Sports Betting Partnership for GMA New Media and Manila Jockey Club

Companies to place equal investments

It has been all over the industry news that a new partnership emerged this week between a broadcast company GMA Network Inc and Manila Jockey Club Inc. (MJC) in regards to online and mobile horse race betting.

Both GMA Network subsidiary, GMA New Media Inc. and Asia's oldest horse-racing club will place P10 million (GBP 142 300) into the joint project, which aims at boosting the horse betting industry, and which will see the light of the day sometime in the middle of 2011.

The new venture will receive GMA New Media Inc.'s technology, which should facilitate its goal to promote sports and recreation services and technologies with television, radio, mobile, Web and other platforms.

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