Harm minimisation
TAB NZ has proudly committed a $1 million fund for research into gambling harm minimisation. We stand by our commitment to deliver responsible gambling practices and ensuring the well-being of customers.
The current commitment of this fund for research will gain insights into the gambling landscape in New Zealand, particularly focusing on online gambling practices. A comprehensive understanding of the gambling environment, especially in the online domain, will help inform targeted interventions and policies to address potential harm and promote safer gambling behaviour. Promoting responsible gambling practices, based on research and data, is a key pillar of TAB NZ’s responsibility to foster a safe and sustainable gambling sector.
TAB NZ has allocated funding for the implementation and maintenance of facial recognition technologies across all its standalone venues. Facial recognition technology is recognised as a powerful tool for enhancing security measures and minimising potential harm within the venue. By investing in this technology, TAB NZ is leading a proactive approach to ensuring the safety and well-being of its customers and staff. Despite not being a mandatory industry standard, TAB NZ’s proactive stance in rolling out this technology sets a new benchmark in the gaming industry. This initiative underscores TAB NZ’s commitment to responsible gambling practices and leading the gambling industry in best practice.
Furthermore, Section 73(1)(b) of the Racing Industry Act 2020 (the Act) sets out that some betting profits must be retained by TAB NZ for the purpose of carrying out its duties in relation to harm prevention and minimisation and TAB NZ uses this money in areas that can have a direct impact in reducing and minimising gambling harm.
Anti-money
laundering
TAB NZ is a reporting entity under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act) and it complies with all associated rules and regulations in the AML space.