseas and expanding the business with further agreements.

New Zealand TAB is evaluating several brands to incorporate one as new partner.

New Zealand.- “The New Zealand Racing Board is currently in discussions with three organisations, of which Tabcorp is one, to explore options to automate our fixed-odds betting operation. There are no plans to privatise the TAB,” confirmed New Zealand Racing Board chief executive, John Allen.

The major gaming entity is evaluating a wagering deal with Tabcorp and other companies, which, according to rumors, are Australian Tatts Group and renowned British operators, Paddy Power and William Hill. Last two have already established profitable businesses in Australia. Paddy Power runs the Sportsbet brand and William Hill, the fixed-odds services for West Australia’s TAB competitors.

If the New Zealand Racing Board names Tabcorp as they partner, the possibilities of a merger are big. Tabcorp could acquire the New Zealand TAB and privatise the gaming monopoly, currently operated by New Zealand authorities. However, several representatives of both organisations denied the privatisation plans.