New Zealand’s betting monopoly has finally unveiled its new fixed-odds betting platform, more than two years after it first announced its intentions.
On Monday, the New Zealand Racing Board (NZRB) heralded a “new era for Kiwi punters and the New Zealand TAB” betting service thanks to the “modern, innovative and competitive new TAB website and mobile app.”
The new platform is powered by the tandem of UK-listed gambling operator Paddy Power Betfair (PPB) and betting technology suppliers OpenBet (now owned by Scientific Games), who in December 2016 were tasked with dragging the TAB’s fixed-odds betting platform out of the stone age. The TAB’s previous Jetbet system was prone to crashing during periods of heavy activity, particularly on major race days.
NZRB CEO John Allen hailed his group’s tech partners as “world class operators” who have ensured that the NZ TAB “can now compete with the rest of the world.” Allen may have lavished praise on his tech partners but he also said the new platform would offer the NZRB “the flexibility to set our own odds on events where our local expertise outpaces” PPB’s trading team.