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ANTIGUA, June 28 /PRNewswire/ -- DrHo888.com (www.drho888.com), Asia's high-life online casino, and Betfair.com (www.Betfair.com), the world's largest betting exchange, have created DrHoBets.com -- the first open betting exchange specifically designed for Asian clientele. DrHoBets.com is totally customer-driven, with players wagering and setting odds on any possible event or outcome whatsoever, for and against each other.
DrHoBets.com is based on a model that has taken the UK by storm -- a market that is one of the most pragmatic and progressive in terms of service choice, as well Government licensing and regulation. The Website will be available in English and traditional Chinese, and accessible through http://www.DrHoBets.comas well as the http://www.DrHo888.comand http://www.Betfair.comWebsites.
"This new venture really gives customers the ultimate choice in gaming, practically enabling them to become their own bookmakers," said Peter Kjaer, CEO of DrHo888.com. "Players can choose to bet on the World Cup Final, who will be the next US President, what the weather will be, or anything else they can possibly think of. The players set the odds and open the invitation for anyone interested to step up to the table. DrHoBets.com simply acts as a stakeholder so everyone is reassured that the wager is bona fide and that payment is guaranteed.
"Betfair.com's exchange has been phenomenally successful in the UK, and together with DrHo888.com, we believe DrHoBets.com creates a service that will give Asian players tremendous prices, volume and access to 60,000 other players around the planet. With Betfair.com's proven track-record in Europe, and DrHo888.com's unparalleled reputation in Asia, we add an extra dimension to our customers' gaming that they have never had before, but have often wanted."
Online gambling in South East Asia is estimated by the industry to be the most solvent gaming market in the world, worth US$8billion each year, before the introduction of exchange betting. DrHoBets.com will bring together DrHo888.com's subscriber-base, of which more than 80 per cent are from Asia, and Betfair.com's US$10 million superior technology which has been credited with helping it, and its partners, command more than 90 per cent of the global exchange market. Only launched in June 2000, Betfair is licensed, regulated and taxed in the UK and set to turn over more than US$1.5 billion in 2002.
"We feel we have the right product, the perfect partner and excellent market liquidity to make DrHoBets.com a roaring success in Asia, just like Betfair.com has been in Britain," said Edward Wray, CEO of Betfair.com. "Our leading market position and our reputation for innovation in the gaming world, will be strengthened by this strategic partnership with DrHo888.com and help us to introduce a whole new concept to Asian gamers."
DrHo888.com is licensed and monitored by the Antigua Gaming Commission and operates to the same high-standard of reliability and trust found in Macau's traditional land-based casinos.
DrHoBets.com is based on a model that has taken the UK by storm -- a market that is one of the most pragmatic and progressive in terms of service choice, as well Government licensing and regulation. The Website will be available in English and traditional Chinese, and accessible through http://www.DrHoBets.comas well as the http://www.DrHo888.comand http://www.Betfair.comWebsites.
"This new venture really gives customers the ultimate choice in gaming, practically enabling them to become their own bookmakers," said Peter Kjaer, CEO of DrHo888.com. "Players can choose to bet on the World Cup Final, who will be the next US President, what the weather will be, or anything else they can possibly think of. The players set the odds and open the invitation for anyone interested to step up to the table. DrHoBets.com simply acts as a stakeholder so everyone is reassured that the wager is bona fide and that payment is guaranteed.
"Betfair.com's exchange has been phenomenally successful in the UK, and together with DrHo888.com, we believe DrHoBets.com creates a service that will give Asian players tremendous prices, volume and access to 60,000 other players around the planet. With Betfair.com's proven track-record in Europe, and DrHo888.com's unparalleled reputation in Asia, we add an extra dimension to our customers' gaming that they have never had before, but have often wanted."
Online gambling in South East Asia is estimated by the industry to be the most solvent gaming market in the world, worth US$8billion each year, before the introduction of exchange betting. DrHoBets.com will bring together DrHo888.com's subscriber-base, of which more than 80 per cent are from Asia, and Betfair.com's US$10 million superior technology which has been credited with helping it, and its partners, command more than 90 per cent of the global exchange market. Only launched in June 2000, Betfair is licensed, regulated and taxed in the UK and set to turn over more than US$1.5 billion in 2002.
"We feel we have the right product, the perfect partner and excellent market liquidity to make DrHoBets.com a roaring success in Asia, just like Betfair.com has been in Britain," said Edward Wray, CEO of Betfair.com. "Our leading market position and our reputation for innovation in the gaming world, will be strengthened by this strategic partnership with DrHo888.com and help us to introduce a whole new concept to Asian gamers."
DrHo888.com is licensed and monitored by the Antigua Gaming Commission and operates to the same high-standard of reliability and trust found in Macau's traditional land-based casinos.