TabCorp expanding into Singapore racing

It presently co-mingles its SuperTab pool with New Zealand and South Africa, and this arrangement is seen as a way to complement a suite of agreements signed in January that introduced a greater exchange of races between Australia and Singapore.

The first phase of the agreement will see TabCorp guest into Singaporean pools for betting on the small island nation’s racing while the subsequent element will involve TabCorp hosting Singaporean pools for betting on Australian racing. ”We are delighted to enhance our business partnership with TabCorp once again, this time in the co-mingling of the Singapore and Australian pools,” said Yu Pang Fey, President and CEO for the Singapore Turf Club.

“We started working with TabCorp earlier this year to bring simulcast races to each other's countries and the co-mingling of our pools is a natural progression of our partnership with TabCorp. We look forward to working with TabCorp for many more years to come.”

The co-mingling of tote pools will bring significant benefits to customers in both jurisdictions with bigger betting pools creating more stable dividends, which will make it more attractive to bet into. The respective racing industries could also benefit through returns derived from increased wagering on races.

“TabCorp and the Singapore Turf Club have worked hard to make our partnership a commercial success and the co-mingling of our tote pools is the next exciting step,” said Robert Nason, Managing Director for Melbourne-based TabCorp.

“We look forward to being able to deliver significant benefits to our customers as well as the Australian and Singaporean racing industries who will financially benefit from the increased wagering on their racing. The expansion of Sky Racing in 2010 will assist in the promotion of wagering on Singaporean racing as the new channels will give Sky the capacity to cover every Singapore race meeting.”