Tag Archives: New Zealand
- Crown arrests in China cast a shadow on SkyCity FY17 net profit
August 9, 2017
The spectre of Crown Resorts staffers' arrests in China last year continues to haunt New Zealand casino operator SkyCity Entertainment Group. In a regulatory filing, SkyCity reported on Wednesday that its net profit for the 2017 financial year tumbled 69.2 percent to NZD44.9 million (U$32.86 million) compared with NZD145.7 million...
- New Zealand intros online betting point of consumption legislation
August 2, 2017
New Zealand has made good on its vow to require international online gambling operators to pay betting information fees and point of consumption taxes on wagers taken from Kiwi punters. On Wednesday, newly appointed Racing Minister David Bennett (pictured) introduced the Racing Amendment Bill into Parliament. The Bill (viewable here)...
- New Zealand online gambling point of consumption tax looms
March 23, 2017
New Zealand’s government is pushing ahead with plans to restrict the ability of internationally licensed online gambling operators to offer wagers on local racing events. On Thursday, Racing Minister Nathan Guy (pictured) announced plans to amend the Racing Act 2003 to boost the fortunes of the New Zealand Racing Board,...
- New Zealand picks OpenBet, Paddy Power Betfair bet platform
December 20, 2016
New Zealand’s betting monopoly has teamed with UK/Irish operator Paddy Power Betfair (PPB) and technology provider OpenBet to drag Kiwi betting into the 21st century. On Tuesday, the New Zealand Racing Board (NZRB) announced its intentions to “engage” with Paddy Power Betfair and NYX Gaming Group’s OpenBet sports betting technology...
- SkyCity warns of adverse effect from China VIP crackdown, shares tumble
October 20, 2016
New Zealand casino operator SkyCity Entertainment Group’s shares tumbled on Friday over concerns that China’s anti-gambling moves could further depress already depressed VIP gaming revenue. SkyCity issued a “disappointing” fiscal Q1 trading update on Friday, with ‘normalized’ revenue – so named because it smooths out the inherent variance of VIP...
- Aussie TAB inks UFC partnership; New Zealand TAB website showing its age
September 21, 2016
Australian betting operator Tabcorp has entered into a multi-year sponsorship deal with the Ultimate Fighting Championship. On Tuesday, Tabcorp announced that its TAB.com.au betting brand was now the Official Betting and Wagering Partner of the UFC in Australia. The partnership will make its official debut in Melbourne on Nov. 27...
McGregor strikes deal with Betsafe
August 10, 2017