Landmark pooling deal with PMU brings TAB punters stable dividends on French racing
13 May 2022
TAB punters will get the benefit of more stable dividends on French racing under a new commingling agreement between Tabcorp and France’s main betting operator, PMU.
The new deal is the first to allow Australian punters’ bets to be commingled into a European hosted pool. The change will see far deeper and more stable pools in place for French gallops and harness racing meetings.
Currently Tabcorp’s Sky Channel broadcasts two or three French meetings per day with the possibility of additional meets being shown under the new deal. TAB win and place bets on French racing will be pooled into PMU’s pool via Tabcorp’s PGI tote hub.
The new pooling arrangement builds on existing deals involving racing from New Zealand, Hong Kong, Singapore and South Africa.
Tabcorp GM International Paul Cross said the commingling arrangement between PMU and TAB will enhance the customer experience and provide a more viable betting product.
“This commingling arrangement aligns with our strategy of using our reputation, capability and relationships to strike deals that benefit punters here and the racing industry both in Australia and participating nations.
“The deal offers customers the opportunity to bet into larger totalisator pools, which provides increased liquidity generally resulting in more stable odds. The larger the pool, the less effect that large bets have on final dividends.”
PMU International Director Aymeric Verlet said: “This commingling agreement on French racing represents an important milestone in our long-standing partnership with Tabcorp.
“As with our other pooling partners around the world, this will enhance the attractiveness of Tabcorp's horse betting offering and provide Australian punters with greater stability in the odds offered. This new step in our partnership marks the recognition of our expertise as a global horse racing operator and the excellence of French racing.
Rick Wallace, Tabcorp Media Relations Manager
+61 3 9868 2630
PMU is a French gambling operator specialized in betting on horseraces. It is the leading European player and third largest worldwide operator with € 8.3 billion stakes on horseracing. PMU offers in France a wide range of bets through its network of 13,400 outlets, racecourses and online and also abroad with more than 100 partners across 57 countries. Committed to promoting responsible betting, the company has a specific status in France as its corporate mission is to ensure the sustainability of the French horseracing industry and the continuation of its direct jobs. Its net profit, € 742 million in 2021, was fully redistributed to the French horseracing associations.