Starnet Announces Connection to NASRIN Network
WILMINGTON, Del.--(BUSINESS WIRE)--Feb. 4, 1999--Starnet Communications International Inc. (OTC BB:SNMM) (''Starnet'') will go on-line this week with a connection to the North American Simulcast Racing Information Network (NASRIN(TM)), which links racetracks and off-track betting facilities using AT&T's international frame relay backbone.
Autotote Communication Services Inc., a division of Autotote Corp. (AMEX:TTE - news) has implemented and manages the NASRIN high-speed private network for the racing industry. Autotote provides wagering equipment, computer software, facilities management and satellite broadcast services for on-track, off-track and inter-track wagering, lotteries, and legalized sports betting facilities.
Autotote's systems are in use in the United States, Europe, Canada, Mexico, Latin America, New Zealand and the Far East.
The NASRIN connection provides Starnet with low cost, real-time access to live odds data from racetracks throughout North America. Odds are updated every few seconds for each race and transmitted across the NASRIN network for customers' review and use.
''We are delighted with our connection to the NASRIN network,'' said Paul Nyzuk, Starnet's Director of Pari-Mutuel Operations. ''It provides Starnet with secure, efficient, reliable, and cost effective telecommunications links to our Racetrack partners.''
''Autotote is eager to expand NASRIN functionality beyond the daily transmission of simulcast wagering data,'' explained Mark Sillcox, President of Autotote Communication Service, Inc.
''Starnet provides an ideal partner to help us launch the next development phase of enhancing our network so that it may serve a multitude of the racing industry's communications needs.''
World Gaming will soon be launching (www.worldracetracks.com) using its market-leading Internet technology. The new site will allow anyone from outside the United States and Canada to place wagers on North American Racing via its secure on-line wagering system.
The World Racetracks horseracing system offers win, place and show wagering, and features real-time track odds, handicapping information, and live audio/video racing coverage.
The service will be adding bet types and track selection every few weeks. World Racetracks currently has Simulcast agreements with ten racing facilities, and intends to ally with additional international organizations in order to provide a 24-hour program of Thoroughbred, Standardbred, Greyhound, and Jai-Alai wagering menus.
Starnet's competitors in the interactive home wagering pari-mutuel industry include Youbet.com Inc. (OTC BB:UBET) and On Demand Services (''ODS'') which is a wholly owned subsidiary of United Video Satellite Group Inc. (Nasdaq:UVSGA - news).
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. |
