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Canada – Century launches pari-mutuel in Alberta

By - 5 May 2015

Century Casinos has announced that Century Bets! has started operating pari-mutuel off-track horse betting in Southern Alberta, Canada.

Upon award of a three year license by Horse Racing Alberta in December 2014, the company and Rocky Mountain Turf Club formed Century Bets! CBS is owned 75 per cent by the company and 25 per cent by RMTC. CBS started operating the pari-mutuel off-track horse betting network in Southern Alberta, Canada on May 4, 2015.

CBS has joint venture agreements with close to 100 racetracks throughout North America and also world-wide for the sourcing of common pool pari-mutuel wagering content. CBS has also contracts with 15 off-track betting parlors throughout Southern Alberta, where it is providing pari-mutuel wagering content and live video. CBS retains the handle from bets placed on horse races at the off-track betting parlours and pays a portion thereof as commissions, fees and expenses.

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