Mardigrass, How many times do you expect the same money to be taxed? If NZTR receives money from the TAB distribution it has already been taxed.
On the TAB I'm looking at the Queensland partnering agreement. Its totally different but worth digesting. The gambling environment in Australia is also totally different to NZ. Ladbrokes don't have a monopoly.
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Ladbrokes have committed to a seven-year deal to become the BRC’s primary wagering partner at both Eagle Farm and Doomben, where their revered ‘Ladbrokes’ Lounges’ will be in prime positions at both tracks.
Ladbrokes will also become naming rights sponsors for three Group 1 races from next year.
“We are thrilled Ladbrokes will become a major partner of the Brisbane Racing Club,” Ladbrokes CEO Dean Shannon said.
“The Eagle Farm and Doomben circuits are iconic venues, and we look forward to partnering with the BRC for at least the next seven years.
“To have our name on time-honoured features such as the Group 1 Ladbrokes Queensland Derby, Ladbrokes Doomben 10,000 and Ladbrokes J.J. Atkins is a genuine thrill for a company that lives and breathes racing on a daily basis.