Tabcorp signs co-mingling deal with German tote

Tabcorp has added Germany’s totalizator to its multi-billion dollar wagering pool via a co-mingling deal.

The deal will allow punters in Germany to bet on Australian racing through the German tote, and get access to deeper bet pools and less volatile odds,. It is part of an ongoing strategy by the Australian betting giant.

“We’ve been progressively co-mingling international tote pools into our domestic pools as part of our international strategy,” said Tabcorp’s chief operating officer of wagering and media Craig Nugent.

Currently, Tabcorp holds similar co-mingling deals with the Hong Kong Jockey Club, Singapore Turf Club, New Zealand Racing Board and South Africa’s Phumelela.

German Tote is majority-owned by French wagering operator Pari Mutuel Urbain (PMU). German racetracks (BGG Betriebsgesellschaft der Galopp-Rennvereine mbH) have a minority stake.

Tabcorp also said it has expanded its arrangements with ATG, the Swedish Horse Racing Totalisator Board. As a result, a third day of Australian harness racing will be broadcast and wagered on in Sweden, with Wednesday to be added to the existing Thursday and Friday schedule. Sweden is one of the world’s biggest harness racing wagering markets.