TAB NZ Needs New CEO

Elouise Spencer - 10 January 2020

New Zealand is known for its expansive range of casino options, but just as popular are its online betting offerings. The nation’s Racing Industry Transition Agency (RITA) has announced that a process is now underway to find the first chief executive officer for TAB NZ following the completion of local racing reform plans.

Executive recruitment specialists at Caldwell partners have been selected to conduct the search for TAB’s next CEO. The company has been instructed to find a candidate that has proven experience in Australasia across the casino gaming, sports betting and lottery sectors.

Entering a New Era

According to RITA, recruitment is now underway for a CEO that will lead TAB NZ into a brand new era. The selected chief executive would use the online betting company’s sturdy existing platform to propel the business into a completely commercial space, thereby redefining the TAB NZ brand and forming a highly sustainable and successful future for it.

Additionally, the right candidate will also work alongside the board and executive leadership team at TAB NZ. They will be adhering closely to racing industry codes of conduct and working closely with various governing bodies to successfully head up the betting company.

RITA also added that the role will also initially involve oversight of the completion of ‘transitioning activities’ from the RITA brand to TAB NZ. The new executive will be replacing John Allen in the role. The latter announced that he planned to resign at the end of 2019 during September last year. Chairman of RITA Dean McKenzie has stepped in to temporarily fill the role of CEO until a new officer has been appointed.

Transforming a Brand

RITA is set to transform into the TAB NZ online betting brand in June this year, when a legislative bill passed in December last year will officially be implemented. This will establish the operator as the only company in the betting and casino gaming sector that can legally offer bets on racing and sports to Kiwis. The transformation will also give the brand the power to launch new wagering products and form a Racing Integrity Board as the nation’s anti-corruption expert.

The move follows the Racing Reform Act, which was implemented in July of 2019. The sports betting act repealed New Zealand’s betting levies and has allowed for point of consumption taxes and other fees for the use of wagering data to be imposed on foreign operators.