![]() “A national tote pool could provide benefits to customers in the form of greater liquidity and potentially enhanced product offerings, although we do note that there are a number of legal and operational challenges that would need to be resolved before it became a reality, not to mention the necessary approvals from multiple stakeholders. The Victorian Racing Industry (three codes) currently has a commercial interest in SuperTab and other co-mingling arrangements. This would need to take into account the commercial outcomes for Victorian racing, as well as the implications for customers. “We would be supportive of a national tote pool if it is clearly in the best interests of Victorian racing. “Anything which has the potential to strengthen the competitiveness of the tote is generally in the interests of the industry, particularly given that pari-mutuel wagering currently provides a significant proportion of the value that we receive from our relationship with Tabcorp which of course helps to ensure the long-term funding and sustainability of the industry,” an RV spokesman said. Racing Victoria said the prospect of a single-national tote pool would require significant co-operation from all three codes plus numerous layers of Government. Parimutuel turnover provides the greatest return to the racing industry but its appeal to punters has been on the slide in recent years.įigures produced by Racing Victoria show that tote turnover dropped 6 per cent last racing season, while fixed-odds turnover grew 9.7 per cent during the same period. Tabcorp have long managed the tote pools in Victoria and New South Wales, and recently completed the takeover of Tatts, bringing together Queensland, South Australia, Tasmania and the Northern Territory. is performed using the Moldflow program by Moldflow Ltd of Australia. “We are committed to working through the process with all parties.” An automatic finite element mesh generator within Supertab creates a custom mesh. “Combined pooling requires agreement from a range of stakeholders. “This would strengthen the competitiveness of the tote to address the national decline in pari-mutuel betting, which in turn would enhance the long-term sustainability of racing industry funding. “A national pool would provide deeper, more liquid betting products for customers,” the statement said. The Sydney Morning Herald reported on Monday that Tabcorp are planning to merge the current three pool tote system in to one by as soon as the end of 2020.Īnd while reluctant to comment on the timeline in which this may occur, a Tabcorp spokesman confirmed their desire for punters across the country to be betting into a single totalisator pool. Tabcorp have confirmed their desire to create a single-national tote pool, following reports this may occur as soon as next year. "It will bring bigger pools for punters in New Zealand and that means an end to the wild fluctuations in dividends, particularly for smaller and night race meeting," the board said.Punters could bet into a national tote pool (Image: Racing Photos) The racing board said the pooling of bets would create an "Australasian price". ![]() The co-mingling of pools will see New Zealand's TAB combined with Tabcorp Australia's Victoria pool and the Western Australian, Australian Capital Territories and Tasmanian totalisator pools for selected thoroughbred, harness and greyhound races. The board is estimating that revenue to increase to $17-$22 million over the next two seasons. The agreement takes effect from June 11, with $12 million guaranteed in the first year of operation. The agreement will see New Zealand's TAB betting win, place and quinella pools merge with Australia's SuperTAB pools, which the Racing Board says will result in a "massive benefit" to New Zealand TAB customers and the racing industry here. The New Zealand Racing Board says the racing industry will be guaranteed $12 million over the next year from a co-mingling agreement it signed yesterday with Australian betting agency, Tabcorp.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |