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

 

Budget Policy Statement: Spending Wins Over Tax Cuts; Big Ticket Items Get Boost

Income tax cuts are on hold as the government says “responding to the earthquakes and reducing debt are currently of higher priority”, although election year tax sweeteners remain possible. More>>

ALSO:

Fishy: Is Whitebaiting Sustainable?

The whitebait fry - considered a delicacy by many - are the juveniles of five species of galaxiid, four of which are considered threatened or declining. The SMC asked freshwater experts for their views on the sustainability of the whitebait fishery and whether we're doing enough to monitor the five species of galaxiid that make up whitebait. More>>

ALSO:

Crown Accounts: Smaller-Than-Expected Four-Month Deficit

The New Zealand government's accounts recorded a smaller-than-forecast deficit in the first four months of the fiscal year on a higher-than-expected inflow of corporate and goods and services tax. More>>

ALSO:

On For Christmas: KiwiRail Ferries Back In Full Operation After Quake

KiwiRail’s Interislander ferries are back in full operation for the first time since the Kaikoura earthquake, with the railspan that allows rail wagons to be loaded on the Aratere now restored. More>>

ALSO:

Comerce Commission Investigation: Prosecutions Over Steel Mesh Labelling

Steel & Tube Holdings, along with two other companies, will be prosecuted by the Commerce Commission following the regulator's investigation into seismic steel mesh, while Fletcher Building's steel division has been given a warning. More>>

ALSO:

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news