The North Korean government has lifted its ban on horse race betting, with experts pinning the latest move as the country’s way to make it through tough global sanctions.

Korea’s horse racing industry, considered the sleeping giant of Asia, has not been immune from the turmoil sweeping through the country’s political and business classes, with modernization plans in the balance after the Korean Racing Authority chairman was removed from office.

 

Korea’s horse racing industry, considered the sleeping giant of Asia, has not been immune from the turmoil sweeping through the country’s political and business classes, with modernization plans in the balance after the Korean Racing Authority chairman was removed from office. It’s just the latest setback for the sport, which has been beset by political obstacles.



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Macau (Yat Yuen) Canidrome says it has not yet received notice from the government requesting the initiation of exit procedures and guidelines for coordination.

Former Crown Resorts chief executive Rowen Craigie has been appointed to the Racing Victoria board, overseeing the state’s racing industry.

The Japanese government is looking at ways to curb problem gambling by limiting online race betting, removing ATMs from some racing venues, and reducing the jackpot rewards for pachinko, local media reports.

British racecourses and Colossus Bets have announced a significant partnership that will enhance the future pool betting offering on British Racing.

Australian operators are concerned a point of consumption tax introduced in South Australia may go national, which they say could potentially render the wagering industry unprofitable.

Australian operators are concerned a point of consumption tax introduced in South Australia may go national, which they say could potentially render the wagering industry unprofitable. The measure is an attempt to tax money where it is actually earned, effectively preventing online companies from enjoying tax arbitrage by basing their operations in a low tax state while offering their services across the country.



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SBC Events is introducing a dedicated full day conference track on racing at Betting on Sports 2017, held at Olympia from September 12-15.

The Macau SAR government has extended the concession granted to Macau Horse Racing Company Ltd for a period of six months.

Australian wagering giant, Tabcorp swung to a loss of A$20.8 million ($16.5 million) in the year ending June 30, hurt by the costs of its merger with rival Tatts and legal costs.

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