Entain to close NZ TAB Racing Club

Entain Australia and New Zealand will focus on its core wagering business and long-term sustainability.

New Zealand.- Entain Australia & New Zealand has announced that it will close its TAB Racing Club in New Zealand after only a year. Around 18,000 New Zealand TAB customers joined the experience-based club, but the company said the business case “no longer stacks up,” requiring around NZ$2.5m annually to operate.

Entain said it will honour all existing Racing Club experiences through to the end of New Zealand Cup Week in Christchurch in November. The company has commenced a process to sell the club’s horses. The process involves independent appraisal of animal welfare.

Andrew Vouris, CEO of Entain ANZ, said: “This is a disciplined, responsible decision that allows us to get back to basics – selling bets and delivering strong returns to the New Zealand racing industry. We are focused on our core business of responsibly selling bets and creating innovative products, while ensuring the horses are well cared for with their new owners, and our customers enjoy the experiences they’ve already secured.”

He said the decision is about “discipline, focus, and doing what’s right for the long term – winning, but not at all costs.”

Entain ANZ said the company remains committed to delivering “strong returns to the New Zealand racing industry through its 25-year partnership with TAB New Zealand.”

See also:

See also: Betr increases stake in PointsBet after takeover defeat

Entain Australia and New Zealand will focus on its core wagering business and long-term sustainability. New Zealand.- Entain Australia & New Zealand has announced that it will close its TAB…