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.