imaufo
31-05-2007, 12:02
Geokel2 (Original Message) Sent: 31/05/2007 12:37 PM
www.harness.org.au
The New Zealand Racing Board and Tabcorp today announced an historic agreement to combine their totalisator pools, bringing benefits to punters and the Australian and New Zealand racing industries.
The agreement covers the co-mingling of the New Zealand and Australian SuperTAB totalisator pools, the expansion of New Zealand and Australian wagering schedules and an International Marketing Agreement with Sky Channel.
New Zealand Racing Board Chief Executive, Graeme Hansen, said: “The key goal of the organisations is to put in place initiatives to benefit customers and the racing industries on both sides of the Tasman. Today’s signing is the culmination of a great deal of work and commitment by Tabcorp and the New Zealand Racing Board to achieve this objective.”
Tabcorp’s Acting Chief Executive Officer, Elmer Funke Kupper, said co-mingling of the pools was an exciting initiative, which would strengthen the Australian and New Zealand racing industries.
“The agreement is focused on strengthening our vibrant local racing industries, as well as delivering benefits to customers and Tabcorp,” Mr Funke Kupper said.
“The alliance gives both our customers what they want - higher liquidity in the wagering pools and more stable dividends. It is the first step in Tabcorp’s goal to provide our customers with access to the best and largest international pools via co-mingling.
“By betting into a co-mingled New Zealand and Super TAB pool, New Zealand punters will be betting on Australian racing as if they are in Australia. Australian punters will be betting on New Zealand racing as if they are in New Zealand.”
Co-mingling will take part in two phases.
The first phase is the co-mingling of the New Zealand and Super TAB pools on Australian thoroughbred, harness and greyhound racing, which will commence with Win, Place, Each Way and Quinella bets during the week of 4 June, subject to final regulatory approval being received. This will allow New Zealand customers to bet on Australian racing into a larger betting pool.
The second phase is expected to take place later this year with co-mingling of New Zealand and SuperTAB bets on New Zealand thoroughbred, harness and greyhound racing. This will allow Australian punters to bet on New Zealand racing into a larger betting pool.
The agreement will also mean an increase in the number of races the New Zealand Racing Board exports to Australia, as well as an increase in the amount of Australian racing broadcast in New Zealand.
Tabcorp-owned Sky Channel will act as the New Zealand Racing Board’s international broadcast agent providing real opportunities to take New Zealand racing - and wagering on New Zealand racing - into Europe, North America and Asian markets.
“Sky Channel has been exporting Australian racing for more than a decade and we are delighted to now sell and market New Zealand races to other countries where Sky currently markets Australian racing,” Mr Funke Kupper said.
Internationalisation of New Zealand racing product will help ensure New Zealand’s place in the global racing community by providing greater opportunities to showcase New Zealand-bred horses around the world.
The New Zealand Racing Board has worked with the codes to supply a seamless racing calendar. Mr Hansen acknowledged the contribution the three codes have made towards achieving the final agreement.
“The co-operation between all three racing codes and the New Zealand Racing Board has enabled us to make co-mingling a reality,” Mr Hansen said.
www.harness.org.au
The New Zealand Racing Board and Tabcorp today announced an historic agreement to combine their totalisator pools, bringing benefits to punters and the Australian and New Zealand racing industries.
The agreement covers the co-mingling of the New Zealand and Australian SuperTAB totalisator pools, the expansion of New Zealand and Australian wagering schedules and an International Marketing Agreement with Sky Channel.
New Zealand Racing Board Chief Executive, Graeme Hansen, said: “The key goal of the organisations is to put in place initiatives to benefit customers and the racing industries on both sides of the Tasman. Today’s signing is the culmination of a great deal of work and commitment by Tabcorp and the New Zealand Racing Board to achieve this objective.”
Tabcorp’s Acting Chief Executive Officer, Elmer Funke Kupper, said co-mingling of the pools was an exciting initiative, which would strengthen the Australian and New Zealand racing industries.
“The agreement is focused on strengthening our vibrant local racing industries, as well as delivering benefits to customers and Tabcorp,” Mr Funke Kupper said.
“The alliance gives both our customers what they want - higher liquidity in the wagering pools and more stable dividends. It is the first step in Tabcorp’s goal to provide our customers with access to the best and largest international pools via co-mingling.
“By betting into a co-mingled New Zealand and Super TAB pool, New Zealand punters will be betting on Australian racing as if they are in Australia. Australian punters will be betting on New Zealand racing as if they are in New Zealand.”
Co-mingling will take part in two phases.
The first phase is the co-mingling of the New Zealand and Super TAB pools on Australian thoroughbred, harness and greyhound racing, which will commence with Win, Place, Each Way and Quinella bets during the week of 4 June, subject to final regulatory approval being received. This will allow New Zealand customers to bet on Australian racing into a larger betting pool.
The second phase is expected to take place later this year with co-mingling of New Zealand and SuperTAB bets on New Zealand thoroughbred, harness and greyhound racing. This will allow Australian punters to bet on New Zealand racing into a larger betting pool.
The agreement will also mean an increase in the number of races the New Zealand Racing Board exports to Australia, as well as an increase in the amount of Australian racing broadcast in New Zealand.
Tabcorp-owned Sky Channel will act as the New Zealand Racing Board’s international broadcast agent providing real opportunities to take New Zealand racing - and wagering on New Zealand racing - into Europe, North America and Asian markets.
“Sky Channel has been exporting Australian racing for more than a decade and we are delighted to now sell and market New Zealand races to other countries where Sky currently markets Australian racing,” Mr Funke Kupper said.
Internationalisation of New Zealand racing product will help ensure New Zealand’s place in the global racing community by providing greater opportunities to showcase New Zealand-bred horses around the world.
The New Zealand Racing Board has worked with the codes to supply a seamless racing calendar. Mr Hansen acknowledged the contribution the three codes have made towards achieving the final agreement.
“The co-operation between all three racing codes and the New Zealand Racing Board has enabled us to make co-mingling a reality,” Mr Hansen said.