Art & Entertainment | Book Reviews | Education | Entertainment Video | Health | Lifestyle | Sport | Sport Video | Search

 


FWC a Record-Breaker for TAB

17 July 2014

FWC a Record-Breaker for TAB

Betting on the Football World Cup 2014 tournament has smashed records for the TAB and pushed it over the $2 Billion revenue mark for the first time in history.

Punters spent $32.2 million during Football World Cup 2014, making it the TAB’s biggest ever betting event – outstripping the $30.2 million wagered on the 2011 Rugby World Cup.

New Zealand Racing Board CEO (Acting) Stewart McRobie says the record turnover results are great for the business as well as sport and racing in New Zealand.

“There are not many companies in New Zealand that turn over more than $2 billion. It reflects the combined efforts of our associated industries and staff and is something we are immensely proud of.”

The tournament also attracted more than 10,000 new customers to the TAB.

“At times it felt like every person in New Zealand was overcome with football fever and having a flutter!”

“Pleasingly the record-breaking Football World Cup results will also provide a financial boost for football in New Zealand, with a percentage of betting turnover and profit going directly back into the game,” says McRobie.

The TAB will be giving $560,000 to New Zealand Football, its cut of money spent by punters on the tournament.

New Zealand Football CEO Andy Martin says the windfall will allow them to continue to grow the game from a grassroots level.

“These funds will allow us to continue to support the structures we have in place as we seek to raise the importance of football in the New Zealand sporting landscape,” says Martin.

The TAB’s attention now shifts to another great one off Football event – the Football United Tour, hosted by the Wellington Phoenix.

The tour will see the Phoenix take on West Ham United at Eden Park on 23rd July, followed by a double header at Westpac Stadium on 26th July featuring Sydney FC taking on West Ham United and Wellington Phoenix taking on Newcastle.

ENDS

© Scoop Media

 
 
 
 
 
Culture Headlines | Health Headlines | Education Headlines

 

Photos: Inside The Christchurch Arts Centre Rebuild

Lady Pippa Blake visited Christchurch Arts Centre chief executive André Lovatt, a 2015 recipient of the Blake Leader Awards. The award celebrated Lovatt’s leadership in New Zealand and hisand dedication to the restoration of the Arts Centre. More>>

Running Them Up The Flagpole: Web Tool Lets Public Determine New Zealand Flag

A School of Design master’s student is challenging the flag selection process by devising a web tool that allows the public to feed their views back in a way, he says, the current government process does not. More>>

ALSO:

Survey: ‘The Arts Make My Life Better’: New Zealanders

New Zealanders are creative people who believe being involved in the arts makes their lives better and their communities stronger. Nine out of ten adult New Zealanders (88%) agree the arts are good for them and eight out of ten (82%) agree that the arts help to improve New Zealand society. More>>

ALSO:

Wellington.Scoop: Reprieve For Te Papa Press

Following its review of the role of Te Papa Press, Te Papa has committed to continue publishing books during the museum’s redevelopment, Chief Executive Rick Ellis announced yesterday. More>>

Law Society: Sir Peter Williams QC, 1934 - 2015

“Sir Peter was an exceptional advocate. He had the ability to put the defence case for his clients with powerful oratory. His passion shone through in everything he did and said.” Mr Moore says Sir Peter’s lifelong commitment to prison reform was instrumental in ensuring prison conditions and the rights of prisoners were brought to public attention. More>>

ALSO:

CTU: Peter Conway – Family Statement

Peter committed his whole working life to improving the lives of working people, both in unions and, more recently, as the Economist and Secretary of the Council of Trade Unions. He was previously Chair of Oxfam New Zealand and was on the Board of NZ Trade and Enterprise. More>>

ALSO:

Get More From Scoop

 
 

LATEST HEADLINES

 
 
 
 
Culture
Search Scoop  
 
 
Powered by Vodafone
NZ independent news