To illuminate its unique industry niche, the company formerly known as Encore Racing Based Games (RBG) has changed its name to Exacta Systems, in tandem with its newly opened corporate headquarters located in Boynton Beach.
"This company was founded with the singular goal of becoming the preeminent supplier of historic horse racing systems and games," Jeremy Stein, Exacta president, said. "Our record breaking performance in Kentucky and Wyoming has established us as the clear-cut leader in the historic horse racing market, and we are anxious to announce new, exciting products in the coming months.”
The firm was founded in 2013 to address what its owners perceived as a need for innovative approaches to the new entertainment business called Historical Horse Racing. It has delivered electronic games simulating player experience, pouring millions of dollars of revenue into jurisdictions and track operations, along with horse owners, breeders and trainers.
Exacta’s pari-mutuel system features authorized, previously conducted races on a system platform that allows for additional third-party game design to expand the potential range of customer experiences. The rebranding positions the company as “The Future of Historic Horse Racing.”
“By incorporating a traditional and popular wager into our name, we hope to continue building a brand that is synonymous with state-of-the-art technology and innovation in pari-mutuel wagering on historic horse races," Stein said.
Pari-mutuel is a type of betting in which those backing the first several places — usually three — divide the losers' stakes, rather than one bettor taking all.
In addition to its new Florida headquarters, Exacta Systems maintains auxiliary offices in Austin, Texas.