In a bid to revamp the struggling racing and sports industry, the New Zealand government has unveiled plans to potentially prohibit online betting outside of the TAB (Totalisator Agency Board). The proposed move seeks to unlock a "significant" new revenue stream while simultaneously addressing concerns surrounding unregulated online gambling. Racing Minister Kieran McAnulty emphasized that extending controls over the online gambling landscape would empower the government to establish stronger regulations. Additionally, the newfound revenue source would allow for increased investments in harm minimization initiatives, benefiting both punters and sports codes. Accompanying this announcement is the confirmation of a momentous 25-year partnership between TAB NZ and a prominent British betting company, Entain. This alliance is projected to inject a staggering minimum of $900 million into the racing industry during its initial years. By leveraging Entain's expansive reach an...