Asia bulletin: Tab NZ reports August turnover 6% below budget

Tab New Zealand (NZ) has attributed “continuing soft economic conditions” to a 6% shortfall in turnover for August. As in previous months, customers’ discretionary spend was impacted by the rising cost of living, which alongside health restrictions, caused Tab NZ to miss its turnover and revenue targets. In total, Tab generated NZ$198m (US$113m) for August, NZ$12.3m below budget. Meanwhile, gross betting revenue (GBR) fell sho...