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New individual World Pool race turnover record and exceptional value at Royal Ascot

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World Pool, the globe’s largest commingled horse racing pools developed and run by the Hong Kong Jockey Club (HKJC), delivered value for customers around the world like never before, with Tote+ Win beating SP in 83% of the 35 races across the five-day meeting.

Saturday’s highlight, the Queen Elizabeth II Jubilee Stakes, broke the record for single race turnover in a World Pool race. A total of HK$66.2 million (£6.6m) was bet into the pool, eclipsing the HK$66.1 million in the 2022 Derby.

The other two biggest pools of the week were in Friday’s Commonwealth Cup and the Ribblesdale Stakes on Thursday which both turned over HK$50.5m (£5.1m).

Saturday’s total turnover of HK$323.4 million (£32.5m) rates as the third highest World Pool day of all time, behind the Friday (HK$351.8m) and Saturday (HK$340.9m) of Royal Ascot 2022.

Total World Pool turnover for Royal Ascot 2023 hit HK$1.5 billion (£154m), only fractionally down on last year’s total of HK$1.6 billion, which was an increase on 2021’s figure of 35%.

Exceptional Value for Tote customers at Royal Ascot

As a collaboration of global Totes, with customers from an expanding list of 28 countries betting into it, World Pool creates huge liquidity and excellent value for racing fans.

The Tote offered customers exceptional value across the 35 races at Royal Ascot:

  • Tote+ Win beat SP in 29 of the 35 races (and matched on the remaining 6 races with Tote Guarantee in place online)
  • Tote+ Win overround was 106% vs SP overround of 125%
  • Tote+ Exacta beat the Forecast (1-2) in 32 out of 35 races, and averaged an 85% better payout
  • Tote+ Trifecta beat Tricast (1-2-3) in 29 out of 32 races, paying more than double the Tricast on average

£20,000 won by World Pool “Moment of the Day” winning grooms at Royal Ascot 

At each World Pool event there is a “Moment of the Day” which is awarded by an industry representative, with the moment decided by a standout performance.

The prize fund was significantly increased this season with each winning groom receiving £4,000 for their Moment of the Day prize, up from £1,000 in 2022, as well as being entered into the World Pool “Moment of the Year” where they could win a VIP trip to Hong Kong in 2024.

The winners were:

  • Tuesday:  Sydney Cale, groom of Bradsell, who won the Group 1 King’s Stand Stakes, making Hollie Doyle the first female jockey to win a Group 1 at Royal Ascot.
  • Wednesday: Viktor Konya, groom of Mostahdaf, the impressive winner of the Group 1 Prince Of Wales’s Stakes.
  • Thursday: Jack Abbey, groom of Desert Hero, winner of the King George V Stakes, who gave The King his first ever Royal Ascot winner.
  • Friday: Page Harrison, groom of Shaquille, who won the Group 1 Commonwealth Cup, giving trainer Julie Camacho her first ever Group 1 and first win at Ascot.
  • Saturday: Babu Singh, groom of Pyledriver, who landed the Group 2 Hardwicke Stakes, becoming the first horse to win the World Pool Moment of the Day for a second time, having been named the winner after his success in the 2022 King George VI & Queen Elizabeth Stakes.

The Hong Kong Jockey Club partners with Ascot Racecourse and UK Tote for another five years

On Saturday, the HKJC announced that it has renewed a five-year World Pool partnership agreement with Ascot Racecourse to continue to promote racing as a global sport.

The HKJC and Ascot Racecourse initiated the first World Pool partnership, with the UK Tote, in 2019 and the renewal agreement, signed at Royal Ascot on Friday 23 June, will run from 1 July 2023 until 2028.

This followed on from the UK Tote signing a new five-year agreement with the HKJC at the start of the week, which sees the UK Tote become the exclusive partner for World Pool in the UK and Ireland.

Winfried Engelbrecht-Bresges, Chief Executive Officer at the Hong Kong Jockey Club, said: “Royal Ascot produced exceptional racing once again and it is clear that international racing fans have embraced the quality and depth of fields across the five days. World Pool offers the best international racing for customers across the globe. In the four years since we launched World Pool at Royal Ascot, the Hong Kong Jockey Club has forged – and enhanced – a host of World Pool partnerships around the world and we are delighted at the significant progress achieved so far.”

