Tabcorp Welcomes NSW Wagering Reforms

Friday, 11th September 2009

Tabcorp announced the NSW Government's response to the review of wagering arrangements & the future growth & sustainability of the NSW Racing Industry conducted by Alan Cameron "is a step forward for the NSW racing industry". Tabcorp declared: "The NSW Government's response acknowledges the importance of the racing industry to the NSW economy, as well as the value generated from the existing arrangements in which an exclusive totalisator is the primary source of funding. As part of the reforms, Tabcorp & on-course bookmakers will be allowed to offer fixed odds betting up to the jump on a greater number of races to account customers in the on-line & telephone channels. Tabcorp welcomes this as an important 1st step that will give customers access to a greater range of betting options. Tabcorp hopes that, in time, the expanded fixed odds offer will also be made available to its retail customers, as is the case in other states." Tabcorp also praised the decision to give "in-principle support for domestic & international pooling, which can deliver substantial benefits to NSW punters & the racing industry."

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