19 Apr 2011

Punters spending less at TAB

6:00 pm on 19 April 2011

A weak recovery to the New Zealand economy has had an impact on the TAB's six-month result.

The New Zealand Racing Board has released its turnover and profit figures to January this year.

Chairman Michael Stiassny says turnover was down $30 million to a total of $800 million.

Mr Stiassny says people are still watching their spending. However, the TAB recorded a profit of about $69.6 million during the period.