MinterEllisonRuddWatts is delighted to have advised Entain on its selection as the preferred partner to TAB NZ for a 25-year strategic arrangement.
Entain is one of the world's largest sports betting and gaming groups operating in the online and retail sector and was selected as the preferred partner based on a wide range of criteria, including operational expertise, cultural alignment with TAB NZ and the commitment of Entain to uplifting TAB NZ’s harm minimisation and responsible gambling efforts.
Partnering with TAB NZ, Entain will be the only domestic provider of sports and racing betting and wagering in New Zealand.
Corporate Partner John Conlan believes the partnership will benefit both parties immensely.
“The partnership is not only a significant milestone for TAB NZ, but also a unique opportunity for Entain to shape the future wagering experience for New Zealand customers,” says John Conlan.
Corporate Partner Isaac Stewart, who co-led the transaction, believes the transaction will enhance the customer experience in New Zealand.
“It was great to work alongside Entain on such a transformative transaction for New Zealand’s betting industry. With a renewed focus on innovation and technology, we expect this transaction will deliver a world-class experience to New Zealand’s punters,” says Isaac Stewart.
John Conlan and Isaac Stewart co-led the deal team which included Senior Associate James Marriner, Senior Solicitor Ethan McAuliffe, and Solicitors Brayden Print, Meg Donnelly and Russell Busby. The team advised on all aspects of the transaction including undertaking due diligence and negotiating the transaction documents.
The strategic arrangement is subject to approval from the Minister for Racing, Kieran McAnulty.
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