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HKJC begins US arrangement

7 Sep 2007

LAS VEGAS, Nevada -- (PRESS RELEASE) - The Hong Kong Jockey Club announced today that it will officially commence its bet commingling arrangement with gaming companies in the United States at its season opening race meeting this Sunday (9 September).

This encouraging news follows the Nevada Gaming Commission's decision a fortnight ago to approve an agreement between the Club and Nevada-based Las Vegas Dissemination Company (LVDC) to commingle bets wagered in the States directly into the Club's racing pools in Hong Kong.

Winfried Engelbrecht-Bresges, Chief Executive Officer of the Club, welcomed Foxwoods Resort Casino, a major gaming company in the United States, as the first authorised location in the US to accept bets on Hong Kong horse races and commingle them into the pools of the Club starting this Sunday.

"With LVDC set to co-operate with other prominent gaming entertainment companies in the US in the future, we look forward to providing our world-class racing products to more racing fans at more authorised locations in the US," he said.

Foxwoods Resort Casino, North America's largest casino located on the Mashantucket Pequot Reservation in the state of Connecticut, has signed a 5-year agreement with LVDC to simulcast Hong Kong horse racing to racing fans at Foxwoods Resort Casino and to accept bets on these races to be commingled into the pools of the Club via LVDC. The Club endorses and welcomes Foxwoods participating in the commingling arrangement.

John O'Brien, president of Foxwoods Resort Casino, also expressed his excitement about the arrangement and the chance to introduce the Club's world-class racing product to its customers in the US.

"We are extremely excited to enter into this commingling agreement with LVDC. This will provide our guests with the wonderful opportunity to see and bet on races offered by the world-renowned Hong Kong Jockey Club. Foxwoods will be able to offer its patrons yet another superior gaming product and racing excitement that previously could only be enjoyed if you traveled halfway around the globe," Mr. O'Brien said.

 
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