Michael Fitzsimons, Executive Director, Wagering Products, at the Hong Kong Jockey Club, said: “Royal Ascot delivered an unforgettable five days of world class sport for racing fans all over the world and we are absolutely delighted with the turnover figures and clear value proposition that World Pool has offered. Thursday will live long in the memory with Their Majesties The King and The Queen enjoying their first Royal Ascot winner and our very own World Pool ambassador Frankie Dettori winning the Gold Cup in his final ride in the race.

“The Queen Elizabeth II Jubilee Stakes produced a record turnover figure for a World Pool race, and we were thrilled to see Wellington take up the challenge in addition to strong representation from other countries around the world. That is what World Pool is all about. It was launched to show how successful international collaboration can be for the very best international racing around the globe. We couldn’t be happier with how World Pool has progressed, and we would like to sincerely thank and congratulate Ascot Racecourse for putting on such a wonderful five days of racing.”

Alastair Warwick, Chief Executive at Ascot Racecourse, said: “Having announced our five year World Pool renewal with The Hong Kong Jockey Club this week, it was tremendous to end Royal Ascot with record breaking turnover in the Queen Elizabeth II Jubilee Stakes. That race really emphasised the impact that overseas challengers can have. It was a wonderful week of racing, with strong fields and intense competition which is what punters around the world want to see.

“Our grateful thanks to the Hong Kong Jockey Club, who we were delighted were so well represented at Ascot, and our colleagues at the Tote.”

Alex Frost, Chief Executive at the UK Tote Group, said: Once again Royal Ascot proved to be five days of incredible racing with both popular and surprising results each day. There were many highlights, but a winner for Their Majesties The King and The Queen, along with four for Frankie Dettori and more success at the highest level for Pyledriver were particular standout moments. With deep pools of over £30 million a day for customers to bet into, the Tote provided incredible value throughout the Royal meeting with 29 winners paying bigger than the industry Starting Price and the Tote operating with an overround of 106%, compared to 125% with bookmakers.

“We saw UK digital volumes into the pool double as racing fans recognise the exceptional value available on the Tote. This creates fantastic momentum for the rest of the 2023 World Pool season in the UK and Ireland as we continue to grow the Tote which is such a vital element to ensure a financially sustainable sport in the UK.

“We remain incredibly grateful to the Hong Kong Jockey Club for their global leadership of World Pool and support for the racing industry. On the back of signing our new five-year agreement we will be continuing to work together to grow World Pool and develop the pool betting experience for the betterment of the whole sport.

“Finally, congratulations to Alastair Warwick and the whole Ascot team for delivering a truly magical five days.”

Please visit https://worldpool .hkjc .com/ for full details about World Pool and follow @WorldPool on Twitter for all the latest news.

Latest News

Win tickets to the BLAST Premier Fall Final: GG.BET is running a MEGA BLAST Competition for fans of СS2

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From 26 July, all GG.BET users can get involved in the new MEGA BLAST Competition with a €10,000 prize fund. The winner will receive two tickets to the BLAST Premier Fall Final CS2 tournament, taking place from 27-29 September in Copenhagen. To enter, you need to place bets on Counter-Strike 2 matches.

BLAST Premier Fall is a major series of Counter-Strike 2 tournaments which draws in millions of viewers from all over the world every year. The series consists of three stages: Groups, Showdown, and Finals. The Groups stage sees 16 Tier-1 teams duke it out. Only 6 of these can go on to compete in the final, while the rest will battle it out in the Fall Showdown for two additional spots in the final. BLAST Premier Fall Finals will be the concluding stage of the Fall series, and fans can look forward to electrifying action, heart-stopping twists and turns, and an epic $425,000 prize fund.

From 26 July to 4 August, as the Groups stage rages on, GG.BET will be holding its MEGA BLAST Competition. The winner will get their hands on two tickets to attend every day of the BLAST Premier Fall Finals. As well as these tickets, the bookmaker is also giving away a whopping €10,000 prize fund to the top 40 participants in the MEGA BLAST Competition.

How to take part in the MEGA BLAST Competition:

  1. Register an account with GG.BET or log in to an existing account.
  2. Go to the tournament page and press “Participate”.
  3. Place bets on Counter-Strike 2 matches. Every bet you place will earn you a certain number of points, based on the odds.
  4. Rack up points, keep an eye on the leaderboard, and wait for your winnings to roll in.

Bet on your favorites and get ready for some unforgettable fun! Head over to GG.BET right now so you don’t miss your chance to enjoy a festival of Counter-Strike action in Copenhagen.

