Tabcorp Holdings Limited
(ASX:TAH) subsidiary Sky Racing has reached an agreement for a long-term media rights deal to broadcast New South Wales thoroughbred horse racing.
The arrangement includes the domestic and international media rights and the non-exclusive digital rights for all thoroughbred racing in the state.
While the terms of the deal are confidential Tabcorb expects the net financial impact of the New South Wales and Victorian arrangements will not be material.
The company has also advised Sky Racing is continuing to negotiate broadcast arrangements for Victorian thoroughbred racing.
Tabcorp Holdings reported a net profit of almost $130 million in the full 2014 financial year.
