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Softbank to Enter Online Gaming Market

7 Sep 2005

JAPAN – As reported by the All Headline News: "Softbank is on track to become Japan's first Internet group to enter the online betting market, in a move to diversify its business.

"Softbank, which runs the Yahoo broadband service in Japan, plans to set up an Internet portal to provide information on the races, take bets from punters and broadcast races, under a deal with the Iwate Prefecture Horse Racing Association.

"Softbank Corp. says from April next year it will take bets via the Internet on races at two courses in Iwate prefecture, some 400 kilometers (250 miles) north of Tokyo…"

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