Century Casinos Incorporation announced that one of it’s subsidiary company, Century Bet! Inc. has started operating pari mutuel off-track betting in Southern Alberta, Canada on May 4, 2015.
Century Bet Inc. an off-track betting company was formed by Century Casinos Inc. which own 75% of the company and Rocky Mountain Turf Club, a horse racing company in Southern Lethbridge which own 25% part of the company.
”To make the take off the company smooth and successful, Century Bet has gone into a joint venture agreement with closed to one hundred racetrack in North America and some other part of the world for sourcing of common pool pari mutuel wagering content,” the publication on the Century Casinos Inc. website says.
The publication further says that, ”Century Bet! Inc. has also contract with fifteen off track betting parlors throughout Southern Alberta where it is providing pari mutuel wagering content and live video”.
The CBS retains the total amount of money wagered on bet placed on horse races at all these off track betting parlors but will only pays a portion thereof as commissions, fees and expenses .
The license to operate pari mutuel off track horse betting was granted CCI on December 2014 by Horse Racing Alberta.