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Tabcorp Develops Partnership With Phumelela
Tabcorp & South Africa's Phumelela Gold Enterprises announced "an important development in their strategic relationship". PGE & Tabcorp "will jointly own the international totalisator gateway business currently operated by Phumelela Gold International" (a Phumelela Group company based on the Isle Of Man). The relationship "will take the form of an incorporated joint venture known as Premier Gateway International"; Tabcorp is the 1st international tote operator "to accept the invitation to join PGE in the gateway business". PGE & Tabcorp "share the vision of global co-mingling & this joint venture between the 2 organisations is the 1st step towards achieving that goal. The variety of systems & technologies utilised for tote betting in racing jurisdictions across the globe "is a major hurdle to global co-mingling due to the significant reciprocal investments in time & resources which are required to co-mingle tote pools"; a global tote gateway such as PGI "expedites & facilitates co-mingling because once a tote system is connected to the gateway, it will have access to other tote systems around the world that are already linked to the gateway". Phumelela Group chief executive Rian du Plessis commented: "We are delighted at the prospect of entering into this strategic relationship with Tabcorp & look forward to working with them in developing the Isle Of Man gateway to its full potential. The gateway will offer different tote operators the ability to co-mingle tote pools with different totes through one software solution, as opposed to having to develop a variety of solutions." Tabcorp managing director of wagering David Attenborough added: "Tabcorp welcomes the opportunity offered by PGE to be the 1st major international wagering company to participate with them in the gateway business. Global co-mingling has historically been expensive & protracted. This gateway business offers tote operators more efficient & less costly access to other global totes. We believe the Australian & New Zealand racing industry will benefit from the additional export opportunity created by Tabcorp totalisator pools becoming accessible through the gateway."