Tabcorp and TAB NZ announces renewal of commingling and race broadcasting deal.
The renewal continues the status quo established back in 2007 and there is no mention of any future system sharing, cost saving arrangements or the length of the period of the agreement. Not sure if this should have been renewed by an interim board, just prior to the appointment of the new TAB NZ Board that may have stronger views on integration with an offshore betting provider.
27 November 2020
Tabcorp and TAB NZ extend vision and wagering agreement
Extended broadcasting and wagering rights for Australian and New Zealand racing have been confirmed under agreements reached between Tabcorp and TAB NZ. 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 TAB NZ’s Trackside broadcasting service. The multi-year deal provides certainty for the co-mingling of tote pools in both countries that helps support tote pool liquidity for trans-Tasman punters, who wager a combined total of circa $1.3 billion a year.
Tabcorp will also continue to market NZ racing internationally through Sky Racing, which exports Australian racing to over 65 countries across all three codes. The agreements further cements a partnership between Tabcorp and New Zealand’s licenced betting and broadcast operator that began in 2007. Tabcorp Managing Director Wagering & Media Adam Rytenskild said: “We are strong supporters of New Zealand racing and we’re pleased to continue to work closely with TAB NZ. Through this agreement, we will continue to showcase New Zealand racing in Australia and around the world via Sky Racing and to facilitate the broadcast of Australian racing in New Zealand. “And co-mingling helps provide deeper pools for TAB tote punters in both countries.
” TAB NZ Executive Chair Dean McKenzie said: “The agreement reached with Tabcorp will ensure New Zealanders have access to quality Australian racing and, importantly, that New Zealand racing will continue to be showcased to punters in Australia and around the world. “The revenue generated through our agreement with Tabcorp has a direct benefit for thousands of Kiwis who rely on racing for their livelihood. The new contract provides a range of advantages for New Zealand’s racing codes and we’re confident that it will help further enhance New Zealand’s racing reputation in New Zealand and in racing markets overseas. “TAB NZ is pleased to continue working closely with Tabcorp. We’ve had a close working relationship for many years which works well on both sides of the Tasman.”
For more information: Rick Wallace Rachel Morton Tabcorp Media Relations Manager Senior Communications Manager, TAB New Zealand +61 3 9868 2630 +64 27 427 9355 firstname.lastname@example.org email@example.com