The Hong Kong Jockey Club (HKJC) has announced in conjunction with the Dubai Racing Club that it will open World Pool betting for both the Dubai Super Saturday meeting and the Meydan Racecourse World Cup meeting in Dubai.
World Pool betting’s latest expansion follows from the launch of World Pool at Royal Ascot 2019, which the HKJC revealed resulted in a 60 percent increase in turnover.
HKJC chief executive Winfried Engelbrecht-Bresges said: “The commingling development in Hong Kong has been an astonishing success.
“Last year we created a new dimension to commingling with the first global pool at Royal Ascot which enabled people around the world to make use of huge liquidity and led to a 60 per cent increase in turnover.
“We are now applying the same concept to Dubai. As a truly global racing event, Dubai’s Super Saturday and Dubai World Cup meetings attract world class horses, jockeys and trainers. Commingling provides our sport with a golden opportunity to harvest the full potential of global racing and we are delighted to announce these two fixtures as the next destinations on the growing World Pool rota.”
HKJC worked alongside a variety of other racing bodies to support World Pool’s growth across a combination of global racing events.
Overseas parimutuel wagers made by Australian, Canadian, American, Singapore and U.S. partners will be blended directly into Hong Kong’s pools or via Premier Gateway International (PGI) during the two Dubai race meets. This will achieve maximum liquidity and greater opportunities for clients around the globe.
Richard Cheung, Executive Director, Consumer and International Business Growth for Hong Kong Jockey Club, added: “We would like to thank the Dubai Racing Club, PGI, as well as our network of global commingling partners to make this happen.
“It is important to note that unlike Royal Ascot, there is no domestic betting in Dubai to merge with Hong Kong pool. So we are pulling the many different parimutuel pools across four continents to Hong Kong and create the World Pool. This will have to be a long term partnership to grow the pool together and 2020 is a great start.”