Entain writes off $322m from value of TAB NZ
Gambling operator says delay in introducing an online sports betting monopoly has affected its growth outlook.
UK-listed Entain has reported its results for the year to December.
Gambling company Entain, the UK-listed monopoly operator of TAB NZ, has written £142.5 million ($322m) off the value of its New Zealand operations, citing a delay in legislation geo-blocking other overseas operators.
The impairment charge was disclosed in Entain’s financial results for the year
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