News About: TABCORP

Racing Victoria announces massive prizemoney increases

Racing Victoria announces massive prizemoney increases

27 Feb, 2012

The newly agreed joint venture between Racing Victoria and Tabcorp has spearheaded a massive prizemoney increase for the thoroughbred industry across the state.

With the injection of $18.7 million, Victoria’s prizemoney pool will jump to more $160 million for the 2012-2013 racing season.

The new wagering joint venture will take effect from the start of …

Racing codes and TABcorp go another 12 years

Racing codes and TABcorp go another 12 years

21 Dec, 2011

The three racing codes under the banner Victorian Racing Industry (VRI) have signed a 12 year  Wagering and Betting Licence term with Tabcorp.

The signed agreements renew the  joint venture partnership between Tabcorp, Racing Victoria, Harness Racing Victoria and Greyhound Racing Victoria which has been in place since 1994.

The new agreements, which commence in …

National TOTE Could Be Running In Two Years

National TOTE Could Be Running In Two Years

9 Aug, 2011

For years the idea of a single national betting pool has been nothing more than a dream but if predictions are right it could become a reality within 24 months.

Tatts Group head of wagering Barrie Fletton says the two year timeframe is a distinct possibility with all three totes also merging into a single …

Tabcorp Deal Puts National TOTE On The Agenda

Tabcorp Deal Puts National TOTE On The Agenda

21 Jul, 2011

It may only be a matter of time before steps are taken to create a national TOTE across Australia.

As it stands Super TAB controls Victoria, Western Australia and Tasmania, Uni Tab controls Queensland, South Australia and the Northern Territory and NSW Tab runs independently.

This obviously creates drastic differences in pools held on each …

Tabcorp Secures New Victorian Betting Licence

Tabcorp Secures New Victorian Betting Licence

20 Jul, 2011

Tabcorp has been successful in winning a bid to secure the new 12-year wagering and betting licence in Victoria from August next year.

The news brings about a feeling of great relief from the Victorian racing industry, which relies heavily on the revenue they receive under the current licencing agreement.

Had Tabcorp not won the …

Aussie / Kiwi Partnership Secure Until 2015

Aussie / Kiwi Partnership Secure Until 2015

15 Apr, 2011

The bond of trans-Tasman relations is strong throughout a lot of sectors and the racing industry is no exception.

The strength of this bond has now been secured until 2015 with The New Zealand Racing Board and Tabcorp extending their partnership which allows for co-mingling of betting pools for punters in both countries.

This co-mingling …

Floods Cause TABCORP Revenue Reduction In Brisbane

Floods Cause TABCORP Revenue Reduction In Brisbane

14 Apr, 2011

TABCORP has reported a 7.6% reduction in revenue at its Treasury Brisbane Casino for its third quarter due to the January Queensland floods.

The raging flood waters blocked punters from accessing the Brisbane casino, leading to a drop in return for horse racing betting.

TABCORP’s chief executive officer, Elmer Funke Kupper, had long expected a …