Green’s Dictionary of Slang

BOOB n.

(N.Z. gay) a Big Owner Operated Business/Brothel, i.e. an official brothel (with more than four employees) which needs to be licensed.

[NZ]W. Ings ‘Trolling the Beat to Working the Soob’ in Int’l Jrnl Lexicog. 23:1 77: A boob [is] a Big Owner Operated Business. Today these technically constitute brothels and require licensing.