Singpoli Group has announced that Lou Raffetto Jr. has been named president of YUP Racing, effective immediately.
YUPRacing.com is the first Chinese-language website in North America that provides the Chinese American community with a wagering platform dedicated to horse racing.
Raffetto has served throughout his career in several executive positions in the horse racing industry. Most recently, he was president of the Thoroughbred Owners of California. Previously, Raffetto served as president and chief operating officer of the Maryland Jockey Club for seven years.
"We are very excited to have Lou Raffetto leading our newest venture into the horse racing industry," said Kin Hui, CEO of Singpoli Group. "With his knowledge and experience in the industry, Lou will establish the direction of YUP Racing and grow it to become the top advance-deposit wagering website among Chinese in America."
"It is an honor to be associated with such an outstanding and highly respected group of individuals who love Thoroughbred racing and are dedicated to finding ways to invest in and enhance the sport," said Raffetto. "YUP Racing is far more than a wagering platform. To grow the brand, we will also be looking for other opportunities relating to racing, including expanding horse-ownership opportunities via Diamond 100 Racing Club syndication and YUP Racing Club, and by seeking synergistic investment prospects that can be pursued on our own or in strategic partnerships."
