Grand Perfecta Launches Worldracenews
Poised to Capitalize on Recent Gaming Law Revisions
TOKYO, JAPAN -- (Marketwired) -- 08/18/16 -- Grand Perfecta Inc., (OTCQX: GPIW), a leader in online sports information, in anticipation of Prix de l'Arc de Triomphe and recent revision in Japanese gaming laws, today announced the launch of worldracenews.com.
Beginning October 2016, at the Prix de l'Arc de Triomphe, the Japan Racing Association (JRA) will begin selling of overseas horse race betting tickets. This is in response to a recent landmark decision by the National Assembly to revise the law that previously did not allow JRA to sell tickets for races outside of Japan. This marks a significant opportunity for the JRA, based on available domestic operational data, the JRA expects over 40 billion yen in sales from the now available overseas races.
The launch of worldracenews.com is to position Grand Perfecta to capitalize on the opportunities that the recent revision of the law presents. Worldracenews.com is Japan's first global, horse racing information site to focus on providing the opportunity for horse race fans to enjoy foreign horse racing to the fullest. The site contains comprehensive information, including upcoming races, race results, detailed foreign jockey profiles, the site will have all the information needed to keep the horse race fan informed. In addition to the free public site, premium services will be available for a subscription fee.
"This creates a tremendous opportunity for Grand Perfecta," says Shuya Watanabe, CEO, Grand Perfecta, Inc. "Globally, Japan has the world's largest number of horse race fans and the highest betting ticket sales. This creates an even broader platform for the Japanese horse race fan to participate in and we believe worldracenews.com is positioned to be the premier content provider to them," continued Watanabe.
The Prix de l'Arc de Triomphe, popularly referred to as the "Arc," is Europe's most prestigious horse race. Since 1920, the "Arc" has run annually in Paris on the first Sunday of October. The race boasts a purse of 5 million Euros, making it the most richly-rewarded turf race in the world.
About Grand Perfecta, Inc. -- Grand Perfecta, Inc., www.grandperfecta.com, (OTCQX: GPIW) is Asia's sports gaming leader with over $15M in revenues. Based in Japan and the United States, Grand Perfecta provides data analytics, fantasy sports and online and mobile gaming. Our technology platforms enable customers to access and play with multiple sports in every region of the world. Sports include horse racing, sumo wrestling, basketball, soccer, football, motor sports and baseball. Grand Perfecta employs over 100 people in their offices in Japan, Hong Kong and the United States.
Safe Harbor for Forward-looking Statements
This news release may contain forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, they are based on management's current beliefs and assumptions as to future events. However, since the company's operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.
Grand Perfecta, Inc.
Source: Grand Perfecta, Inc.
Released August 18, 2016