Hong Kong: Racing will now be available as a betting medium in UKPICTURE: Hong Kong Jockey Club
Hong Kong and Tote agree co-mingling deal
PUNTERS in the UK will be able to bet into the huge pari-mutuel pools in Hong Kong, starting with Happy Valley's meeting on Wednesday, following an agreement between the Hong Kong Jockey Club (HKJC) and the Tote.
As part of the agreement, the betting shops and online platforms of Betfred, Coral and Ladbrokes will accept bets on the HKJC's tote pools, although fixed-odds betting will not be available. SIS will distribute the live broadcasts.
The HKJC's executive director Richard Cheung said: "Given its tremendous legacy in the sport of horseracing, it is a great pleasure to welcome the UK to our expanding list of co-mingling jurisdictions.
"While we are certain that UK racing fans will be attracted to the world-class racing in Hong Kong, especially with our Longines Hong Kong International Races looming on Sunday, December 11, our midweek racing, often at Happy Valley, is a perfect midday option for customers."
The HKJC said it anticipated agreements with more UK operators in the coming months.
Its co-mingling director George Irvine said: "A High Street presence is a must in the UK market and this agreement will enable some of the world's finest racing fans to participate in the excitement of Hong Kong's competitive racing.
"This deal ensures Hong Kong racing will be available in thousands of retail betting outlets while future agreements we are finalising will enable later delivery direct to millions of UK households.
"Meanwhile, the placement of Hong Kong race cards in the Racing Post will reliably inform punters in a familiar style."