Gold Rush Betting
CTS announced on Friday 26 February, that 16 applications had been received to date for the inaugural CTS Gold Rush.
And suddenly, a major rush to gold is leading to a surge of investor interest in exploration companies-the riskiest place to pour money into gold-mining, but also potentially the most lucrative. Atlantic City is the frontier town for a new American gold rush. The gambling hub of New Jersey was the first state to adopt legislation allowing sports betting after the US Supreme Court.
Gold Rush Being Renewed
There are 14 slots on offer now, and two buy-ins will be available within a year of the 2021 Cape Premier Yearling Sale at De Grendel on 14 March.
The 16 runners will compete for a total purse of R7,5-million.
“This is most exciting, as the Gold Rush concept is the first of its kind in South Africa. We are most pleased by the support received for this initiative,” said CTS Sales Director, Amanda Carey.
Prospectors are reminded that the draw for the CTS Gold Rush will take place 15 minutes before the start of the 2021 Cape Premier Yearling Sale.
The first 14 names drawn out of the box will be awarded a Prospector’s certificate.