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Starnet & Flamboro Downs Enter Into Internet Horseracing Simulcast Agreement
WILMINGTON, Del., Oct. 19 /PRNewswire/ -- Starnet Communications International Inc. (OTC Bulletin Board: SNMM - news) is pleased to announce that it has entered into a Simulcast Agreement with Flamboro Downs to provide live harness racing coverage via the Internet.
Regarded as Canada's fastest half-mile harness racetrack, Flamboro Downs is located near Hamilton, Ontario and has been operational since 1975. Flamboro Downs also offers simulcast standardbred and thoroughbred racing coverage via closed-circuit television throughout Ontario.
Coverage from Flamboro Downs will be simulcast on Starnet's Internet gaming site, WORLD GAMING (www.worldgaming.net). The World Gaming horseracing system features real-time track, program and handicapping information, and live audio/video racing coverage.
World Gaming intends to offer pari-mutuel wagering on the races to viewers outside of the U.S. and Canada, via its secure on-line wagering system. World Gaming now provides simulcasting from eight racing facilities, and intends to ally with additional organizations in order to provide 24-hour horse and dog racing coverage via the Internet.
Other companies involved in the off-track horseracing and wagering industry include You Bet International Inc. [OTC BB:UBET - news], Autotote Corporation [AMEX:TTE - news] and ODS Technologies L.P., a subsidiary of United Video Satellite Group Inc [Nasdaq:UVSGA - news].
World Gaming Services Inc., a wholly owned Starnet subsidiary, is licensed in Antigua to accept and process wagers via the Internet. In addition to ''Webcasting'' international horse and dog racing, the multilingual World Gaming system features virtual casino games, sports wagering with real-time odds fed from Las Vegas and Europe, and an international lottery ticket brokerage. World Gaming and its global marketing partners currently promote these pastimes to Internet bettors residing outside of the U.S. and Canada.
$10.2 billion US will be wagered online in the year 2002 (DataMonitor, 06/98). ABC News has described Starnet as ''a reputable pioneer in Internet gambling.''
Starnet is an Internet software, technology and service company, which commercializes on-line applications for established markets. For more information, please visit www.snmm.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Starnet's fillings with the Securities & Exchange Commission.
SOURCE: Starnet Communications International, Inc. |
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