Sungold, North Dakota tribe sign deal
TORONTO, Ontario -- (PRESS RELEASE) -- Sungold
International Holdings Corp. (OTC Bulletin Board: SGIHF.OB)
(Frankfurt: WKN 608164, Berlin) takes pleasure in announcing that it has
signed a three year agreement with the Turtle Mountain Band of Chippewa
Indians in Belcourt, North Dakota, to market and launch in partnership, the
Horsepower 8 World Pool Lottery on the Internet.
The Horsepower 8 World Pool Lottery design challenges players to select
the first place finisher in eight live horse races from participating
racetracks, running each weekend, on Saturdays and Sundays. Additional
prizes will be paid out each day for seven, six and five winners selected
correctly. If there is no prizewinner in a pool, the pool carries over to
the next race date. As a result, carryover pools are expected to build to
extraordinary, life-changing payouts on a regular basis.
Speaking on behalf of the company, Keith Blackwell, CEO of Sungold(R),
said, "The Horsepower 8 World Pool Lottery combines the excitement of live
horse racing with a lottery platform, hosted on the Internet for easy
access. The market for Horsepower 8 consists of the millions of lottery
players worldwide, as well as avid horseplayers. The lottery's anticipated
carryovers will offer players dreams of exceptional prizes."
Initially, the eight live races will be viewed over the Internet, and
the company is currently in negotiations to make them available on
simulcast networks and satellite television as well. Tickets for the
Horsepower 8 World Pool Lottery will be available for purchase online and
at racetracks, casinos, and other locations using our Internet based
freestanding lottery kiosks.
The Turtle Mountain Band of Chippewa Indians own Chippewa Downs
Racetrack and Sky Dancer Casino in Belcourt. The Racetrack features live
Thoroughbred, Quarter Horse and Paint Horse racing. Both the racetrack and
casino offer a full menu of simulcast wagering on a year-round basis. Ray
Trottier, signing on behalf of the Chippewa, stated, "As a horseplayer for
the last 30 years I see this as a pool-building multi-race wager to the
masses. As a Casino General Manager that follows gambling demographics
closely, I see a huge crossover coming from the daily and weekly lottery
players. We are anxious for the launch, and very appreciative to be named
as the jurisdictional partner."
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