DJofSD
04-29-2014, 01:11 PM
http://www.bloomberg.com/news/2014-04-29/mongolia-will-propose-gambling-on-horse-racing-to-tap-china-1-.html
Mongolia’s government will propose laws to set up a professional horse-racing league and legalize betting to compete for the Chinese gambling market.
Wagering on horses might give Mongolia access to a piece of the Chinese gambling market that’s made Macau the world’s biggest gambling hub. Revenue in Macau, the only place in China with legalized casino gambling, will double by 2018, according to Aaron Fischer, an analyst with Hong Kong-based brokerage CLSA.
I wonder if the integrity of the racing in China lends itself to this idea. I mean, there's been racing and gambling in a lot of other venues but they don't figure into Mongolia's plan.
Mongolia’s government will propose laws to set up a professional horse-racing league and legalize betting to compete for the Chinese gambling market.
Wagering on horses might give Mongolia access to a piece of the Chinese gambling market that’s made Macau the world’s biggest gambling hub. Revenue in Macau, the only place in China with legalized casino gambling, will double by 2018, according to Aaron Fischer, an analyst with Hong Kong-based brokerage CLSA.
I wonder if the integrity of the racing in China lends itself to this idea. I mean, there's been racing and gambling in a lot of other venues but they don't figure into Mongolia's plan.