Connect with us

WINNING COMBINATION - SOFTSWISS develops innovative iGaming software products for online casino, sports betting, and beyond. Our products can be delivered as standalone solutions or combined into a single iGaming Platform.

The future of sports betting: BETBY sportsbook is focused on innovation through deep industry knowledge, state-of-the-art software & endless customization possibilities.

Asia

Hong Kong Jockey Club response to Betfair offering betting exchange wagering on Hong Kong racing

Published

on

Record turnover at Happy Valley for Hong Kong racing’s season finale
Photo Source: scmp.com
Reading Time: < 1 minute

 

The Hong Kong Jockey Club is committed to upholding uncompromising integrity as a world-class racing club. Without prior consultation with the Club and in the absence of the Club’s permission and license, Betfair Pty Limited (“Betfair”) unilaterally announced on 21 August 2019 that it would be offering betting exchange wagering on Hong Kong racing. In line with its announcement, Betfair commenced offering wagering on Hong Kong, with the Sha Tin race meeting on 1 September 2019.

The Club takes this matter seriously as it represents a serious integrity issue and an equally serious infringement of its intellectual property rights. In addition, creating the opportunity for people to back horses to lose is against what we all believe in.

The Club has expressed, in writing, its grave concerns and opposition to Betfair’s actions to the Australian government and relevant racing authorities, including Northern Territory Racing Commission which licenses Betfair, the Australian Communications and Media Authority which administers the Interactive Gambling Act, and Racing Australia which is the national racing authority and makes the Australian Rules of Racing. The Club has also sent formal letters to Betfair and its parent company, Crown Resorts, demanding them to immediately cease and desist from offering wagering via its betting exchange platform (including in-play betting) on Hong Kong racing, and any related promotion or advertising for the purpose.

Betfair made their announcement via Twitter and Youtube without prior notice to the Club, and we were first made aware of it by the media. The Club is making public the enclosed letter to Betfair to let the media and the public understand the Club’s zero-tolerance towards issues relating to integrity and intellectual property rights.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Advertisement

Trending (Top 7)

EuropeanGaming.eu is a premier online platform that serves as a leading information hub for the gaming and gambling industry. This industry-centric media outlet reaches over 200,000 readers monthly, providing them with compelling content, the latest news, and deep-dive insights.

Offering comprehensive coverage on all aspects of the gaming sector, EuropeanGaming.eu includes online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant virtual meetups and conferences, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - European Gaming is part of HIPTHER. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.