GAMBLING INSIDER

Australian operator Tabcorp has extended its sponsorship agreement with Victoria Racing Club (VRC) to 2024.

The new eight-year deal, which comes into effect on 1 August, sees Tabcorp retain its position as official wagering partner of both the VRC and the Melbourne Cup Carnival.

New elements of the agreement see Tabcorp granted support sponsorship of the Emirates Melbourne Cup Tour and naming rights sponsorship of the Group 1 Australian Cup.

Tabcorp Managing Director and Chief Executive Officer, David Attenborough said: “The VRC is one of the world’s premier race clubs and Tabcorp is delighted to extend our partnership through to the expiry of Tabcorp’s current Victorian Wagering and Betting Licence in 2024."

Tabcorp is a top 100 public company listed on the Australian Securities Exchange.

Victoria Racing Club, based at Flemington Racecourse, is the world's largest member-based racing club.

The Melbourne Cup Carnival is made up of race days throughout September, October and November, including the Melbourne Cup on 1 November.

The Melbourne Cup is run at Flemington over 3,200 metres, with thoroughbreds competing for a prize pool of A$6.2m in front of a crowd of over 100,000.

Last year's race was won by Prince of Penzance, ridden by Michelle Payne.