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New Venture By Platinum Pari-Mutuel Group
Thursday January 16,2014 : GAMBLING CONVERGENCE ON STEROIDS
New venture brings together a variety of betting products.
Goldman Small Cap Research, a stock market research firm focused on the small cap and micro cap sectors, has released an interesting study on Hokutou Holdings, International, Inc. and its wholly-owned subsidiary, Platinum Pari-Mutuel Group which is set to introduce a novel approach to Internet gaming with a first-mover offering.
The company's plan is to launch a service that serves as the intersection of global financial markets, horse racing, fantasy sports, and the online gaming community.
It will enable players to "race" stocks, indices, commodities and currencies based on relative price movements against each other or selected stocks in the associated industry group, with stated odds for win/place/show and exactas, via a typical pari-mutuel wagering system.
Depending upon the user's domicile, punters can win money via wagering, (where it is legal) or earn points and prizes in a gaming format (where it is not).
Goldman analyst Rob Goldman said Wednesday:
"Combining financial markets with gaming, pari-mutuel wagering and a social media platform is truly innovative and management's many years of experience should enable this company to succeed in attracting potentially millions of players from around the globe."
Hokutou Holdings International Inc. is an over-the-counter pink sheets listed firm operated as a development stage holding company for the last three years. The company recently completed the acquisition of Platinum Pari-Mutuel Group as a wholly owned subsidiary.
Platinum Pari-Mutuel Group is a software company specialising in the development of an online experience designed to enable users to follow and share information regarding the fast-paced global financial marketplace and to compete against each other in a traditional racing format.
The company has developed a Hub computer system located in Saint Kitts to facilitate transaction processing. The location provides the ability to service both U.S. and international markets, and is based on pari-Mutuel wagering systems where the operator takes a percentage of the sales to pay the cost, and the rest is paid back to the players.
The company has a website at http://www.financialraces.net/ to learn more about Platinum Pari-Mutuel Group.
Gambling News :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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