New Zealand and Australian Racing Connected via Trans-Tasman Deal
Horse racing in Australia and New Zealand have been significantly linked after the signing of a trans-Tasman partnership deal signed between Australia’s Tabcorp and the New Zealand Racing Board (NZRB).
The deals reaffirm the close alliance between the two organisations and between the racing industries in the two countries. They relate to race broadcasting, wagering, commingling of racing and international marketing.
The deals establish the terms that the two organisations set out in short form term sheets that they agreed upon in October 2016 and they are valid for three years until the end of October 2019.
“These new agreements mark the beginning of a new phase in the ongoing partnership between our organisations and NZRB looks forward to continuing to work with Tabcorp to promote and advance our world-class Australasian racing,” commented John Allen, chief executive of NZRB.
“New Zealand and Australia have some of the best racing in the world, and these agreements are a key way of ensuring people in both countries have access to see and bet on our quality racing product.”
Under the terms of the agreement, New Zealand race events will be broadcast via Tabcorp’s Sky Racing TV network throughout Australia and through Tabcorp’s international network, to a worldwide audience. This provides New Zealand punters with access to larger pools and therefore potentially bigger dividends.
“Tabcorp and the NZRB have been working closely together for some years and these new agreements provide the stepping stone for both organisations to find new synergies that will benefit both,” stated Craig Nugent, chief operating officer of wagering and media for Tabcorp.
“Our International team is doing a great job showcasing Australian racing to the world and we are proud to be able to bring New Zealand racing to a bigger global audience through our global communications network.”
April 16, 2017