The New Zealand Racing Board has signed an agreement with Australia’s Tabcorp for what it terms the “co-mingling” of totalisator betting pools. It has also signed an international marketing agreement with Sky Channel Australia.
Software from US betting software company AmTote International will enable the launch of common galloping, harness and greyhound pools between Australia and New Zealand.
AmTote, which started life in 1933 as the American Totalisator Company, provides betting software and services to 800 customers worldwide.
Racing board spokesman Michael Dore says the software has been integrated with the TAB’s Jetbet system. He says AmTote provided the software free, but when asked for clarification on this did not get back to Computerworld.
New Zealand racing is expected to benefit significantly from the deal — to the extent that the board has guaranteed an additional $12 million funding to the industry in the first year of
The agreement means Australians will be able to bet on more New Zealand races and Kiwis will be able to bet on more Australian races.
Tabcorp also plans to extend “co-mingling” to South Africa, the UK, Asia and the US. In effect, this means punters will, theoretically, be able to bet 24 hours a day around the world. Betting on New Zealand races will also be offered in these markets, too.
The first full day of co-mingled races is scheduled for Monday, June 11.