Brazil: US Firm Acquires Jockey Clubs’ Broadcast Signals

    Carnegie Cooke and Co., Inc. announced the acquisition of the domestic racing broadcast signal betting for a facility in Campos, Brazil.

    Domestic signal betting in Campos has been active for two years and generated US$ 10,000 (30,000 reais) weekly in the previous quarter.


    Carnegie Cooke’s Max Rosado, COO, stated, “Carnegie Cooke’s position in the international turf industry is strengthened by the acquisition of the domestic racing signal.


    “By attaining the domestic signal we continue to enhance our business model with the expansion of various revenue generating sources, adding to our international betting signal.


    “The international signal from Charleston Broadcast Technologies is presently being tested and synchronized and will become fully operational to receive bets.”


    “The domestic broadcast signal carries races from various Brazilian Jockey Clubs. This provides us with more comprehensive content to our betting base. It is our intention to follow this business model, by expeditiously opening additional locations.”


    Carnegie Cooke is presently updating its website to expand disclosure of its present activities. It intends to file, in December, a registration statement with the SEC to make it a reporting company.


    Carnegie Cooke is the leading media and distribution company in the Brazilian Turf Industry. The Department of Agriculture reports that 2000 turf/gaming industry revenues were over U.S. $377 million, just in local racing events, using un-mechanized facilities.


    The company has the exclusive rights with the Brazilian Association of Jockey Clubs and with the endorsement of the Brazilian Government to mechanize Jockey Club facilities and to implement international simulcast racing throughout the country.


    Earlier this month, its Brazilian subsidiary, Carnegie Cooke do Brasil Ltd., entered into an international simulcasting agreement with Royal Jack Corporation for all its OTB facilities in Brazil with distribution rights for proprietary U.S. horse racing technologies.


    Kentucky-based CBT, LLC, dba Charlson Broadcast Technologies, will provide all necessary data, video distribution and betting technology to interface with American betting systems.


    Business Wire

    Tags:

    • Show Comments (1)

    • Guest

      Pure Rubbish!
      Been sent around in August promised rise in value in days/weeks and price is even lower than the $0.16 buy guide!

      Make your own decisins!

      regards.

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    Ads

    You May Also Like

    Brazil Exports Grow 25.5%. Well Over World Average.

    Brazil’s participation in world trade has exceeded 1% in the first nine months of ...

    In Brazil, Only 40% of Court Cases Are Judged in One Year or Less

    The large number of legal appeals and the lack of organization and communication among ...

    Brazil Offers Ethanol to the U.S. and Calls for End to Subsidies

    During his visit to Washington this week, Brazil’s Minister of Development, Industry and Foreign ...

    The Pyramid at the Paris Louvre Museum

    Louvre Museum Architect and Qatari Pearl Engineer at Brazil’s Architectour

    Brazil is going to host the first International Seminar on Architecture for Tourism, the ...

    Português para Falantes de Árabe

    Building Bridges Between Brazil and Arab World Through Portuguese

    During the Revolution of the Malês, in 1835, in the northeastern Brazilian state of ...

    Confederations Cup in Brazil

    Brazil Expects Foreigners to Spend US$ 3.5 Billion During the World Cup

    Brazil is expecting to receive 600,000 foreign tourists for the 2014 World Cup, an ...

    Brazilian Air Force Says It’s Premature to Blame US Pilots for Boeing Crash

    In an official note,  the FAB (Brazilian Air Force) and ANAC (National Agency of ...

    Accused of Spying on Brazil’s Government, Kroll Denies Wrongdoing

    The transnational investigative firm, Kroll, is being investigated by the Brazilian federal police in ...

    Light Trading in Brazil While Varig Learns Bankruptcy Is the Best Medicine

    Brazil’s stock market inched ahead, while Mexico receded. Investors are awaiting meaningful data from ...

    Brazil Free to Plant All Tobacco It Wants Despite Signing Tobacco Control Pact

    Last year Brazil signed the Framework Convention on Tobacco Control and the government has ...