RCS - Entain PLC - New Zealand Government Establishes Legislative Net

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RNS Number : 9452O  Entain PLC  30 June 2025

30 June 2025

 

 

Entain plc

("Entain" or the "Group")

 

New Zealand Government establishes legislative net for racing and sports
betting industry

 

Entain plc (LSE: ENT), the global sports betting and gaming group, is pleased
to note that the New Zealand Government's amendments to the Racing Industry
Act 2020 have received Royal Assent. Link
(https://www.dia.govt.nz/press.nsf/d77da9b523f12931cc256ac5000d19b6/fc10df6cc41718afcc258cb9000e1668!OpenDocument)

 

The amended Racing Industry Act includes the establishment a "legislative net"
in New Zealand and extends the statutory body TAB New Zealand's (TAB NZ)
existing exclusivity for land-based racing and sports betting to include
online-provided gambling.

 

Effective from 28 June 2025, the legislative net prevents unlicensed offshore
operators offering wagering services to Kiwis. This will ensure funds staked
wagering remain onshore to maintain and improve the long-term financial
sustainability of the New Zealand racing and sports industry, as well as
strengthening harm minimisation measures for players.

 

In June 2023, Entain Australia and TAB New Zealand entered a 25-year strategic
partnership to provide New Zealand customers an enhanced onshore betting
experience, including leading safer gambling tools.

 

In line with the partnership agreement Link
(https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4265156&lang=en-GB&companycode=lu-gvc&v=redesign)
, Entain will make an additional NZ$100m payment to TAB NZ upon the
implementation of the legislative net across the New Zealand betting industry.

 

Sam Moncur, Entain Australia and New Zealand's Managing Director - New
Zealand, said:

"Entain is proud to be building on TAB NZ's legacy of racing and sport in New
Zealand and is privileged to provide an engaging betting experience to Kiwis.
This legislative amendment further deepens our commitment to the industry.
Alongside the ongoing efforts from government, members and sponsorship, we are
honoured that Entain's financial support of sporting and racing codes through
our strategic partnership, plays a role in strengthening communities and teams
across New Zealand."

 

Enquiries:

 Investor Relations - Entain plc             investors@entaingroup.com (mailto:investors@entaingroup.com)
 Media - Entain plc                          media@entaingroup.com (mailto:media@entaingroup.com)
 Media - Entain Australia & New Zealand      matt.smith@entaingroup.co.nz
 Sodali & Co                                 Tel: +44 (0) 20 7250 1446

Rob Greening/Russ Lynch/Sam Austrums

                                             entain@sodali.com

 

 

About Entain plc

Entain plc (LSE: ENT) is a FTSE100 company and is one of the world's largest
sports betting and gaming groups, operating both online and in the retail
sector. The Group owns a comprehensive portfolio of established brands: Sports
brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds,
Sportingbet, Sports Interaction, STS, SuperSport and TAB NZ; Gaming brands
include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and
PartyCasino. The Group owns proprietary technology across all its core product
verticals and in addition to its B2C operations provides services to a number
of third-party customers on a B2B basis.

The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and
iGaming in the US. Entain provides the technology and capabilities which power
BetMGM as well as exclusive games and products, specially developed at its
in-house gaming studios. The Group is tax resident in the UK and is the only
global operator to exclusively operate in domestically regulated or regulating
markets operating in over 30 territories.

Entain is a leader in ESG, a member of FTSE4Good, the DJSI and is AAA rated by
MSCI. For more information see the Group's website: www.entaingroup.com
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.entaingroup.com%2F&data=05%7C01%7CEmily.Carey%40entaingroup.com%7C89986aa3574b4384d55c08db10dbbe93%7C60c43c0a64ac4050bf3e31e1cdfffdeb%7C0%7C0%7C638122308205799396%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=XNdgGlXYdOaFRljkqU6Ae%2BTjlt%2B4xA90bacwAGAunqc%3D&reserved=0)

LEI: 213800GNI3K45LQR8L28

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