September 7

In Japan, the All Headline News is reporting that Internet group Softbank Corp. is heading in the direction of becoming Japan's premiere Internet group to enter the online gambling Industry. In order to diversify its business, Softbank Corp. is making plans with a popular racing sector to enter into a new era.

Softbank, which operates the Yahoo broadband service in Japan, is preparing to set up an Internet portal to provide information and offerings on the races, take wagers from bettore and even broadcast many races. This is all part of a deal to Internet group is making with the Iwate Prefecture Horse Racing Association.

As it reportedly stands, In April of next year (2006), Softbank Corp. will start taking bets through the Internet on races at 2 separate courses in Iwate territory. The Iwate area is located about 250 miles north of the Tokyo area.

Iwate is popular for racing punters looking for action. After April 2006, it will be even easier for those who enjoy online gambling sports wagering to get in on the action.