New Zealand ratifies the agreement between Entain and TAB

Entine, the leading global sports betting, gaming and interactive entertainment group, has announced that its strategic partnership with TAB New Zealand has received approval from the New Zealand Minister for Racing.

The terms of the 25-year strategic alliance include the full consideration to be paid by Entain and an ongoing gross profit-sharing agreement. Subject to final conditions, the JV is expected to commence on June 1, 2023.

Dean Shannon, CEO of Entyne Australia, comments:We are delighted and honored to have received ministerial approval to finalize the strategic partnership agreement between TAB NZ and Entain Australia. We believe this 25-year strategic partnership will be a game changer for sports betting in New Zealand and we are delighted that it will provide significant financial benefits to New Zealand’s three betting codes and the wider national sporting bodies. Entain is an innovative, customer-focused company and we look forward to working with the great team at TAB NZ to introduce a range of new world-class products, services and security tools to loyal TAB NZ customers.“.