Tag: New Zealand Racing Board
New Zealand Racing Board achieves growth in ‘challenging’ first half
April 7, 2014
iGaming Business – The New Zealand Racing Board (NZRB) experienced growth in betting and gaming turnover during the six months to January 31, 2014, despite having described the first half of the year as “challenging” The national bookmaker recorded turnover of NZ$1.1 billion (€654.2 million/$896.8 million) for the first-half of the year, an increase of 2% on the NZ$1 billion achieved in corresponding period last year. Total income also increased from NZ$157.8 million in the previous year to NZ$159.9 million in the latest period. However, the board did suffer a slight drop in net profit before distributions, which fell from…