Success Dragon to manage greyhound racing business

HK-listed Success Dragon International Holdings Ltd announced on Friday it has entered into an agreement for the provision of outsourced management services for greyhound racing in Vietnam.

The agreement was made with Sports and Entertainment Joint Stock Company (SES), a foreign invested enterprise which operates a greyhound race track at Lam Song Stadium in Ba Ria Vung Tau Province.

Under the agreement, Success Dragon will be responsible for scheduling and organizing racing events, marketing, advertising and promotion of the races as well as managing various operations of the racing business.

The appointment is for an initial term of seven years, with Success Dragon entitled to a service management fee equal to 7 percent of the gross proceeds of all wagers accepted.