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Kentucky Group's Mongolian Racing Venture
Tuesday Odd Spot: A group from Kentucky "will work with the government of Mongolia in the introduction of thoroughbred racing & pari-mutuel wagering in the Asian nation," reported thoroughbredtimes.com. Partners in the Asia-Pacific Equine Investment Company include founder Joe Flynn, former Kentucky Governor Martha Layne Collins & US horseman Larry Richardson. A "short live meeting with native horses & some thoroughbreds has been slated for 2006 at an existing racetrack in the capital city of Ulaan Baator, with an initial full meet scheduled for 2007". The company has contracted United Tote "to install equipment at the Bayangol Hotel in Ulaan Baator for a simulcast & gaming center slated to open in October". Flynn confirmed: "One gentleman had held a few race dates for Mongolian horses just as a hobby a couple of years ago. Once we started talking to people, the Mongolian government officials got very excited about joining with us. They are actively seeking foreign investment there & they're fast-tracking their entire economy. We entertained a large group of Mongolian government officials in Kentucky last November & our thoroughbred industry just blew them away."