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:

You May Also Like

World Bank Lends Record US$ 18 Billion to Brazil and Latin America

The World Bank Group (WBG) committed US$ 17.9 billion in fiscal year 2010 – ...

Brazil Exported 21% More Flowers and Plants in 2004

Brazilian exports of flowers and ornamental plants yielded US$ 23.5 million last year, which ...

Led by Mineral Extraction, Brazilian Industry Is Pulling Economy Up

Industry was one of the main bases of growth for the Brazilian Gross Domestic ...

Opposition Calls Electioneering Brazil’s Creation of 110,000 New Federal Jobs

Since 2003 when he was inaugurated Brazilian president Luiz Inácio Lula da Silva has ...

Only Pact with Devil Explains Brazilian Progress, Says Brazil’s Vice-President

Brazil’s Vice-President, José Alencar, declared that “the interest rate structure in Brazil is an ...

WTO Meeting Will Fail If Europe Can’t Do Better, Says Brazil

The Brazilian Minister of Foreign Relations, Celso Amorim, believes that the determination of a ...

Brazilian Couple Convicted for Homeschooling Their Two Kids

Cleber and Bernadeth Nunes from Timóteo, a city 196 km (122 miles) from Belo ...

On Advice of Counsel

1. President Lula should legalize all immigrants living in Brazil. 2. Should assist Brazilians ...

Who Are You Voting For? In Brazil, Very Few Are Saying Lula

The most recent polls on the Brazilian President, Luiz Inácio Lula da Silva, and ...

Brazil to Define Official Standard for Its Coffee

Brazil's coffee is going to undergo a new process of identification and qualification of ...