TOTE Tasmania and Typhoon Agreement

Tote Tasmania Ltd (TOTE) and Typhoon Gaming Pty Ltd (Typhoon) today announced that they have signed a Heads of Agreement (pending approval from the Tasmanian Government and final contract execution) for the licensing and installation of the Typhoon software platform, which will replace TOTE’s legacy Alfa system.

TOTE’s Core Wagering Replacement (CWR) programme was initiated in 2009 and, following a tender process, Typhoon was chosen as the Preferred Supplier in October 2010. The parties then conducted a Proof of Concept over Christmas and New Year. On May 11th 2011, the project kicked off and the parties are now fully engaged on the project.

Craig Coleman, TOTE CEO, stated. “We will replace our wagering back-end with Typhoon and change the business processes in the operations and front-end sales channels as well. Typhoon is a new, agile technology platform that will change the way we serve our customers globally. We will be a genuine 21st century customer service business. This means more products to customers sooner, and delivery at the right cost.”

Typhoon CEO, Nicholas Plowman said. “We will deliver the software in the wagering back-end and across all the sales channels, including web, mobile, self-service / operator terminals and call centre. We will also provide Typhoon and Java training for TOTE’s software engineering team so that TOTE can support and enhance its own sales channels going forward without incurring hefty fees.”

“The project is coming together and we will keep our customers informed,” Coleman said. “We have brought in change management specialists to drive through business change at TOTE and we are well equipped to tackle the Typhoon implementation. We will become a wagering market leader.”

“From the TOTE Board to the software engineering team, everyone is engaged on this project. Obviously we are excited by the deal but especially by the approach TOTE has opted to take in adapting its business processes to accommodate a modern betting system in Typhoon. It is a forward thinking approach to wagering IT.” Plowman said.

About Typhoon Gaming Pty Ltd

Typhoon Gaming is an Australian-based wagering technology company. Over the past five years it has designed and developed Typhoon, a new betting platform for the global wagering industry. With a staff of over 25, the company employs a specialist, Java-skilled engineering team that now has a combined 100 years in wagering specific software development.

Typhoon itself is an advanced wagering platform that was designed to provide punters with a fast and exciting betting experience, and wagering operators with a fast and efficient path to market. It provides instant access for punters to wagering facilities, and its rapid-response times and reliability ensure punters maximise their betting opportunities.

Typhoon is currently being implemented at the New Zealand Racing Board (NZRB) as part of their wagering modernisation programme.

About Tote Tasmania Ltd

TOTE Tasmania Pty Ltd is a State-owned company with its shares being held by the Treasurer and Minister for Racing of the State of Tasmania in trust for the Crown in right of Tasmania. The Company is licensed under the Gaming Control Act 1993 and has an exclusive right to conduct pari-mutuel (totalizator) wagering in the State of Tasmania.

TOTE Tasmania Pty Ltd is a leader in the leisure and entertainment industry. Under its retail brand The TOTE it markets pari-mutuel or pool based products on thoroughbred, harness and greyhound racing, as well as sport and fixed odds products including “Triwin” and sportsbetting to its customers (through the “BETASPORT” brand). This is done via a variety of channels, including the telephone, Internet, on-course and through a network of almost 120 hotel and retail outlets throughout Tasmania.

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