|Sunday, July 05, 2009|
|Continuous comingling between Australia and South Africa|
Tabcorp and its racing broadcaster Sky Racing, will today formally enter into a long term partnership with Phumelela Gold Enterprises (PGE) - a joint venture between South African horse racing and the two South African tote betting operators, Phumelela and Gold Circle. The partnership provides for the reciprocal expansion of the broadcast of racing, and the co-mingling of totalisator pools between the two countries.
Key beneficiaries from this long-term arrangement will be the Australian and South African racing industries, Tabcorp and PGE, and the many punters who currently experience racing from both countries.
Subject to final regulatory approval, Tabcorp customers will soon commence wagering directly into South African totalisator pools via the SuperTAB pool (operated by the Victorian TAB), in a similar manner to the existing co-pooling arrangement with New Zealand.
The deal also means that South African punters will have regular access to betting on a range of Victorian TAB pools.
Victorian TAB customers betting into South African pools will be betting under South African betting rules, which includes some concepts new to the Australian wagering market such as the declaration of a 4th place dividend for all South African races with 16 or more starters.
As well as South Africa, Tabcorp now has a regular program of international racing from Singapore, Hong Kong, New Zealand, United Kingdom and France, as well as major events from Japan and Ireland.