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

 

Fuels Rushing In: Govt "Ready To Act" On Petrol Market Report

The Government will now take the Commerce Commission’s recommendations to Cabinet...
• A more transparent wholesale pricing regime • Greater contractual freedoms and fairer terms • Introducing an enforceable industry code of conduct • Improve transparency of premium grade fuel pricing... More>>

ALSO:

Reserve Bank Capital Review Decision: Increased Bank Capital Requirements

Governor Adrian Orr said the decisions to increase capital requirements are about making the banking system safer for all New Zealanders, and will ensure bank owners have a meaningful stake in their businesses. More>>

ALSO:

Aerospace: Christchurch Plan To Be NZ's Testbed

Christchurch aims to be at the centre of New Zealand’s burgeoning aerospace sector by 2025, according to the city’s aerospace strategic plan. More>>

ALSO:

EPA: Spill Sees Abatement Notice Served For Tamarind Taranaki

The notice was issued after a “sheen” on the sea surface was reported to regulators on Thursday 21 November, approximately 400 metres from the FPSO Umuroa. A survey commissioned by Tamarind has subsequently detected damage to the flowline connecting the Umuroa to the Tui 2H well. More>>

Taskforce Report: Changes Recommended For Winter Grazing

A Taskforce has made 11 recommendations to improve animal welfare in intensive winter grazing farm systems, the Minister of Agriculture Damien O’Connor confirmed today. More>>

ALSO: