Tabcorp in co-mingling deal with HKJC

Aussie gambling giant Tabcorp has announced that its Victorian TAB is to co-mingle its racing pools with Hong Kong Jockey Club for most common bet types on the Sha Tin and Happy Valley races.

Commenting on the deal, Tabcorp COO Brendan Parnell described the agreement as an important milestone in the relationship between the two organisations, and praised the HKJC for the quality of its races and the significant betting pools which they generate.

Parnell also revealed that his company is now in negotiations with the HKJC to agree on a reciprocal arrangement for Australian races.

Tabcorp punters wagered almost $70 million on Hong Kong racing in 2013/14.