PariMAX Passes The $4 Billion Mark In Total Handle Wagered On Historic Horse Racing April 9th 2017

18/04/2017 11:27

HUNT VALLEY, Md., April 18, 2017 /PRNewswire-USNewswire/ -- AmTote's historical horse racing brand PariMAX, has surpassed the $4 billion-dollar mark in total dollars of handle wagered since the introduction of historical horse racing in January of 2000. Since this time over $330 Million has been returned to the horseracing industry, through commissions paid to local operators and horsemen and through host track fees for content that has been licensed by PariMAX.

With the launch of PariMAX 3.0 in early 2017 our operators have seen month over month growth of more than 40%. Monthly releases and new titles will drive even greater growth in the second half of the year with more than 20 new titles scheduled for the second half of 2017.

"AmTote remains deeply committed to helping race tracks monetize their valuable racing content via innovative products that engage and delight track patrons. The work that we do provides financial benefits not only to the host race tracks who provide that content, but to the industry at large, including the pari-mutuel wagering operators, horsemen, as well as the state authorities that directly oversee racing and pari-mutuel wagering. The $4B wager mark is clearly a special milestone for the PariMAX product line – when we launched pari-mutuel wagering on historical races in 2000, we knew there was potential. We are very pleased with its continued growth and the extent to which the returns have benefited horse racing," said Keith Johnson, President of AmTote International, Inc.

For more information contact PariMAX to be part of this exciting future that is built on a proven and truly pari-mutuel solution using our innovative concepts to drive revenue from your horse racing content.

For more information visit www.parimax.com or contact media@amtote.com. AmTote International, Inc. is a wholly owned subsidiary of The Stronach Group.

The Stronach Group
The Stronach Group (TSG) is an industry leader in world-class horse racing, entertainment and pari-mutuel wagering technology. Within our portfolio of racing and gaming businesses, the Company holds some of the greatest brands in the industry including; Santa Anita Park, "The Great Race Place"; Pimlico Race Course, home of the legendary Preakness Stakes; Gulfstream Park, one of Florida's newest entertainment destination centers, and home to the $16-million Pegasus World Cup Invitational, the world's richest Thoroughbred horse race; Laurel Park; Golden Gate Fields; Portland Meadows; and Rosecroft Raceway. TSG is an industry leader in pari-mutuel technology through its subsidiaries AmTote and Xpressbet and is a major distributor of horse racing content to a global audience through Monarch Content Management. The award winning Adena Springs is the breeding and training facility of The Stronach Group with stables in Kentucky, Florida and Ontario. For more on The Stronach Group, visit www.stronachgroup.com.