Several ADWs Don't Have Breeders' Cup Contracts Yet

Several advance deposit wagering companies have yet to secure contracts for the Breeders’ Cup World Championships, a consultant said Oct. 15.

Breeders’ Cup consultant Ken Kirchner said International Racing Group, Racing & Gaming Services, TrackNet Media Group, and Youbet.com are among ADWs without contracts for the World Championships, which are scheduled for Oct. 26-27 at Monmouth Park.

IRG, which is owned by Youbet.com, is involved in an ongoing investigation by the U.S. Attorney’s Office in Las Vegas, and is unlikely to get the signals, Kirchner said. He said Youbet.com, which reportedly owes the Breeders’ Cup money from carrying last year’s World Championships, is still in negotiations for this year’s signal.

Kirchner said Breeders’ Cup is still looking into what role, if any, RGS is playing in the federal investigation. In what is believed to be part of the investigation, agents served a search warrant on Youbet.com Oct. 4, and later seized $1.5 million in three Nevada bank accounts affiliated with IRG.

Youbet claims it is not a target of the investigation, and that the federal government is instead looking into activities of IRG customers, and possibly, a former IRG owner.

“We are still trying to get some additional information,” Kirchner said. “There are more unanswered questions than answers. We are trying to figure out the scope of the investigation.”

TrackNet Media, the content partnership between Churchill Downs Inc. and Magna Entertainment Corp., was extended a contract by Breeders’ Cup, but has yet to execute it,  Kirchner said.

“We are still awaiting a contract from TrackNet,” he said. “We tried to contact them last week, and are still awaiting a response."

TrackNet Media's ADW platforms include Twinspires.com, XpressBet.com, WinTicket.com, and BrisBET.com.

“Almost everyone else has an executed contract,” Kirchner said.

A call to TrackNet president Scott Daruty was not immediately returned.

Breeders’ Cup handle last year at Churchill Downs was just more than $140 million, including $122 million in simulcast wagers.

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