Los Angeles, California, March 5, 2014 (GLOBE NEWSWIRE) -- Embarr Downs, Inc. (OTCQB: EMBR) announced today that it has begun the development of a Fantasy Thoroughbred Website. The Company has retained web developers to begin building the website based on the specifications provided by the Company.
In 2013, nearly $11 Billion was bet on thoroughbred races in the United States (more than movie-theater box-office revenues in 2013). Additionally, there are approximately 5,100 racing days per year (accounting for all tracks). The Company is looking to capitalize on this already existing betting structure to provide individuals with the same enjoyment of betting on thoroughbreds but in a setting similar to fantasy football leagues. "If we can capture just 0.1% of the total betting population that could translate into $12 million a year in revenue," stated Joseph Wade, CEO of Embarr Downs. "That added revenue would allow us to expand our operations without the need to seek outside capital. One of our primary goals is to expand our operations in a manner that secures the interests of our current investors and shareholders. Our goal is to have the site up and running in time for the Breeders' Cup to maximize the launch of the site and to have a mobile app by years end."
About Embarr Downs. The Company is engaged in the buying, selling and racing of thoroughbreds. The Company's focus is acquiring thoroughbreds that can race in the allowance and stakes level of thoroughbred racing; however, the Company will initially begin acquiring thoroughbreds in the claiming level of thoroughbred racing. More information can be found at www.embarrdowns.com Additional information can be found at www.embarrdowns.com and on our Facebook page https://www.facebook.com/embarrdowns and Twitter at https://twitter.com/EmbarrDowns.
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