Nothing to fear from competition

The Government Working Group reviewing the effects of offshore online racing and sports betting should be investigating how to open the market up to more competition.

“We should not be restricting NZ gamblers’ options by further strengthening the TAB’s monopoly” said ACT Leader David Seymour.

“We should open the market up to more competition so NZ punters can access domestic odds that match the ones they can achieve via overseas betting agencies. Only an open market can achieve this.

“It’s hard to see how a working group so heavily weighted with racing interests will come up with any other conclusion but to ask Minister Guy to limit New Zealand punters’ options.

“Strengthening the power of the monopoly provider is not in the best interests of the Kiwis who gamble on the races and sports. New Zealand punters deserve the same competition and choice as their Australian counterparts, where bookmakers compete/co-exist with the Australian TAB.

“Minister Guy needs to ensure his Working Group acts in the interests of all Kiwis who enjoy a flutter, not the vested interests of existing monopoly providers.

ENDS

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