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  "description": "10 News Stories They Chose Not to Tell You",
  "path": "/your-daily-ten-10-2026-058/",
  "publishedAt": "2026-04-01T21:00:30.000Z",
  "site": "https://goodoil.news",
  "tags": [
    "Read More",
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  "textContent": "**This is edition 2026/058 of the _Ten@10_ newsletter.**\n\nHi all,\n\nThis is the Ten@10, where I collate and summarise ten news items you generally won't see in the mainstream media.\n\nEnjoy!\n\n* * *\n\n## 1. Who really controls NZ’s gambling industry?\n\nBryce Edwards\n\n  * 🐕 A bill to ban greyhound racing is nearing final approval in Parliament, likely to pass with broad support after resolving remaining details.\n  * 🎰 The debate has exposed deeper concerns about New Zealand’s gambling and racing sector, particularly around power, money, and political influence.\n  * 💰 In 2023, global gambling giant Entain secured a 25-year monopoly over TAB NZ betting operations in exchange for a promised $1 billion investment.\n  * 🏛️ The deal, approved under Minister Kieran McAnulty, also included an extra $100 million incentive tied to banning offshore competitors—legislation passed in 2025.\n  * 🌐 Entain is now seeking online casino licences, which could give it dominance across sports betting, racing, and casinos in New Zealand.\n  * ⚠️ This raises concerns about a single foreign corporation gaining overwhelming control of the country’s gambling market.\n  * 📉 A racing industry report reveals “reinforcing loops of decay,” with a structural deficit exceeding $50 million annually and reserves at risk of depletion.\n  * 🔄 Despite significant funding and monopoly protections, the industry is seeking further support, including tax breaks and government subsidies.\n  * 📊 Financial losses at TAB NZ continue, with tens of millions lost in both 2024 and 2025.\n  * 🎯 Critics question who truly benefits, as the industry appears reliant on ongoing public and regulatory support.\n  * 📚 Academic analysis shows racing enjoys unique legal privileges, including keeping its own gambling proceeds unlike other sectors.\n  * 📉 In 2024, 98% of betting profits went to racing, while only 2% reached community sports groups.\n  * 🧾 Tax advantages, including the removal of betting duties, have further benefited the industry at the cost of government revenue.\n  * 🚨 Concerns are heightened by Entain’s regulatory issues, including alleged anti-money laundering breaches involving large sums linked to suspicious individuals.\n  * ⚖️ Past fines and ongoing investigations into Entain raise serious integrity questions as it seeks further expansion in New Zealand.\n  * 🔒 The full details of the Entain-TAB deal remain secret, despite repeated Official Information Act requests, limiting public scrutiny.\n  * 🐎 Long-standing political ties between the racing industry and Winston Peters are highlighted, raising questions about conflicts of interest and influence.\n\n\n\nRead More\n\n### This post is for subscribers only\n\nBecome a member to get access to all content\n\nSubscribe now",
  "title": "Your Daily Ten@10 - 2026/058",
  "updatedAt": "2026-04-01T21:00:30.371Z"
}