 

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Latest News

MANCHESTER CITY TO MARK GLOBAL PARTNERSHIP WITH SUPER GROUP-OWNED BETWAY AT THE NEW YORK STOCK EXCHANGE

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Manchester City has today announced a new multi-year partnership with leading global online betting and gaming brand, Betway.

As part of the club’s pre-season tour of the United States, and to mark this significant deal, leading figures from Manchester City and Super Group will be on-site for the iconic NYSE bell-ringing ceremony later today. Ferran Soriano, CEO of City Football Group, along with Neal Menashe, Super Group CEO, will ring The Opening Bell at 9:30am EDT.

The agreement will see Betway become the club’s Official Global Betting Partner from the start of the 2024/25 season, as Manchester City joins the brand’s extensive sports sponsorship portfolio which includes teams from across the Premier League, La Liga, NBA and more.

Ferran Soriano, City Football Group CEO, said: “We are pleased to announce Betway as our Official Global Betting Partner today. As a globally recognised brand, Betway has a strong pedigree and history of working with high-profile brands within the sports space and we’re excited to work together throughout the partnership.”

Super Group CEO, Neal Menashe, commented: “We are absolutely delighted to become Manchester City’s Official Global Betting Partner. This agreement cements our place in the top tier of Premier League partners, ensuring that our Betway brand reaches fans in all corners of the globe.”

Throughout the duration of the partnership, Manchester City and Betway will collaborate on a number of activations and exclusive content opportunities, in addition to the brand featuring across digital and in-stadia assets.

Manchester City and Betway will also work together to provide all players, coaches, management and staff in-depth, industry leading training on all relevant codes of conduct relating to betting integrity and responsible gambling. This is in addition to the work Manchester City already does to support players and staff in this area.

The Opening Bell ceremony can be viewed live.

 

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Compliance Updates

Acquiring a Curacao Online Gaming License in 2024: Comprehensive Analysis of Financial & Procedural Aspects with Costs & Timelines Detailed

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The “Acquiring a Curacao Online Gaming License, 2024: Comprehensive Analysis of Financial & Procedural Aspects with Costs & Timelines Detailed” report has been added to ResearchAndMarkets.com’s offering.

This report includes valuable insights into the financial and procedural aspects, including detailed information on costs and timelines associated with acquiring a Curacao license.

In 2023, Curacao introduced the “Landsverordening op de kansspelen” (Ordinance on Games of Chance) to modernize and regulate gambling legislation. Since March 2020, the Gambling Control Board (GCB) has been authorized to regulate offshore gambling games and oversee the issuance of Curacao licenses. As of 2023, there are 16 companies providing legal services for registration and licensing in the territory of Curacao. The license fee, as per GCB regulations, is 36,000 ANG or 19,800 USD, payable upon license issuance.

Research Timeline and Data Relevance

The research was conducted in two stages. The first stage, studying the regulator and Open Data Search, took place in December 2023. The second stage, writing the report and partially updating the data from the first stage, took place from the end of April to the end of May 2024.

Goals and Objectives

  • Describe the information about the Curacao license and the issuing regulator.
  • Describe the requirements and conditions for obtaining a Curacao license.
  • Describe the costs and timelines for obtaining a Curacao license.
  • Briefly study the market, find and suggest the following lists:
    • Legal companies offering services for company registration and obtaining a Curacao license;
    • Communication agents and integrators working with the Curacao license;
    • Suppliers and vendors working with the Curacao license;
    • Payment systems working with the Curacao license.

Key Topics Covered:

1. Goals and Objectives

2. Research Timeline and Data Relevance

  • Document Markup
  • Raw and Combined Data
  • Terms & Glossary

3. General Information

  • The Regulator
    • Registration of Operators With Sublicense
    • Application for an Online Gaming License

4. Requirements and Conditions for Obtaining a License

License Conditions

  • General Prohibitions
  • Safe and Secure Environment
  • Equipment and Application Software
  • Player Registration
  • Payment Transactions
  • Games
  • Terms of Use
  • Resolution of Complaints
  • Administrative Responsibilities
  • Publicly Available Information
  • Reports
  • Policies and Procedures
  • Suspension and Revocation of License
  • Additional Conditions
  • Supervision

Recommendations or Minimum Requirements for the Business Plan

5. The Cost of the License

6. Decision Term and the Validity of the License

7. Application Method and Forms

8. Contact Information

9. Companies for Registration and Licensing

10. Integration Companies

11. Suppliers and Vendors

12. Payment Systems

13. META

14. Appendix: Terms & Glossary

For more information about this report visit researchandmarkets.com/r/izeo6g

 

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