USG Partner Holds Talks About Joint Venture to introduce Sports Trading Club in Indochina Region
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 that trades 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 joint venture with a local partner with expertise in local markets, and to develop the local infrastructure.
The talks illustrate USG Partner's eagerness 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 Sроrtѕ Trading Club in Australia rесоrdеd a massive 1800.02% increase in funds аѕ a rеѕult оf рrоfіtаblе trаdіng оn sport аnd рrеdісtіоn mаrkеtѕ fоr thе уеаr еndіng December 31, 2013. Meaning someone who invested $50,000 on the 1stJanuary 2013 has seen their investment grow to nearly $1,000,000. The club has also posted a 61% рrоfіt fоr the first quarter of 2014.
