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New Aust/SAf Co-Mingling Joint Venture
Tabcorp and its racing broadcaster Sky Racing have entered into a "long term partnership with Phumelela Gold Enterprises (PGE) - a joint venture between South African horse racing and the two South African tote betting operators, Phumelela and Gold Circle." The resulting partnership "provides for the reciprocal expansion of the broadcast of racing, and the co-mingling of totalisator pools between the two countries." The official signing ceremony took place on Saturday at Greyville's Durban July race meeting in South Africa, with managing director of Wagering, Robert Nason, representing Tabcorp. Both the Australian & South African racing industries are expected to be beneficiaries. Subject to final regulatory approval, Tabcorp customers will shortly commence wagering directly into South African totalisator pools via the SuperTAB pool (operated by the Victorian TAB), in "a similar manner to the existing co-pooling arrangement with New Zealand." The reciprocal arrangement will provide South Africa's punters with regular access to betting on a range of Victorian TAB pools. Part of the deal for Victorian TAB customers betting into South African pools is that they will be betting under South African betting rules, which includes some concepts new to the Australian wagering market, including a 4th place dividend for all South African races with 16 or more starters. Nason said the partnership was "part of Tabcorp's broad international strategy of bringing the best of international racing to Australian customers", & providing them with access to the host nation's totalisator pools. As well as South Africa, Tabcorp now has a regular program of international racing from Singapore, Hong Kong, New Zealand, United Kingdom and France, as well as major events from Japan and Ireland.