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New Zealand proposes extending TAB’s betting monopoly to online markets

Regulation

New Zealand is considering legislation to make TAB New Zealand the sole provider of sports and race betting online as well as in physical channels. Minister Winston Peters introduced amendments to the Racing Industry Act 2020, which have been referred to a parliamentary committee for review and public consultation. The government estimates the change could retain NZ$180m a year that would otherwise go to offshore operators.

The proposal could change market access for online sports and racing betting operators in New Zealand.

End-of-day close Entain (ENT), GBp, to 23 January 2025
Story date25 October 202423 January 2025

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Italian online casinos record €320m spending in October

Italian online casinos recorded spending of €320 million in October, up 9% year over year, according to the reported market figures. Lottomatica led with a 31.4% market share, followed by Flutter at 27.3%; the monthly total collected exceeded €7.4 billion.

Spending on online casinos in Italy reportedly reached €320m in October, up 9% on the same month a year earlier. The figure is defined as the difference between bets placed and winnings paid. Total monthly stakes reportedly exceeded €7.4bn.

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