123racing Launches in the U.S.
Exciting New Wager Available Beginning October 10th
October 13, 2009 – Racingworld Technology Ltd. (RWT) announced today that it is successfully launched its new 123racing pari-mutuel wager for the first time in the U.S. on Saturday October 10, 2009 on Philadelphia Park’s races 4 – 9. The 123racing wager will be available daily on the Philadelphia Park card.
A $2 base bet entitles the bettor to one pick in each designated race, after which they are awarded points for selecting the first, second and third place finishers.
As bettors accumulate points they are ranked on a dynamic leaderboard, in essence competing against one another as they vie for the top leaderboard spot and a share of the pari-mutuel pool.
While providing the added interest of competing on the 123racing leaderboard, the points system also offers benefits to those new to pari-mutuel wagering or those intimidated by a traditional pick six because a bettor is not shut out if his or her picks don’t win in early races. In fact, because points are awarded based on the win, place and show payouts, a player can easily come from behind to move up the leaderboard. Plus, there is always a winner in 123racing, with the top three points scorers taking a share of the pool at the conclusion of the event. It combines the key element and excitement of fantasy sports with live horse racing.
“We are thrilled to bring the123racing wager to the U.S.” Said Robert Earle, CEO of Racingworld Technology. “The concept has been proven in free-play promotions and we are confident that 123racing offers an exciting new way to experience betting; one that will appeal to a broad group of bettors.”
Prior to introducing the 123racing pari-mutuel bet type in the U.S., RWT has been providing a free-play version in the U.S. since 2006 for customers such as Monmouth Park (www.survivalattheshore.com), The Meadowlands Racetrack (www.survival-challenge.com) and in Canada for Woodbine Entertainment Group, where the 123racing.ca free-play website is promoted as an interactive skill contest on live horse racing twice per week on Canada’s biggest TV Sports network - Thescore.ca.
123racing was developed by Racingworld Technology and licensed to Scientific Games Racing, a wholly-owned subsidiary of Scientific Games Corporation (NASDAQ: SGMS), under the terms of an exclusive licensing and distribution agreement. 123racing is available exclusively to tracks and OTBs serviced by Scientific Games Racing. A list of participating customers, upcoming host content providers, schedules, leaderboards and results can be found at www.123racing.info.
CEO, Racingworld Technology Ltd
About Racingworld Technology Limited.
Racingworld Technology Limited is a niche gaming software development company based in Surrey, England which has developed and operates the horse racing gaming platform - www.123racing.com. Racingworld Technology provides its 123racing handicapping games to Woodbine Entertainment in Canada for Woodbine and Mohawk race tracks and The NJSEA offering FREE play handicapping games on Meadowlands and Monmouth Park racing. Racingworld Technology has signed an exclusive license agreement with Scientific Games Racing LLC to offer its 123racing concept as a Pari-mutuel wager to North American tracks and OTB’s. 123racing was approved by the Pennsylvania Racing Commission as a pari-mutuel wager in July 2009.
About Scientific Games
Scientific Games Corporation is a leading integrated supplier of instant tickets, systems and services to lotteries worldwide, a leading supplier of server-based gaming machines and systems, Amusement and Skill with Prize betting terminals, interactive sports betting terminals and systems, and wagering systems and services to pari-mutuel operators. It is also a licensed pari-mutuel gaming operator in Connecticut, Maine and the Netherlands and is a leading supplier of prepaid phone cards to telephone companies. Scientific Games’ customers are in the United States and more than 60 other countries. For more information about Scientific Games, please visit our web site at www.scientificgames.com
- Contact Information
- Rob Earle
- Chief Executive Officer
- Racingworld Technology Limited
- Contact via E-mail
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