It has the emulator built in... HUGE plus and mounting holes for 70mm pattern which is ideal.
Connected Simagic GT Neo to my Fanatec base using this and magic link, awesome!
Complete set with all needed screws and parts. Directly recognized as Fanatec hub. Great deal!
The QR bundle I bought feels top notch in quality and works perfectly fine with the original Fanatec one too. Can wholeheartedly recommend.