Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search


NZ Racing Board obtains Class 4 operator’s licence

August 9, 2011

NZ Racing Board obtains Class 4 operator’s licence

The New Zealand Racing Board’s application for a Class 4 gaming operator’s licence has today been approved by the Department of Internal Affairs.

All existing gaming machines at the approximately 30 TAB venues will progressively be covered by this licence. The NZ Racing Board will eventually be the licence-holder and venue operator at all TAB agencies and branches that offer gaming.

New Zealand Racing Board interim chief executive Bill Colgan said the Class 4 gaming operator’s licence would enable the NZ Racing Board to have greater control and oversight of gaming undertaken on TAB premises.

“This is in keeping with our legal obligation under the Racing Act 2003 to maximise returns for the long-term good of New Zealand racing,” Mr Colgan said.

“This licence will significantly enhance clarity around the process for the distribution of grants for authorised purposes.”

By law the NZ Racing Board is legally entitled to distribute 100 per cent of the net proceeds from its gaming machines to authorised racing purposes.

However, the NZ Racing Board also wishes to provide crucial support to amateur sport in New Zealand. Therefore, up to 20 per cent of the net proceeds from NZ Racing Board gaming machines will be distributed to communities through grants to sport.

“There is no question that we will be supporting the New Zealand racing industry through the distribution of net proceeds from these machines.

“However, we also understand the vital role that sport plays in our communities and it is our view that amateur sports should also benefit from proceeds from our gaming machines,” Mr Colgan said.

The NZ Racing Board’s Class 4 operator’s licence will eventually apply to the approximately 300 existing gaming machines currently situated in TAB agencies and branches nationwide.

“This will not increase the ‘gaming footprint’ but will provide an effective way to allow the NZ Racing Board to direct funding for authorised purposes,” Mr Colgan said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Geo-political Posturing Over China’s Cyber Hacks, Plus The Weekly Playlist

The timing was one of the weirder aspects of this week’s cyber condemnation of China by the West. Why was this piece of political theatre being staged now? China (and Russia’s) sponsoring and/or condoning of semi-state and criminal hacker groups has been known about for nigh on a decade. More particularly, Microsoft had been alerted to the flaws in its Microsoft Exchange... More>>


Government: Cabinet Accepts Turkish Authorities’ Request For The Managed Return Of Three NZ Citizens

Cabinet has agreed to the managed return of a New Zealand citizen and her two young children from Turkey, Prime Minister Jacinda Ardern announced today. The three have been in immigration detention in Turkey since crossing the border from Syria earlier this year... More>>


Government: Quarantine Free Travel With Australia Suspended

Quarantine Free Travel from all Australian states and territories to New Zealand is being suspended as the Covid situation there worsens, Prime Minister Jacinda Ardern and COVID-19 Response Minister Chris Hipkins announced today... More>>


Government: New Zealand Condemns Malicious Cyber Activity By Chinese State-sponsored Actors

New Zealand has established links between Chinese state-sponsored actors known as Advanced Persistent Threat 40 (APT40) and malicious cyber activity in New Zealand. “The GCSB has worked through a robust technical attribution process in relation to this activity. New Zealand is today joining other countries in strongly condemning this malicious activity... More>>


NZUS Council: Welcomes Nomination Of Senator Tom Udall As US Ambassador To NZ

The NZUS Council welcomes the nomination of Senator Tom Udall to the role of US Ambassador to New Zealand and Samoa, NZUS Council executive director Jordan Small said... More>>

BusinessNZ: Visa Extensions Welcomed
BusinessNZ has welcomed the extension of some critical skill visa durations and changes to immigration systems to speed processing. Chief Executive Kirk Hope says move acknowledges advocacy by the hospitality sector, the BusinessNZ Network and others, and comes not a moment too soon.... More>>

Social Development: Government Initiatives Contribute To Fall In Benefit Numbers

Minister for Social Development Carmel Sepuloni has welcomed the release of the June quarter Benefit Statistics which show a continuing fall in the number of people receiving a Main Benefit... More>>




InfoPages News Channels