![]() ![]() “From the Melbourne Cup Carnival onwards, Australian race clubs and stakeholders will benefit through new revenue associated with the broadcast of our races into South Africa and the co-mingling of totalisator pools between South Africa, New Zealand and Tabcorp.” “Tabcorp is committed to taking Australian racing to the world and we are delighted to facilitate the delivery of global pooling for the Australian racing industry,” Mr Nason said. Tabcorp’s Managing Director of Wagering Robert Nason said the agreement cemented the relationship shared by Tabcorp, Phumelela and the New Zealand Racing Board. “The co-mingling of South African and New Zealand bets into SuperTAB on the Melbourne Cup Carnival further extends the international reach of our truly global event.” “The Victoria Racing Club’s vision is to take the Melbourne Cup Carnival to the world and we are delighted to see this major step in co-mingling betting pools on our premium racing,” Mr Monteith said. ![]() Victoria Racing Club Chief Executive Officer Dale Monteith said the announcement built on the pre-eminence of the Melbourne Cup Carnival. The agreement between Tabcorp and Phumelela will also mean the exchange of race vision between South Africa and Australia on a regular basis, which will enhance profits to Australian race clubs over time. While New Zealand has been pooling with SuperTAB since June this year on Win, Place and Quinella bets on selected races, South African punters will now also bet into the SuperTAB Win pool on selected races through the combined South African tote pool, which is managed by Phumelela Gaming and Leisure Ltd. Last year’s SuperTAB Win pool (pooling bets from Victoria, West Australia, ACT and Tasmania) on the Emirates Melbourne Cup alone was A$17.85 million. In 2006, A$169 million was bet with the TAB in NSW and Victoria on the day. Melbourne Cup Day is the biggest day of the year for the TAB. The picture should become clearer after Racing NSW's racefields legislation court cases are completed this year and the NSW Government rules in 2013 whether the NSW TAB, which has a licence until 2097, retains its retail exclusivity rights.The internationalisation of the Melbourne Cup Carnival has taken on another dimension with South Africa and New Zealand joining Tabcorp’s SuperTAB pool on Australian racing’s showcase week for the first time ever. In 2006, the ACCC blocked an attempt by Tabcorp to takeover UniTAB. ![]() In the event that happens, the Australian Competition and Consumer Commission may also be a factor if it plays the anti-competitive card. The most effective way of the totes co-pooling would be a Tabcorp takeover of Tattsbet, which has a policy of only betting into Queensland, South Australia and Northern Territory pools. The NSW Government fears it could lose its big punters who could bet into the super pool through Tasmania or Western Aaustralia, which offers rebate incentives.Īs a measure of how complex the issue is, Tabcorp has co-pooled into Singapore, New Zealand and South Africa, yet a national pool remains elusive. ![]() The NSW Government argues its TAB has the biggest pool, wants a guarantee of what it gets now and wants to charge Victoria, which has the most popular product, a pooling fee. The main roadblock in the past has been the NSW Government, which has been reluctant to agree to the NSW and Victorian TABs joining forces. Yet, a national pool is not so straightforward. Racing is forever fragmented by self-interest groups, but this is one issue, apart from some professional punters, that seems to have the support of all Victorian industry stakeholders, Racing Minister Denis Napthine and Tabcorp. ![]()
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