Racing Minister Nathan Guy happily boasts that the NZ TAB has a monopoly on betting in NZ, and then announces the establishment of a working group to investigate (stop) people betting with overseas book makers on-line. Competition has reared its ugly head.
What a waste of taxpayer money.
Here is the answer Mr Guy. (No, I am not going to suggest privatisation because that's not going to happen any time soon.) Just make the TAB a provider of services that overseas bettors want to use! Simple. For instance, allow the withdrawal of betting account funds on-line, which I understand is possible in Australia. Punters have suggested this to the TAB repeatedly but they continue to resist.
NZ is happy to compete in the international market when breeding and selling horseflesh, exporting our best jockeys, importing apprentices, exporting technologies, importing semen, etc.
Get smart about making the TAB internationally competitive. The potential from a vast global market is far greater than loss from the domestic.
Stop wasting taxpayer's money on futile investigations.
The benefit treadmill
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