Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Suspending betting on Aussie sport not the solution


MEDIA RELEASE
February 8, 2013
Suspending betting on Aussie sport not the solution

The TAB shares the concerns of New Zealand sporting organisations and sports fans following the release of a report alleging drug-taking, match-fixing and links to organised crime in Australian sport but says suspending legal betting on Australian competitions is not the way to address the problem.

TAB General Manager Martin Saunders says the New Zealand betting agency has stringent processes in place to monitor all sports betting activity.

“Integrity is our ultimate priority and we commit a huge amount of time, effort and resource to making sure our customers can be confident that the sports fixtures they are betting on are above board. We have the ability to proactively red-flag and suspend unusual activity and we then investigate this alongside the sporting body involved.

“We are fortunate as the country’s national betting agency to have really strong and effective relationships with our national sporting organisations so, as with all sports bodies and sports fans on both sides of the Tasman, we’re concerned by the implications of the Australian Crime Commission report.

“However, we should not rush to judge or make rash decisions until we know more, and simply suspending betting on Australian sport wouldn’t address the issues. In fact, this would only drive sports betting underground to illegal bookmakers, and we’ve seen from previous incidents of this nature in international sport that’s where the problem really is.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Statistics: Dairy And Travel Still Our Largest Export Earners

New Zealand earned $2.3 billion more from exports than we spent on imports during the year ended June 2015... total exports of goods and services were $67.5 billion, while total imports were $65.1 billion. More>>

ALSO:

Approval: Air New Zealand And Air China Launch New Alliance Route

Air New Zealand and Air China have today launched joint sales for a new daily direct service between Auckland and Beijing after receiving approval from New Zealand Minister of Transport Hon Simon Bridges to form a strategic alliance. More>>

ALSO:

Money Trading: FX Trader Jin Yuan Finance Warned Over Lack Of Monitoring

Jin Yuan Finance, an Auckland-based foreign exchange trader, has been warned over its lack of anti-money laundering processes in place in the first public notification by the Department of Internal Affairs. More>>

ALSO:

Auckland Surge, Possible Peak: House Values Accelerate At Fastest Annual Pace In 8 Years

New Zealand residential property values rose at their fastest annual pace in eight years in August, pushed higher by overflowing demand in Auckland, which is showing signs speculators think it has reached its peak, according to Quotable Value. More>>

ALSO:

Cash Money: Reserve Bank Launches New $5 And $10 Banknotes

The $5 and $10 final banknotes were revealed at an event at the Bank in Wellington, and will start to be released from mid-October 2015. More>>

ALSO:

Truck Sales Booted: Commerce Commission Files Charges Against Mobile Trader

The Commerce Commission has filed charges against a mobile trader, or truck shop operator, claiming he obtained money from customers by deception and never intended to supply them with the goods they paid for. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news