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Foxwoods, HKJC sign deal

9 Aug 2007

MASHANTUCKET, Connecticut -- (PRESS RELEASE) -– Foxwoods Resort Casino today announced an exclusive 5-year agreement to simulcast horse racing events from the world renowned international horse racing organization, the Hong Kong Jockey Club. This ground-breaking agreement with Las Vegas Dissemination Company allows horse racing fans in the United States to enter into pari-mutuel commingled wagering on all races featured at the Hong Kong Jockey Club for the first time ever. This new partnership will allow patrons to participate in very significant prize pools that could potentially pay out millions of dollars. Initially the betting will concentrate on standard win and "place" betting and "small exotics". Foxwoods has obtained the exclusive rights in Connecticut to feature these races in their Ultimate Race Book. As one of the world's largest horse racing organizations, this alliance offers Foxwoods customers exclusive access to some of the world's most thrilling international horse races in real time. Bets will be placed through the Las Vegas Dissemination Company, the only approved and authorized hub to receive the Hong Kong Jockey Club signal in the United States. The first races will be simulcast starting September 2007.

"We are extremely excited to enter into this exclusive agreement with the world renowned Hong Kong Jockey Club," said John O'Brien, president of Foxwoods Resort Casino. "This will provide our guests with the chance to see and bet on races they would only be able to see in Hong Kong. Once again Foxwoods offers its patrons yet another superior gaming product and exclusive access to racing excitement that previously could only be had if you traveled halfway around the globe."

"We applaud Foxwoods initiative to be the first to sign an agreement," said John Gaughan, President of LVDC. "The impact of this deal will reverberate throughout the racing and casino industries world-wide and will enhance the way American race books operate their business. This will mark the first time an American audience will conduct live pari-mutuel commingled wagering on races at the Hong Kong Jockey Club."

"This is a historic moment for fans of horse racing," said Robert Moretti, Executive Vice President and COO of LVDC. "This strategic partnership places the prestigious Hong Kong Jockey Club on a world-wide stage in front of a global audience at Foxwoods. In the horse racing industry, these races from Hong Kong are on par with the World Series and Super Bowl among Asian bettors."

"Carrying Hong Kong Jockey Club races at Foxwoods will create an entirely new market of players, namely Asians who now reside in the United States who are familiar with the Hong Kong Jockey Club brand but who have never placed a pari-mutuel wager," said Moretti.

 
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