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Racing NSW was concerned that the plan might interfere with the state’s racing sector. With everyone’s attention on post-COVID-19 recovery, any possibility of negative financial impact is a potential problem.<\/p>\n<\/div>\n
However, Racing NSW’s CEO Peter V\u2019Landys told the media outlet that he and Tabcorp came to an agreement late last week. While he wasn’t willing to supply any details, he stated that the deal “no longer exposes” the entity to potential financial losses.<\/p>\n
Tabcorp Says Bienvenue to France<\/h2>\n
Tabcorp has announced its first big deal subsequent to the vote. TAB bettors will benefit from more stable dividends on French racing. This comes through a new commingling arrangement between Tabcorp and France\u2019s main betting operator, PMU, a French gambling operator specializing in horserace betting.<\/p>\n
This new deal allows Australian bettors to combine their bets into a European-hosted pool for the first time. This will result in stable and deeper pools for gallop and harness racing in France.<\/strong><\/p>\nCurrently, Tabcorp’s Sky Channel broadcasts at most two to three French meetings a day. The new deal could allow for additional meetings. PMU’s pool, via the Tabcorp PGI hub, will add TAB win and place bets on French racing.<\/p>\n
This new arrangement is a continuation of existing racing deals from Hong Kong, New Zealand, Singapore, and South Africa.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tabcorp, the Australian gaming operator, is a step closer to dividing the company. Shareholders have approved a demerger plan the company began working on almost a year ago. The wait is almost over for Tabcorp. Yesterday, the company’s shareholders agreed to allow it to move forward with a plan that will segregate its lottery business […]<\/p>\n","protected":false},"author":64,"featured_media":213391,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33810,35563],"tags":[],"acf":[],"yoast_head":"\n
Tabcorp Shareholders Overwhelmingly Approve Company Breakup - Casino.org<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n