Typhoon Hub Commingling With Hong Kong JC
Description:
Typhoon Hub, a tote services company based in Sydney, Australia, announced that it commenced commingling with the Hong Kong Jockey Club Horse Race Betting Limited March 16, with a select group of customers of Global Wagering Group through an agreement reached between WatchandWager.com and the HKJC.
The HKJC agreement is of particular significance as no other tote company in the world is currently able to wager internationally into these massive betting pools.
Typhoon Hub provides tote services for WatchandWager.com for a direct commingle into the HKJC's pari-mutuel pools. Headquartered in San Francisco, Calif., WatchandWager conducts U.S. licensed advance deposit wagering and racetrack operations.
Internationally, the HKJC offers the highest quality of racing and racing integrity and also provides significant pool liquidity across all its bet types. Typhoon Hub was selected by the HKJC as a tote provider due to Typhoon's progressive and flexible technologies, as well as its international business strategy.
William A Nader, executive director of racing for the HKJC, said, "We are delighted to welcome Typhoon Hub and WatchandWager to what we believe is the best racing and betting experience in the world. The outstanding racing offered at Sha Tin and Happy Valley racecourses should be available across the globe and this is a significant step in that direction."
Said David Bernsen of Typhoon Hub, "We have been exploring options with the HKJC to access the largest pari-mutuel pools in the world on behalf of our customers. The Typhoon Hub technology allows for rapid deployment into commingled pools, and with the enactment of commingling legislation in Hong Kong, it provides an opportunity to kick off our global strategy of a premium players' hub."