"Sky Channel has been exporting Australian racing for more than a decade and we are delighted to now sell and market New Zealand races to other countries where Sky currently markets Australian racing," Mr Funke Kupper said.
Tabcorp-owned Sky Channel will act as the New Zealand Racing Board's international broadcast agent providing real opportunities to take New Zealand racing - and wagering on New Zealand racing - into Europe, North America and Asian markets. The agreement will also mean an increase in the number of races the New Zealand Racing Board exports to Australia as well as an increase in the amount of Australian racing broadcast on Trackside in New Zealand.
The projected earnings will flow through to the industry in the form of increased race stakes, which in turn means higher fees for successful trainers, jockeys and drivers. Greater earnings are expected to accrue in the following seasons. The Board has guaranteed an additional $12 million funding in the first season. Customers placing win, place, each way and quinella bets within 30 minutes of the race jump will have 120 seconds to cancel their bet.Ĭo-mingling is expected to generate significant benefit to the racing industry in New Zealand. Under the agreement the New Zealand Racing Board will combine or 'co-mingle' the win, place and quinella pools on all Australian thoroughbred, harness and greyhound races broadcast into New Zealand, commencing early June.Īs part of this initiative the New Zealand Cancellation rule will change. "The agreement is focused on strengthening our vibrant local racing industries, as well as delivering benefits to customers and Tabcorp," Mr Funke Kupper said. Tabcorp's Acting Chief Executive Officer, Elmer Funke Kupper, said "Co-mingling of the pools was an exciting initiative, which would strengthen the Australian and New Zealand racing industries" New Zealand Racing Board Chief Executive, Graeme Hansen, said "the key goal of the organisations is to put in place initiatives to benefit customers and the racing industries on both sides of the Tasman". The agreement covers the co-mingling of the Australian SuperTAB and New Zealand totalisator pools, the expansion of the New Zealand and Australian wagering schedules and an International Marketing Agreement between the New Zealand Racing Board and Sky Channel Australia. New Zealand TAB customers and industry stakeholders will benefit from an historic agreement signed between the New Zealand Racing Board and Australia's Tabcorp on Thursday. Left to right: Edward Rennell (Harness Racing CEO), Graeme Hansen (NZRB CEO), Paul Bittar (Thoroughbred Racing CEO),Elmer Funke Kupper (Tabcorp Acting CEO), Ross Gove (Greyhound Racing Manager).
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