Title
Content
Aussie tax ‘own goal’ could be a score for New Zealand
Lachlan Colquhoun
Wed, 27 May 2026
Hot Topic
EARNINGS
Wed 27 May 2026 01:00:06am
MARKET MOVEMENTS
Powered by:
VIEW MORE
Gainers
/
No results, Market opens at 10.00 NZST
Data will show from 10.20 NZST
Data will show from 10.20 NZST
Decliners
/
No results, Market opens at 10.00 NZST
Data will show from 10.20 NZST
Data will show from 10.20 NZST
Gainers
/
No results, Market opens at 12.00 NZST
Data will show from 12.20 NZST
Data will show from 12.20 NZST
Decliners
/
No results, Market opens at 12.00 NZST
Data will show from 12.20 NZST
Data will show from 12.20 NZST
Wed 27 May 2026 01:00:06am
MARKET MOVEMENTS
Top Story
Aussie tax ‘own goal’ could be a score for New Zealand
Lachlan Colquhoun
Wed, 27 May 2026
Free News Alerts
Sign up to get the latest stories and insights delivered to your inbox – free, every day.
Latest News
Quick Takes
Entain NZ revenue grows but red ink remains
Sports betting operator Entain New Zealand has reported a loss of $72.7 million for the year to December in its first financial statements filed as a local company. Entain bought a 25-year licence to run TAB NZ’s sports betting monopoly in 2023 for $150m up front and a 50% share of gambling revenue. Net betting revenue for the year was $342.4m, up from $308.1m in 2024. According to the cashflow statement, the payment for revenue share was $173.2m during the year, up from $156.6m the previous year. A further $100m was paid to TAB NZ in a contractual commitment related to the enactment of the Racing Industry Amendment Bill extending Entain’s monopoly to online sports betting. The financial statements said Entain NZ had negative equity of $251m and net current liabilities of $257m, but could operate as a going concern with the support of its parent, Entain PLC. The 2025 loss followed a loss of $468.6m in 2024, which included an impairment of $336.1m relating to the TAB acquisition.
Savor bumps up to profit
Listed hospitality group Savor has traded red ink for black. The Auckland group behind venues such as Amano, Azabu, and Bivacco reported a profit of $1.3 million for the year ended March 31, up from a loss of $1.2m the previous year.
Revenue reduced to $55.2m for the year, down from $56.6m, and operating earnings rose to $8m from $7.3m with a margin of 14.5%.
Savor CEO Lucien Law described FY26 as one of "tremendous progress" for the group in what had been a tough year for the sector. About 65% of the company's earnings are typically generated through the summer months.
The company reported it was not yet in a position to reconfirm its FY27 guidance issued but would provide a further update at the AGM in September. In March Savor forecasted operating earnings of between $9m and $10m for the 2027 fiscal year.
Budget funding for new Rotorua courtrooms
This week’s Budget is allocating $100 million to build two new court houses in Rotorua. One will be for the Rotorua Law Courts, which house the High Court, District Court, Coroners Court and relevant tribunals, and the other for Rotorua Māori Land Court.
Courts Minister Nicole McKee said for too long Rotorua had been left with courts which were no longer fit for purpose.
“Longstanding issues, including leaks, mould and poor ventilation, have created unacceptable conditions for court users and staff,” McKee said.
She said the current courts also created unnecessary security risks, with victims, jurors, witnesses and defendants all using the same entrances.
“The new buildings will significantly increase courtroom capacity, including two new jury-enabled courtrooms, one additional non-jury custodial courtroom and an additional non-custodial multi-jurisdictional courtroom,” McKee said.
close
Quick Takes
Wed 27 May 2026 12:58:17am
MARKET MOVEMENTS
Latest News
Most Popular
Most Commented
Editor's picks
Featured
Short videos
NBR Focus
Unlocking Aotearoa: TPT Group founder Mike Marr
0:00
Your Business
Extraordinary payments and their $2m capital raise
0:00
Politically Speaking
Climate law change to block emissions liability claims
0:00
Politically Speaking
Budget will not be an election year give-away
0:00
NBR Focus
Unlocking Aotearoa: Malcolm Jackson
0:00
The NBR Podcast
PM Christopher Luxon joins the NBR Podcast
0:00
Politically Speaking
“Lead your own reform or we will do it for you”
0:00
Politically Speaking
The relief of Singapore
0:00
General Business
Deepfake ad using doctor’s identity a ‘public safety risk’
0:00
NBR Focus
Unlocking Aotearoa: Dame Joan Withers
0:00
Politically Speaking
The Winston Peters effect
0:00
Politically Speaking
The journalist making the news
0:00
Te Ao Māori
Art Fair expands as Māori voices lead
0:00
Investment
Michael Hill CEO: ‘I’m not a patient person’
0:00
NBR Focus
The Accountants: Full Investigation
0:00
NBR Focus
The Accountants: Some KPMG staff already using AI agents
0:00
NBR Focus
The Accountants: Turning EY into a one-stop-shop
0:00
NBR Focus
The Accountants: PwC and the end of human-only workforces
0:00
NBR Focus
The Accountants: Deloitte sees AI freeing up 25% of capacity
0:00
Politically Speaking
Conflict: RBNZ discusses impact on inflation
0:00
Analysis
Categories
