‘Brazen’ plan to rescue NZ’s racing industry with high-risk gambling (opens original article in a new tab)

A report recommends allowing high-risk gambling products to save New Zealand's struggling $1.7 billion horse racing industry, facing challenges like high costs and declining horse numbers, while the Problem Gambling Foundation criticizes the proposal as extreme.

• New report highlights urgent need for reform in New Zealand's $1.7 billion horse racing industry
• Advisory committee recommends allowing high-risk gambling products to save the industry
• Problem Gambling Foundation criticizes the recommendation as 'brazen' and 'unbelievable'
• Industry faces challenges including high admin costs, lack of peak body, inaccessible capital, and falling horse numbers