ComCom backs trans-Tasman shared betting in provisional view

Tue, 09 Aug 2016

By Paul McBeth Aug. 9 (BusinessDesk) - The Commerce Commission thinks it should back an application to let the New Zealand Racing Board share certain betting provisions with Australia's Tabcorp. The New Zealand betting agency sought authorisation to enter new arrangements with Tabcorp due to its concerns about commingled pools in a certain form of betting, called pari-mutuel betting, which is where the total value is consolidated. From this, the operator takes their share with the remainder paid to winners. When pools are commingled, the...

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