Tabcorp : and NZRB reach new trans-Tasman broadcast, wagering and pooling deal

New broadcasting and wagering rights for Australian and New Zealand racing have been confirmed under agreements reached between Tabcorp and the New Zealand Racing Board (NZRB).

The enhanced package of agreements guarantees the ongoing broadcast of New Zealand racing into Australia through the Tabcorp-owned Sky Racing network and Australian racing into New Zealand via NZRB's Trackside.

It also provides certainty for the co-mingling of tote pools in both countries to increase liquidity and the attractiveness of wagering options for trans-Tasman punters, who wager a combined total of almost $1.2bn a year.

Tabcorp will also continue to market NZ racing internationally through Sky Racing, which also exports Australian racing across all three codes.

The agreements help cement a partnership between Tabcorp and the NZRB that began in 2007. The deal between the two parties highlights the close relationship between racing organisations and the wider industries in both countries.

Tabcorp chief operating officer of wagering and media Craig Nugent said:

'Tabcorp and the NZRB have been working closely together for some years and these new agreements provide the stepping stone for both organisations to find new synergies that will benefit both.

'The continuation of co-mingling arrangements in the agreements mean TAB punters in both countries will continue to get stable and attractive dividends as a result of the larger pools.

'Our International Team is doing a great job showcasing Australian racing to the world and we are proud to be able to bring New Zealand racing to a bigger global audience through our global communications network.'

NZRB CEO John Allen said: 'New Zealand and Australia have some of the best racing in the world, and these agreements are a key way of ensuring people in both countries have access to see and bet on our quality racing product.

'These new agreements mark the beginning of a new phase in the ongoing partnership between our organisations and NZRB looks forward to continuing to work with Tabcorp to promote and advance our worldclass Australasian racing.

'Through the international marketing agreement, we are also able to showcase New Zealand racing with an even bigger, world-wide audience, utilising Tabcorp's extensive international network.'

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