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Racetrack project.

Sungold International Holdings Corp. On Nov. 22 announced that Clinton Phipps Racetrack has signed a Letter of Intent to become an Authorized Racetrack Affiliate with a five year exclusive license agreement for the Horsepower World Pool pari-mutuel product at their U.S. Virgin Island facility in St. Thomas. Horsepower wagering at the Clinton Phipps facility is subject to pari-mutuel approval and a successful technical evaluation approved by both parties. Larry Simpson, President and CEO of Sungold's wholly owned subsidiary Horsepower Broadcasting Network (HBN) International Ltd., stated, "Including racetracks and affiliated off track betting sites, we now have over 50 licensed pari-mutuel facilities that have expressed a desire in offering the Horsepower World Pool product. This arrangement with Clinton Phipps further expands our reach into the important Caribbean wagering market." Details: BCGU, Business Consulting Group Unlimited. John McDermott. (760) 230-2300. Email: OR DeMonte Associates Ltd. Cynthia DeMonte (212) 605-0525 575 Madison Avenue, Suite 1006, New York, NY 10022. Email:
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Title Annotation:Clinton Phipps Racetrack; Authorized Racetrack Affiliate; Horsepower World Pool
Publication:Caribbean Update
Article Type:Brief Article
Geographic Code:1USA
Date:Jan 1, 2006
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