01/05/2017

Frequently Asked Questions

Q
Will The Global Tote compete for International and Australian domestic retail clients?

A
The Global Tote provides a Business-to-Business product to Approved Wagering Operators (AWO).

Q
How much wagering turnover is currently going through the The Global Tote pools?

A
The Global Tote launched on the 4th May 2017. In the period up until the 30th November 2017 The Global Tote’s unaudited turnover was $67.63M. Over this launch period (seven months) The Global Tote hosted pools on 1381 race meetings.

Q
Will the Racing Bodies be able to vette AWOs?

A
Yes, each AWO will be required to be individually approved by the racing bodies before betting into racing product pools.

Q
What jurisdictions is The Global Tote currently licensed in?

A
The Global Tote wholesale product is licensed in Alderney, UK. The Global Tote is also licensed to accept tote wagers in the UK and US.

Q
How long does the on-boarding process take?

A
6-8 weeks which includes commercial agreement, due diligence with racing bodies and Alderney, infrastructure setup, API integration and testing.

Q
What racing jurisdictions is The Global Tote currently hosting pools on?

A
Australian Thoroughbred Racing, Greyhounds and Harness. UK Thoroughbred Racing. South African Thoroughbred Racing. New Zealand Thoroughbred Racing.

Q
How will race field fees be collected?

A
The Global Tote will collect and remit race field fees in respect of products unless otherwise agreed.

Q
Is The Global Tote ITSP compliant?

A
The Global Tote is designed as a B2B single hosted pool option for AWOs. However, ITSP is expected to be completed in 2018 to allow for other tote’s to connect into the pools.