From the Half yearly 2 weeks ago..
U.S. Fixed Odds Update
As previously announced to the market, the New Jersey Bill which "authorizes
fixed odds wagering on horse races through fixed odds wagering system" has
been introduced to the New Jersey Legislature.
The Bill is expected to progress during the first half of CY21. If and when
the Bill becomes law, BetMakers' exclusive agreement with the New Jersey
Thoroughbred Horsemen Association and Darby Development LLC. (the operator of
Monmouth Park race track) to manage Fixed Odds betting on horse racing within
New Jersey will commence.
The Company has set a deliberate path to actively support Fixed Odds betting
on horse racing in the U.S. and continues to work with legislators, regulators
and racing authorities in New Jersey and other States to establish both a
legal framework and a model intended to support racing industries and
commercial partners.
The Company believes it is strongly placed to execute on these opportunities
and looks forward to updating the market on developments regarding Fixed Odds
wagering throughout the U.S.
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