Racing Services Creating Global Online Wagering Network
Updated: Saturday, October 27, 2001 12:42 PM
Posted: Thursday, October 25, 2001 2:14 PM
The Mexican subsidiary of a North Dakota-based simulcasting company is establishing an international online wagering service.
Racing Services de Mexico, S.A. de C.V., a wholly-owned subsidiary of Racing Services of Fargo, N.D., is establishing the service with WWW Global Interamericana, a subsidiary of Orbis Development (OTCBB: ORBD).
Through the Global Pari-Mutuel Network, players around the world will have access to pari-mutuel pools, real-time odds, scratches, daily results lines, daily race programs, past performance programs data and other handicapping data for 80 racetracks in the United States.
"We're delighted to work with Racing Services in the development of this new chapter of pari-mutuel racing, bringing a 'virtual,' real-time capability to millions of worldwide gaming enthusiasts," said Raymundo Diaz, president of Global. "Prior to our agreement, the customers of some online international off-track betting parlors did not have real-time access to racing odds that result from the betting decisions of other participants and were not included in the wager pools created and coordinated by providers, such as Racing Services."
Susan Bala, president and chief executive officer for Racing Services, said the Global network will open entirely new markets to U.S. racing.
"As it expands, it will provide a wide new audience of racing fans with the ability to wager on-line from anywhere in the world," Bala said. "This added venue, when coupled with the current $17 billion interstate pari-mutuel wagering industry, makes the 'Sport of Kings' available to a diverse fan base, increasing on-track pools and creating a new avenue of distribution for U.S. racetracks."
Racing Services, which operates technical centers in U.S. and South America, maintains an international telecommunications network and pari-mutuel racing package comprising racing signals, wagering systems, risk management, and on-line race and sports information. The network currently spans more than 35 wagering locations linking more than 80 racetracks.
Orbis is a company that handles electronic transactions for the customers of domestic and international banks. The company also close to deploying a full suite of state-of-the-art payment solution applications, including credit cards, debit cards, online checks and prepaid ATM debit cards, for worldwide Internet-based and traditional businesses.
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