Australian betting operator Tabcorp is set to implement Longitude's Enhanced Pari-Mutuel System under a new partnership with that organization. The Longitude Enchanced Pari-Mutuel System is a betting technology platform that uses advanced mathematical principles and computing techniques to enable betting operators to offer a wider range of bet types and display greater odds data and bigger pools with more stable odds. It is exclusive to Tabcorp in Australia.
“We are very pleased to partner with Longitude, whose proven technology provides a strong foundation for us to deliver the next generation pari-mutuel wagering experience to our customers,” said Tabcorp Chief Operating Officer, Wagering and Media, Craig Nugent. “Wagering turnover is continuing to increase, as demonstrated by the rapid growth in fixed odds. In such a diverse wagering environment, it is critical to ensure that we are offering our customers industry leading technology in pari-mutuel wagering as well. The introduction of Longitude will drive new customer interest in this important segment of our business by providing unparalleled flexibility in bet types and
wagering innovation.”
The implementation of the platform is subject to racing industry and regulatory approvals. Rollout plans will be announced in the coming months.
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