Tabcorp Launches Merged Pools, Powered by Nasdaq’s Longitude Technology
March 27 2019 - 6:00PM
Tabcorp Holdings Limited (ASX: TAH), Australia’s leading wagering
operator, and Nasdaq (Nasdaq: NDAQ) announced Tabcorp has
officially launched its new Trio betting type for pari-mutuel
customers. Powered by Nasdaq’s Longitude merged pool technology,
Trio allows customers to select three horses to finish first,
second and third in any order.
The Longitude technology offers an enhancement to the tote
betting system that allows multiple bet types to be merged into one
pool. In this scenario – Trio merging with the Trifecta pool –
allows customers to bet into pools with aggregated liquidity,
allowing for greater dividend stability and confidence.
Furthermore, this technology creates more certainty for customers
of their potential returns by providing the ability to see
approximate dividends on their Trifecta and Trio bets. “We’re
committed to bringing the best possible products to our customers
and believe Trio will be loved by punters,” said Andy Wright,
Executive General Manager of Wagering, TAB. “It’s the first of many
exciting opportunities made possible by our merged pool technology
and we look forward to unveiling more new bet types in the
future.”
“In launching Trio with our merged pool technology, Tabcorp is
providing its customers with an innovative betting type that makes
efficient use of existing liquidity and greater transparency for
the market,” said Scott Shechtman, Head of Longitude and New
Markets, Nasdaq. “We look forward to supporting Tabcorp’s
innovation as they continue to enhance the customer experience by
creating new pari-mutuel betting products over the coming
years.”
Nasdaq's world-leading market technology powers more than 250 of
the world's market infrastructure organizations and market
participants, including broker-dealers, exchanges, clearinghouses,
central securities depositories and regulators, in over 50
countries with end-to-end, mission-critical technology
solutions.
About TabcorpTabcorp is a world-class
diversified gambling entertainment group and top 50 ASX company
with more than 5,000 employees. In December 2017 Tabcorp combined
with Tatts Group. Tabcorp now operates the brands TAB, Tatts, NSW
Lotteries, Golden Casket, SA Lotteries, Keno, MAX, Sky Racing and
Sky Sports Radio – familiar names which ignite passion and
excitement in millions of Australians. www.tabcorp.com.au
About NasdaqNasdaq (Nasdaq: NDAQ) is a
leading global provider of trading, clearing, exchange technology,
listing, information and public company services. Through its
diverse portfolio of solutions, Nasdaq enables customers to plan,
optimize and execute their business vision with confidence, using
proven technologies that provide transparency and insight for
navigating today's global capital markets. As the creator of the
world's first electronic stock market, its technology powers more
than 100 marketplaces in 50 countries, and 1 in 10 of the world's
securities transactions. Nasdaq is home to approximately
4,000 total listings with a market value of approximately $15
trillion. To learn more,
visit: http://business.nasdaq.com.
NDAQG
For Media Enquiries
Nasdaq Ryan Wells ryan.wells@nasdaq.com Direct:
+44 (0) 20 3753 2231 Mobile: +44 (0) 7809 596 390
TabcorpNicholas Tzaferis
nicholas.tzaferis@tabcorp.com.auMobile: +61 (0) 400 028 110
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