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More USA Online Horse Betting

12/9/09 - The controversial US legislative exemptions that permit online wagering on horseracing are set to generate yet another American company looking to profit from the situation. 

Online Horse Betting

This week Global Pari-Mutuel Services announced that it hopes to increase revenues with the launch of two new ADW (advanced deposit wagering) websites in order to capture a more significant portion of the market on horse, harness and dog racing in the United States and internationally, working through its wholly owned subsidiary Royal Turf Club.
The company has launched two new websites, RTC Sport Of and Track, which it says are the first of a series of websites GPRM plans to launch after completing an extensive upgrade to its software.
The sites join a rapidly growing Internet horserace wagering sector which is flourishing whilst other genres of online gambling are harrassed and legislated against by US politicians and government enforcement agencies.
GPRM generates revenue as a handling charge, not on wins or losses. The website receives payment for each bet placed though the system.
According to James A. Egide, founder and CEO of the company, ADW is the fastest growing segment of online horse and dog track wagering.
"Now that all software upgrades have been completed, GPRM has created the most user friendly websites for off track wagering available for racetrack gambling in the United States today," claims Egide. "These sites allow the user to place their wagers online and then watch the results as the race comes live to them via streaming video. Users can bet on many races from various racetracks around the country. Presently users can set up accounts using their credit card. GPRM will also be offering an e-check option in the next few weeks."
Egide said his company sees great opportunities to expand these distribution channels for market-specific applications. "Utilizing the new marketing data mining tools and social networking options such as Facebook, we have seen positive responses from the initial test marketing we have done," he said. "With the core wagering applications now complete, this provides us with the tools to expand into other revenue streams, unlike any other wagering site."

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Gambling News :

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

Novomatic has announced a legal action against Euro Games Technology - Online and land gambling equipment and games provider Novomatic has announced a legal action against Euro Games Technology Ltd., which it claims has unfairly created imitations of its slot games.

Starcraft ProLeague SHutting Down after 14 Years - Announcing the end of the road for the League, once pre-eminent in Asian eSports gaming, the Korean Esports Association blamed ethical scandals and competition for its decline in popularity.

Team Hot Launches - #teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.

Netent Q3-2016 Earnings Report - #netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.

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