LONDON, August 25, 2014 /PRNewswire/ --
Universal Sports Group Partner, a British Virgin Islands company recently rebranded as USG Partner, (http://www.usgp.org) has looked beyond Europein its quest for a partner to obtain a foothold into Asia by seeking to obtain the rights to the lucrative Sports Trading Club licence in Indochina.
USG Partner executives have held talks in recent weeks with representatives from Financial Investment and Development Capital (FIDC), a commodities trader in Vietnam, Laos and Cambodia, about a potential joint venture to introduce the Sports Trading Club into the Indochina region.
The talks were said to be productive, according to people familiar with the matter. Those discussions came after USG Partner, a global investment group thattrades on sports and prediction markets expressed its intentions to expand into Asia.
USG Partner employs analysts, mathematicians, statisticians and specialists to identify sports trades.
Among the possible deals considered was an arrangement similar to the establishment of the successful introduction of the Sports Trading Club into Australia: forming a jointventure with a local partner with expertise in local markets, and to develop the local infrastructure.
The talks illustrate USG Partner'seagerness to find a foothold into the Asian gambling markets, which make up a massive 34% of the global gabling market. Merrill Lynch predict that by 2015 the on-line sports market will be worth over $512 billion a year, making the Asian online market alone worth $164bn.
Earlier this year, The SроrtÑ• Trading Club in Australia rеÑоrdеd a massive 1800.02% increase in funds аѕ a rеѕult оf Ñ€rоfÑ-tаblе trаdÑ-ng оn sport аnd Ñ€rеdÑ-ÑtÑ-оn mаrkеtÑ• fоr thе уеаr еndÑ-ng December 31, 2013. Meaning someone who invested $50,000 on the 1st January 2013 has seen their investment grow to nearly $1,000,000. The club has also posted a 61% Ñ€rоfÑ-t fоr the first quarter of 2014.
