Australian operator Tabcorp has signed an agreement with New Zealand betting and broadcast operator TAB NZ, under which the two will exchange broadcasting and wagering rights for Australian and New Zealand horse racing.
The multi-year deal is an extension on a partnership between Tabcorp and TAB NZ originally signed in 2007. The agreement ensures New Zealand racing will continue to be broadcast in Australia through the Sky Racing network, owned by Tabcorp. Australian racing will also be broadcast into New Zealand through TAB NZ’s Trackside broadcasting service.
According to a statement on the Tabcorp website, the agreement helps support “tote pool liquidity for trans-Tasman punters” by providing the co-mingling of tote pools in the two countries.
“We are strong supporters of New Zealand racing, and we’re pleased to continue to work closely with TAB NZ,” said Tabcorp Managing Director Adam Rytenskild. “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.”
TAB NZ Executive Chairman Dean McKenzie added that the revenue generated through the agreement will have a “direct benefit for thousands of Kiwis who rely on racing for their livelihood.”
