Horny Harry
21-10-2002, 00:29
The "Good Neighbor Policy" Adopted by the JRA
and the Hong Kong Jockey Club
Sept. 18th, 2002
JRA Press Release
With the advent of the IT era, illegal gambling sites that operate across borders have been increasing daily since around 1998. This raises serious problems for horseracing circles not only in Japan, but also for the rest of the world. These illegal gambling operators make no financial contribution whatsoever to horseracing, nor to the governments that permit it. If left unchecked, they could damage the financial basis of the entire horseracing industry, thereby putting its very existence in jeopardy. A framework of international cooperation must be established to regulate cross-border gambling.
Today, the Japan Racing Association (JRA) and the Hong Kong Jockey Club (HKJC) have agreed to adopt a "good neighbor policy" to respect each other's jurisdiction on betting. Under this policy, neither party will accept bets from within, or target residents in the jurisdiction of the other party, nor will they solicit, market, or advertise their product in the other jurisdiction without prior authorization of that jurisdiction. This is the first time an international framework has been established as a means of fighting unauthorized, uncontrolled, and unlimited cross-border gambling.
The heads of both organizations will officially sign the "good neighbor policy" agreement during the Hong Kong International Races in December.
Press release by JRA President Mr. Masayuki Takahashi on the new policy
"Promoting the good neighbor policy will enable each country to secure its financial basis in the industry and eventually bring sound development worldwide. I strongly hope that all racing authorities around the world will adopt this policy in the future and a framework for international cooperation against illegal gambling will be established. I think it is highly significant that Asia has shown the way towards a bright future for horseracing worldwide."
Press by HKJC Chief Executive Mr. Lawrence Wong:
"There's a need for international cooperation and mutual respect among racing jurisdictions to fight against unauthorized and illegal operators who steal our racing product for their own gain. These illegal gambling operators make no qualitative improvement to horseracing or any financial contribution whatsoever to the governments that permit it. Our landmark agreement with the JRA is an excellent starting point for such international cooperation. We, the HKJC and the JRA, hope that eventually all members of the Asian Racing Federation and the International Racing Federation will join us in adopting this good neighbor policy."
--------------------------------------------------------------------------------
and the Hong Kong Jockey Club
Sept. 18th, 2002
JRA Press Release
With the advent of the IT era, illegal gambling sites that operate across borders have been increasing daily since around 1998. This raises serious problems for horseracing circles not only in Japan, but also for the rest of the world. These illegal gambling operators make no financial contribution whatsoever to horseracing, nor to the governments that permit it. If left unchecked, they could damage the financial basis of the entire horseracing industry, thereby putting its very existence in jeopardy. A framework of international cooperation must be established to regulate cross-border gambling.
Today, the Japan Racing Association (JRA) and the Hong Kong Jockey Club (HKJC) have agreed to adopt a "good neighbor policy" to respect each other's jurisdiction on betting. Under this policy, neither party will accept bets from within, or target residents in the jurisdiction of the other party, nor will they solicit, market, or advertise their product in the other jurisdiction without prior authorization of that jurisdiction. This is the first time an international framework has been established as a means of fighting unauthorized, uncontrolled, and unlimited cross-border gambling.
The heads of both organizations will officially sign the "good neighbor policy" agreement during the Hong Kong International Races in December.
Press release by JRA President Mr. Masayuki Takahashi on the new policy
"Promoting the good neighbor policy will enable each country to secure its financial basis in the industry and eventually bring sound development worldwide. I strongly hope that all racing authorities around the world will adopt this policy in the future and a framework for international cooperation against illegal gambling will be established. I think it is highly significant that Asia has shown the way towards a bright future for horseracing worldwide."
Press by HKJC Chief Executive Mr. Lawrence Wong:
"There's a need for international cooperation and mutual respect among racing jurisdictions to fight against unauthorized and illegal operators who steal our racing product for their own gain. These illegal gambling operators make no qualitative improvement to horseracing or any financial contribution whatsoever to the governments that permit it. Our landmark agreement with the JRA is an excellent starting point for such international cooperation. We, the HKJC and the JRA, hope that eventually all members of the Asian Racing Federation and the International Racing Federation will join us in adopting this good neighbor policy."
--------------------------------------------------------------------------------