There are also a number of other gaming activities that may be conducted for fund raising purposes that do need to require a permit. In Western Australia, the Gaming and Wagering Commission Act 1987 provides for the issue of permits to charitable groups, sporting bodies and community-based, not-for-profit organisations for the purpose of raising funds from gaming related activities. 'This deal represents TAB NZ's commitment to safeguarding the future of TAB NZ and the racing and sports industries in New Zealand,' said co-lead Partner Jeremy Low.Gaming is defined in the Gaming and Wagering Commission Act 1987 as 'the playing of a game of chance for winnings in money or money's worth, whether any person playing the game is at risk of losing any money or money's worth or not.'Ī 'game of chance' includes a pretend game of chance, or a pretended game which includes a degree of chance, whether or not combined with a skill or degree of skill.Ī game of chance does not include any athletic game or sport. 'We were pleased to work with the team at TAB NZ and Barrenjoey on this deal to achieve this incredibly significant outcome for the racing and sports industries in New Zealand.' 'By partnering with a key player in the international betting and gaming market, TAB NZ will be able to offer global best practice in both customer experience and responsible gambling and harm minimisation, whilst delivering significant funding increases for the racing and sports industries', said co-lead Partner Phil O'Sullivan. The deal offers a significant step forward for the funding and long-term viability of New Zealand's racing and sports industries. The historic deal has resulted in Entain taking on the majority of operations of TAB NZ, New Zealand's statutory body for racing and sports betting, broadcasting and gaming and the sole entity authorised to conduct racing and sports betting in New Zealand.Įntain taking the reins of the racing and sports betting monopoly in New Zealand will see guaranteed funding to TAB NZ of more than NZ$1 billion in the first five years of the partnership.

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