NZRB approves OpenBet, Paddy Power Betfair for FOB platform
The New Zealand Racing Board (NZRB) has announced it has approved NYX’s OpenBet and Paddy Power Betfair to deliver its new fixed odds betting (FOB) platform.
The new platform is expected to be fully integrated into NZRB for the 2018-2019 season.
The approval follows a detailed design phase held with OpenBet and further discussions with Paddy Power Betfair who won the opportunity in a request for proposal (RFP) process in 2016.
NZRB chair, Glenda Hughes, said: “The investment will enhance NZRB’s current fixed odds betting business, to meet ever-increasing customer demand and enable NZRB to better compete with international wagering organisations.
“OpenBet will provide NZRB with access to a first-class FOB engine, used by many of the major wagering organisations across the world, and partner NZRB with an organisation at the forefront of international wagering growth and innovation.
“Both partner organisations have strengths in digital, sport and in-play wagering, which are three of the biggest growth opportunities for NZRB.”
Matt Davey, chief executive of NYX Gaming, added: “We are focused on working with NZRB to develop a best-in-class technology that delivers a great player experience.
"We are honoured to be selected from what was a highly competitive tender process and excited for the project ahead of us.”
The FOB platform is one of a number of key strategic initiatives for NZRB which include customer and channel improvements, racefields legislation, and a programme to optimise the racing calendar.