TAB confirms talks with Australia's TabcorpTRISH DUNELL/FAIRFAX NZ The NZ betting agency's 'not for sale' but it may go courting a partner. New Zealand's TAB is in talks with Australia's Tabcorp as it battles rising costs and overseas competitors. New Zealand Racing Board spokeswoman Kate Gourdie said the state-owned betting agency was in discussions with three organisations, including Tabcorp, about "automating" its fixed-odds betting business. The New Zealand Racing Board, which runs the TAB as well as two racing television channels, had turnover of $2.4b in 2014-15 and net profit of $144 million. The Racing Board runs the TAB which has a monopoly over sports betting.

Source: Stuff June 20, 2016 22:02 UTC