John Allen Hands in Resignation as New Zealand Racing Authority CEO
Recently updated on January 18th, 2026
John Allen has handed in his resignation as the CEO of Racing Industry Transition Authority (RITA). He had been in this position for four years since the change of replacing the New Zealand Racing Board. According to a statement he made, he mentioned that this was a personal decision, and it comes at the right time when key projects are in place.
During his time as CEO of RITA, he oversaw the launch of the Fixed Odds Betting (FOB) platform. The platform was meant to create more turnover for the authority. However, it has become more expensive and not what was budgeted for.
John Allen is meant to stay as CEO of RITA until December to assist in transitioning the new CEO that will be appointed to his position.
Backlash Over John Allen’s Tenure
John Allen has been criticised for failing to have significant returns to the racing industry. The returns were meant to be coming from gambling to increase the race stakes which affect the racing industry. Another concern was that the ratio of salaries paid out to TAB to the racing returns.
TAB is run by RITA and is the only legal racing gambling operator in New Zealand. However, what will be most affected will be the turnover which will be announced in November. The executive has said that it has decreased and that is due to the new FOB platform.
Earlier this year TAB partnered with Paddy Power Betfair and OpenBet which is meant to bring in NZ$30 million in betting profit for the operator by the financial year of June 2020. However, there has been a drop of 3.5% in the first half of the 2018/19 fiscal year.
According to Dean McKenzie, RITA chair, the innovations that John Allen has overseen have given TAB a solid foundation. The projects will grow the racing and sports industry in New Zealand.
Way Forward in the Racing Industry
What’s more, there is a looming significant investigation on TAB, which is the monopoly for the racing gambling industry in New Zealand. This is seen as the root of the problem. There are talks to expand and allow the allocation of more licensed operators.
The New Zealand government has announced that there will be measures taken to revitalise the horse racing industry. They will introduce the point of consumption tax that will be levied on the offshore bookmakers. This will be the first time that the international bookmakers will be charged this tax.
Keep visiting NewZealandCasinos.io for more racing news!
More Casino News:
Published by Taralynn
January 18, 2026
Categorie(s): Latest News, New Zealand, North Island, South Island
About the Author
Taralynn Engels is a seasoned casino news writer with a passion for keeping her readers up-to-date with the latest happenings in the gambling industry. With over five years of professional writing experience, Taralynn has developed a deep understanding of the casino industry and a knack for delivering engaging and informative content.
Aside from her in-depth knowledge of the casino industry, Taralynn possesses excellent writing skills that allow her to craft captivating narratives that keep readers hooked until the last word. Her ability to simplify complex concepts and present them in an accessible manner guarantees that her articles are enjoyed by both seasoned casino enthusiasts and newcomers alike.
More Posts from Taralynn.
Related Posts
Published by Taralynn
January 13, 2026
Categorie(s): Big Wins, Bonus Codes, Game Tournaments, High Payouts, Latest News, New Zealand, North Island, Promotions, South Island
Recently updated on January 13th, 2026We’re happy to announce that the Booongo October Fest Tournament is taking place this week. Oktoberfest celebrations are being kicked off at two of our favourite online casinos this month. Starting on 15 October, Wild Card City and King Johnnie connect you to the Booongo October Fest Tournament. During the […]
Published by Mark
February 27, 2026
Categorie(s): Latest News, New Zealand, North Island, South Island
Recently updated on February 27th, 2026DraftKings and Caesars Entertainment have finally reached a sports betting partner deal after a lengthy wait. The partnership will see DraftKings offer its online gambling products in the 14 different states where Caesars already operates. Read on. About the Partner Deal The agreement opens a new path towards future online […]
Published by Taralynn
January 10, 2026
Categorie(s): Big Wins, Latest News, New Zealand, North Island, South Island
Recently updated on January 10th, 2026Gaming giant Playtech has sold off all of its Plus500 shares, three years after trying to buy the trading platform provider. Their 10% stake is worth £176 million (NZ$311 million), which Playtech will use for ‘general corporate purposes and debt reduction’. The decision to sell off the shares appears to […]
Published by Mark
April 7, 2026
Categorie(s): Big Wins, Bonus Codes, High Payouts, Latest News, New Zealand, North Island, Promotions, South Island
Recently updated on April 7th, 2026House Bill 629 for lottery tickets has survived a vote in the House Commerce Committee. The approval of the bill paved its way for a full House floor appraisal. A matching piece of legislation was presented in the Senate, but that it is still yet to be reviewed by members […]
Published by Mark
March 15, 2026
Categorie(s): Big Wins, Bonus Codes, Latest News, New Zealand, North Island, Promotions, South Island
Recently updated on March 15th, 2026Have you always wanted to drive an Audi A3 at some point in your life? Then you are at the right destination. BGO casino has an ongoing promotion for Kiwis; all you have to do is to participate in their exciting ‘Dream Drive’ promotion this March. With this promotion, online […]
