Also participating in the Dubai World Pools are Australian and Singapore from the ARF along with pari-mutuel operators in Canada, Europe and the United States.
The international pari-mutuel wagers placed through this partnership will be commingled into Hong Kong’s pools directly or via Premier Gateway International (PGI) during the two Dubai race meetings. This will ensure maximum liquidity and stronger opportunities for customers across the globe.
This announcement follows the successful launch of the World Pool for Royal Ascot in June 2019, which led to a 60 per cent increase in turnover. The Hong Kong Jockey Club has continued to collaborate with numerous leading racing jurisdictions and wagering authorities to further promote World Pool development for global racing events.
Mr. Winfried Engelbrecht-Bresges, the Hong Kong Jockey Club’s Chief Executive Officer, said: “The commingling development in Hong Kong has been an astonishing success.
“Last year we created a new dimension to commingling with the first global pool at Royal Ascot which enabled people around the world to make use of huge liquidity and led to a 60 per cent increase in turnover.
“We are now applying the same concept to Dubai. As a truly global racing event, Dubai's Super Saturday and Dubai World Cup meetings attract world class horses, jockeys and trainers.
“Commingling provides our sport with a golden opportunity to harvest the full potential of global racing and we are delighted to announce these two fixtures as the next destinations on the growing World Pool rota.”
Mr. Richard Cheung, the Hong Kong Jockey Club’s Executive Director, Customer and International Business Development, said: “We would like to thank the Dubai Racing Club, PGI, as well as our network of global commingling partners to make this happen.
“It is important to note that unlike Royal Ascot, there is no domestic betting in Dubai to merge with Hong Kong pool. So we are pulling the many different pari-mutuel pools across four continents to Hong Kong and create the World Pool. This will have to be a long term partnership to grow the pool together and 2020 is a great start.”
